Common use of Payment of Withholding Tax Clause in Contracts

Payment of Withholding Tax. If, in the opinion of counsel for the Corporation, any federal, state or local taxes or any other charges may now or later be required by law to be withheld by the Corporation or one of its subsidiaries from the wages or salary of the Employee by reason of this Agreement or otherwise with respect to the Common Stock governed hereby, the Employee agrees to pay to the Corporation or such subsidiary, as the case may be, on five days written demand from the Corporation or such subsidiary an amount equal to such withholding tax or charge.

Payment of Withholding Tax. IfIn the event that, in the opinion of counsel for the Corporation, any federalFederal, state or local taxes or any other charges may now or later hereafter be required by law to be withheld by the Corporation or one of its subsidiaries from the wages or salary of the Employee by reason of this Agreement or otherwise with respect to the Common Stock governed hereby, the Employee agrees to pay to the Corporation or such subsidiary, as the case may be, on five days written demand from the Corporation or such subsidiary an amount equal to such withholding tax or charge.

Payment of Withholding Tax. If, in the opinion of counsel for the Corporation, any federal, state state, local or local foreign taxes or any other charges may now or later be required by law to be withheld by the Corporation or one of its subsidiaries Subsidiaries from the wages or salary compensation of the Employee by reason of this Agreement or otherwise with respect to the Common Stock governed herebyCash Award or the cash to be paid to the Employee upon vesting, the Employee agrees to pay to the Corporation or such subsidiarySubsidiary, as the case may be, on five days promptly after written demand from the Corporation or such subsidiary Subsidiary an amount equal to such withholding tax or charge.