Common use of Government and Other Regulations Clause in Contracts

Government and Other Regulations. The obligation to sell and deliver shares of stock under the Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require Optionee to remit to the Corporation, an amount sufficient to satisfy Federal, state, and local taxes (including the Optionee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of this Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Rexnord Corp), Non Qualified Stock Option Agreement (Rexnord Corp)

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Government and Other Regulations. The obligation to sell and deliver shares of stock under the Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the CorporationCompany, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation Company shall have the power and the right to deduct or withhold, or require Optionee to remit to the CorporationCompany, an amount sufficient to satisfy Federal, state, and local taxes (including the Optionee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of this Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Assured Pharmacy, Inc.), Management Equity Incentive Plan (Neenah Foundry Co)

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Government and Other Regulations. The obligation to sell and deliver shares of stock under the Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require Optionee Grantee to remit to the Corporation, an amount sufficient to satisfy Federalfederal, state, and local taxes (including the OptioneeGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of this OptionOption or these Performance Stock Units.

Appears in 2 contracts

Samples: Non Qualified Stock Option And (Rexnord Corp), Non Qualified Stock Option and Performance Stock Unit Agreement (Rexnord Corp)

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