Common use of Income and Employment Tax Withholding Clause in Contracts

Income and Employment Tax Withholding. The Grantee shall be solely responsible for paying to the Company all required federal, state, city and local income and employment taxes which arise on the vesting of the Shares. The Administrator, in its sole discretion and subject to such rules as it may adopt, shall require the Grantee to satisfy any withholding tax obligation by having the Company retain Shares equal to the amount of the minimum withholding tax to be satisfied by that retention.

Income and Employment Tax Withholding. The Grantee shall be solely responsible for paying to the Company all required federal, state, city and local income and employment taxes which arise on the vesting of the Shares. The AdministratorCommittee, in its sole discretion and subject to such rules as it may adopt, shall may require the Grantee to satisfy any withholding tax obligation by having the Company retain cash or Shares equal to the amount of the minimum withholding tax to be satisfied by that retention.

Income and Employment Tax Withholding. The Grantee shall be solely responsible for paying to the Company all required federal, state, city and local income and employment taxes which arise on the vesting of the SharesRestricted Stock. The AdministratorCommittee, in its sole discretion and subject to such rules as it may adopt, shall may require the Grantee to satisfy any withholding tax obligation by having the Company retain cash or Shares equal to the amount of the minimum withholding tax to be satisfied by that retention.