Federal and State Taxes. Optionee may incur certain liabilities for Federal, state, or local taxes in connection with the exercise of the Option hereunder, and the Company may be required by law to withhold such taxes. Upon determination of the year in which such taxes are due and the determination by the Company of the amount of taxes required to be withheld, Optionee shall pay an amount equal to the amount of Federal, state, or local taxes required to be withheld to the Company. If Optionee fails to make such payment in a timely manner, the Company may withhold and set-off against compensation and any other amounts payable to the Optionee the amount of such required payment.
Appears in 6 contracts
Samples: Incentive Stock Option Agreement (Radyne Corp), Non Qualified Stock Option Agreement (Radyne Corp), Non Qualified Stock Option Agreement (Willdan Group, Inc.)
Federal and State Taxes. The Optionee may incur certain liabilities for Federalfederal, state, or local taxes in connection with the exercise of the Option hereunder, and the Company may be required by law to withhold such taxes. Upon determination of the year in which such taxes are due and the determination by the Company of the amount of taxes required to be withheld, the Optionee shall pay an amount equal to the amount of Federalfederal, state, or local taxes required to be withheld to the Company. If the Optionee fails to make such payment in a timely manner, the Company may withhold and set-off against compensation and any other amounts payable to the Optionee the amount of such required payment. Such withholding may be in shares of Common Stock at the sole election of the Company.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Quepasa Corp), Non Qualified Stock Option Agreement (Quepasa Corp)
Federal and State Taxes. Optionee may incur certain liabilities for Federal, state, or local taxes in connection with the exercise of the Option hereunder, and the Company may be required by law to withhold such taxes. Upon determination of the year in which such taxes are due and the determination by the Company of the amount of taxes required to be withheld, Optionee shall pay an amount equal to the amount of Federal, state, or local taxes required to be withheld to the Company. If Optionee fails to make such payment in a timely manner, the Company may withhold and set-off against compensation and any other amounts payable to the Optionee the amount of such required payment.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Meritage Homes CORP), Non Qualified Stock Option Agreement (Meritage Homes CORP)
