Tax Withholding Clause Example from Business Contracts

This example Tax Withholding clause appears in 2 contracts from 1 company

Tax Withholding. The Optionee shall, not later than the date as of which the exercise of this Stock Option becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Optionee may elect to have the minimum required tax withholding obligation satisfied, in whole or in part, by (a) authorizing the Company to withhold from shar...es of Stock to be issued, or (b) transferring to the Company a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due. View More