Common use of Election to Withhold Shares Clause in Contracts

Election to Withhold Shares. If the Board permits, you may elect to satisfy the Company’s income tax withholding obligation with respect to a Grant by having shares withheld up to an amount that does not exceed your minimum applicable withholding tax rate for federal (including FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Board and may be subject to the prior approval of the Board.

Election to Withhold Shares. If the Board so permits, you the Holder may elect to satisfy the Company’s 's income tax withholding obligation with respect to a Grant an issuance by the Company hereunder by having shares Shares withheld up to an amount that does not exceed your the minimum applicable withholding tax rate applicable to the Holder for federal (including FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Board and may be subject to the prior approval of the Board.