Common use of Authorization to Withhold Clause in Contracts

Authorization to Withhold. This provision supplements the Share Delivery; Vested Restricted Stock Units, Tax-Related Items section of the Agreement: Without limiting the authority of the Company and/or the Employer to satisfy their withholding obligations for Tax-Related Items as set forth in the Share Delivery; Vested Restricted Stock Units, Tax-Related Items section of the Agreement, by participating in the Plan, you authorize the Company to withhold shares or arrange for the sale of shares of Stock otherwise deliverable to you upon vesting/settlement of the Restricted Stock Units to satisfy Tax-Related Items, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Ciena Corp), Restricted Stock Unit Agreement (Ciena Corp), Restricted Stock Unit Agreement (Ciena Corp)

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