Common use of Options and Performance Options Clause in Contracts

Options and Performance Options. In the case of Options and Performance Options, the acceptable methods for making payment for taxes shall be the same as those for payment of the exercise price for Options and Performance Options as discussed in Section 5 above. If shares of Common Stock are used to satisfy the applicable taxes, the taxes must be calculated at the Participant’s minimum applicable tax rates.

Appears in 6 contracts

Samples: Incentive Compensation Agreement (Light & Wonder, Inc.), Incentive Compensation Plan (Light & Wonder, Inc.), Incentive Compensation Agreement

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