Withholding Clause Example from Business Contracts

Withholding. Subject to Section 3(b)(ii), the Participant may be required to pay to the Company or any of its Affiliates and the Company shall have the right and is hereby authorized to withhold from any payment due or transfer made under the Option or under the Plan or from any fees or compensation or other amount owing to a Participant the amount (in cash, Shares, other securities or other property) of any applicable withholding taxes in respect of the Option, its exercise or any payment or transfer under ...or with respect to the Option or the Plan and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. View More