Tax Matters Clause Example from Business Contracts

This example Tax Matters clause appears in 2 contracts from 2 companies

Tax Matters. (a) Withholding. No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option. (b) Disqualifying Disposition. If the Participant disposes of Shares acquired upon exercise of this option within two (2) years from the Grant Date or one (1) year after such Shares were acquired p...ursuant to exercise of this option, the Participant shall notify the Company in writing of such disposition. View More