Payment of Income Taxes. If Optionor is required to withhold any amount on account of federal, state or local tax (including, without limitation, any income, FICA, disability insurance, or employment tax) imposed as a result of the exercise of the Put Option, Optionee shall, concurrently with such withholding, pay such amount to Optionor in full in cash.
Appears in 4 contracts
Samples: Option Agreement (Sizzler International Inc), Option Agreement (Sizzler International Inc), Option Agreement (Sizzler International Inc)