Common use of Authorization to Withhold Clause in Contracts

Authorization to Withhold. This provision supplements Section 7 of the Agreement: Without limiting the Company’s and the Employer's authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 7 of the Agreement, in accepting the RSUs, the Participant authorizes the Company to deduct and retain from the Shares to be distributed upon vesting of RSUs or to withhold from proceeds of the sale of Shares acquired upon vesting and settlement of the RSUs, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items. SWITZERLAND

Authorization to Withhold. This provision supplements Section 7 12 of the Grant Agreement: Without limiting the Company’s and the Employer's ’s authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 7 12 of the Grant Agreement, in by accepting the RSUs, the Participant Employee authorizes the Company and/or the Employer to deduct and retain from the withhold Shares to be distributed upon vesting of RSUs or to withhold from proceeds of sell Shares otherwise deliverable to the sale of Shares acquired Employee upon settlement/vesting and settlement of the RSUsto satisfy Tax-Related Items, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items. SWITZERLANDSWITZERLAND Notifications