Common use of End of Lock-Up Period Clause in Contracts

End of Lock-Up Period. Upon the conclusion of the Lock-Up Period and subject to any further period included in the Plan and/or herein, the Trustee may release the Option and/or the Shares issued upon exercise of such Option to Optionee only after (i) the receipt by the Trustee of an acknowledgment from the income tax authority that Optionee has paid any applicable tax due pursuant to Section 102 and the Tax Ordinance, or (ii) the Trustee withholds any applicable tax due pursuant to Section 102 and the Tax Ordinance.

End of Lock-Up Period. Upon the conclusion of the Lock-Up Period and subject to any further period included in the provisions of the Plan and/or hereinand this Option Agreement, the Trustee may release the Option and/or the Shares issued upon resulting from the exercise of such Option thereof to Optionee only after (i) the receipt by the Trustee of an acknowledgment from the income tax authority Income Tax Authority that Optionee has paid any applicable tax due pursuant to Section 102 and the Tax Ordinance, or (ii) the Company or the Trustee withholds any applicable tax due pursuant to Section 102 and the Tax Ordinance.