PAYMENT OR WITHHOLDING OF TAXES. As a condition to the issuance of Option Shares, the Optionee shall (a) remit to the Company at the time of any exercise of the Option any taxes required to be withheld by the Company under federal, state or local laws as a result of the exercise of the Option, and/or (b) instruct the Company to withhold in accordance with applicable law from any compensation payable to the Optionee the taxes required to be held by the Company under federal, state or local laws result of the exercise of the Option. The determination of the amount of any such withholding shall be made by the Company in its sole discretion.
Appears in 4 contracts
Samples: Nonstatutory Stock Option Agreement (Elecsys Corp), Nonstatutory Stock Option Agreement (Airport Systems International Inc), Nonstatutory Stock Option Agreement (Airport Systems International Inc)
