Burger King 2013 Annual Report Download - page 136
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or
(c) withholding in Shares to be issued at settlement of the RSUs.
The Committee shall establish the method of withholding from alternatives (a) – (c) above, or if the Committee does not exercise its discretion prior to the
taxable event or tax withholding event, as applicable, then you shall be entitled to elect the method of withholding from the alternatives above.
To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you
are deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of the Shares are held back solely for the
purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan.
Finally, you shall pay to the Company or any Affiliate any amount of Tax-Related Items that the Company or any Affiliate may be required to withhold or
account for as a result of your participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or
deliver the Shares or the proceeds of the sale of Shares, if you fail to comply with your obligations in connection with the Tax-Related Items.
The following provision supplements the Limits on Transferability; Beneficiaries section of the Award Agreement:
If you are located outside the U.S., the RSUs may not be Transferred to a designated Beneficiary and may only be Transferred upon your death to your legal
heirs in accordance with applicable laws of descent and distribution. In no case may the RSUs be Transferred to another individual during your lifetime.
The following provisions supplement the Acknowledgment of Nature of Award section of the Award Agreement:
You understand, acknowledge and agree to the following with respect to the RSUs:
(a) The RSUs and any Shares acquired under the Plan are not intended to replace any pension rights or compensation.
(b) Your participation in the Plan will not be interpreted to form an employment relationship with the Company or any Affiliate.
(c) The Company shall have the exclusive discretion to determine when you have ceased providing Service for purposes of this Award Agreement.
A-10
Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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