Options and Other Equity Based Compensation Sample Clauses

Options and Other Equity Based Compensation. Sellers and their Affiliates shall claim any Tax deductions arising by reason of the exercise of options to acquire, or the vesting or award of, Sellers’ or their Affiliates’ stock or attributable to any other equity-based compensation based on Sellers’ or their Affiliates’ stock, such as restricted stock units, at any time, including with respect to the exercise of stock options or disposition of other equity-based compensation, if allowable under applicable law. To the extent Sellers or their Affiliates are prohibited from claiming such Tax deduction by applicable law and, at Sellers’ request, Purchasers are able to claim such deduction, Purchasers shall pay to Sellers, within thirty (30) days of claiming such deduction, the amount of any resulting Tax Benefit less any out-of-pocket costs associated with claiming the deduction.