Common use of Grantee’s Request for Approval Clause in Contracts

Grantee’s Request for Approval. If the Grantee wishes to satisfy all or any portion of his minimum statutory tax withholding obligations with respect to the settlement of his Vested Restricted Units hereunder (i) by tendering shares of Common Stock that have been owned by the Grantee for at least six months prior to the effective date of settlement and/or (ii) by having the Company withhold Settlement Shares that would otherwise be issued and Transferred upon such settlement, the Grantee shall submit a written request to the Committee prior to any proposed date for settlement of Vested Restricted Units hereunder for the Committee’s approval to tender such shares and/or have such Settlement Shares withheld, as the case may be. Such written request shall (i) specify the percentage or dollar amount of such minimum statutory tax withholding that the Grantee wishes to satisfy by tendering previously owned shares of Common Stock and/or having Settlement Shares withheld, as the case may be, (ii) include the Grantee’s representation to the effect that, as of the date of such request, the Grantee has unconditionally owned any shares of Common Stock that he proposes to tender for at least six months and (iii) include such supporting documentation or other evidence as the Committee may request to evidence the Grantee’s unconditional ownership of any such shares of Common Stock as of the date of such request and for the six month period preceding such date.

Grantee’s Request for Approval. If the Grantee wishes to pay all or any portion of the Option Price and/or satisfy all or any portion of his minimum statutory tax withholding obligations with respect to the settlement his exercise of his any Vested Restricted Units hereunder Options (i) by tendering shares of Common Stock that have been owned by the Grantee for at least six months prior to the effective date of settlement exercise and/or (ii) by having the Company withhold Settlement Option Shares that would otherwise be issued and Transferred issuable upon such settlementexercise, the Grantee shall submit a written request to the Committee prior to any proposed date for settlement his delivery of Vested Restricted Units hereunder notice of exercise to the Company pursuant to Section 5.2 for the Committee’s approval to tender such shares and/or have such Settlement Option Shares withheld, as the case may be. Such written request shall (i) specify the dollar amount of the aggregate Option Price and/or the percentage or dollar amount of such minimum statutory tax withholding that the Grantee wishes to satisfy by tendering previously owned shares of Common Stock and/or having Settlement Option Shares withheld, as the case may be, (ii) include the Grantee’s representation to the effect that, as of the date of such request, the Grantee has unconditionally owned any shares of Common Stock that he proposes to tender for at least six months and (iii) include such supporting documentation or other evidence as the Committee may request to evidence the Grantee’s unconditional ownership of any such shares of Common Stock as of the date of such request and for the six month period preceding such date.

Grantee’s Request for Approval. If the Grantee wishes to pay all or any portion of the Option Price and/or satisfy all or any portion of his minimum statutory tax withholding obligations with respect to the settlement his exercise of his any Vested Restricted Units hereunder Options (i) by tendering shares of Common Stock that have been owned by the Grantee for at least six months prior to the effective date of settlement exercise and/or (ii) by having the Company withhold Settlement Option Shares that would otherwise be issued and Transferred issuable upon such settlementexercise, the Grantee shall submit a written request to the Committee prior to any proposed date for settlement his delivery of Vested Restricted Units hereunder notice of exercise to the Company pursuant to Section 5.2 for the Committee’s approval to tender such shares and/or have such Settlement Option Shares withheld, as the case may be. Such written request shall (i) specify the dollar amount of the aggregate Option Price and/or the percentage or dollar amount of such minimum statutory tax withholding that the Grantee wishes to satisfy by tendering previously owned shares of Common Stock and/or having Settlement Option Shares withheld, as the case may be, (ii) include the Grantee’s representation to the effect that, as of the date of such such, request, the Grantee has unconditionally owned any shares of Common Stock that he proposes to tender for at least six months and (iii) include such supporting documentation or other evidence as the Committee may request to evidence the Grantee’s unconditional ownership of any such shares of Common Stock as of the date of such request and for the six month period preceding such date.

Grantee’s Request for Approval. If the Grantee wishes to pay all or any portion of the Option Price and/or satisfy all or any portion of his Grantee’s minimum statutory tax withholding obligations with respect to the settlement his exercise of his any Vested Restricted Units hereunder Options (i) by tendering shares of Common Stock that have been owned by the Grantee for at least six months prior to the effective date of settlement exercise and/or (ii) by having the Company withhold Settlement Option Shares that would otherwise be issued and Transferred issuable upon such settlementexercise, the Grantee shall submit a written request to the Committee prior to any proposed date for settlement his delivery of Vested Restricted Units hereunder notice of exercise to the Company pursuant to Section 5.2 for the Committee’s approval to tender such shares and/or have such Settlement Option Shares withheld, as the case may be. Such written request shall (i) specify the dollar amount of the aggregate Option Price and/or the percentage or dollar amount of such minimum statutory tax withholding that the Grantee wishes to satisfy by tendering previously owned shares of Common Stock and/or having Settlement Option Shares withheld, as the case may be, (ii) include the Grantee’s representation to the effect that, as of the date of such request, the Grantee has unconditionally owned any shares of Common Stock that he proposes to tender for at least six months and (iii) include such supporting documentation or other evidence as the Committee may request to evidence the Grantee’s unconditional ownership of any such shares of Common Stock as of the date of such request and for the six month period preceding such date.