Common use of Payment of Withholding Taxes Clause in Contracts

Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.

Appears in 18 contracts

Samples: 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc), 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc), 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc)

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Payment of Withholding Taxes. If the Company becomes obligated ---------------------------- to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (United Panam Financial Corp), Qualified Stock Option Agreement (Keystone Automotive Industries Inc)

Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income or payroll tax, or any F.I.C.A.then, state disability insurance tax or other employment taxin accordance with Section 8.6 of the Plan, then Participant shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Youbet Com Inc), Incentive Stock Option Agreement (Youbet Com Inc)

Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income or payroll tax, or any F.I.C.A.then, state disability insurance tax or other employment taxin accordance with Section 8.6 of the Plan, then the Participant shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the CompanyCompany or discharge such obligation in any other manner permitted by Section 8.6 of the Plan.

Appears in 2 contracts

Samples: Option Agreement (Global Pari-Mutuel Services, Inc.), Option Agreement (Global Pari-Mutuel Services, Inc.)

Payment of Withholding Taxes. If the Company becomes obligated ---------------------------- to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Employee shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (United Panam Financial Corp), Incentive Stock Option Agreement (Keystone Automotive Industries Inc)

Payment of Withholding Taxes. If the Company becomes obligated to ---------------------------- withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any foreign or U.S. federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Employee shall, on as a condition to exercising the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authorityoption, pay such amount to the Company in cash or by check payable to the Company.

Appears in 2 contracts

Samples: New Stock Option Agreement (Virata Corp), Stock Option Agreement (Virata Corp)

Payment of Withholding Taxes. If the Company becomes is obligated to ---------------------------- withhold an amount on account of any federal, state or local tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local state or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Optionee shall, on the first day upon which the Company becomes obligated to pay concurrently with such amount to the appropriate taxing authorityexercise, pay such amount to the Company in cash or by cashier's or certified bank check payable to the Company.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Standard Pacific Corp /De/), Non Qualified (Standard Pacific Corp /De/)

Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Grantee shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to any manner permitted in Section 4 hereof for payment of the CompanyExercise Price.

Appears in 1 contract

Samples: Data Documents Incorporated (Data Documents Inc)

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Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Grantee shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.pay

Appears in 1 contract

Samples: Data Documents Incorporated (Data Documents Inc)

Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local or other income or payroll tax, or any F.I.C.A.then, state disability insurance tax or other employment taxin accordance with Section 8.6 of the Plan, then the Participant shall, on the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authority, pay such amount to the Company in cash or by check payable to the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Youbet Com Inc)

Payment of Withholding Taxes. (a) If the Company or Employer becomes obligated to withhold an amount on account of any tax imposed as a result of the exercise of the Option, including, without limitation, any foreign or U.S. federal, state, local or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Employee shall, on as a condition to exercising the first day upon which the Company becomes obligated to pay such amount to the appropriate taxing authorityoption, pay such amount to the Company or Employer in cash or by check payable to the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Virata Corp)

Payment of Withholding Taxes. If the Company becomes is obligated to withhold ---------------------------- an amount on account of any federal, state or local tax imposed as a result of the exercise of the Option, including, without limitation, any federal, state, local state or other income tax, or any F.I.C.A., state disability insurance tax or other employment tax, then Participant Optionee shall, on the first day upon which the Company becomes obligated to pay concurrently with such amount to the appropriate taxing authorityexercise, pay such amount to the Company in cash or by cashier's or certified bank check payable to the Company.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Standard Pacific Corp /De/)

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