Common use of Required Tax Withholding Obligations Clause in Contracts

Required Tax Withholding Obligations. The Employer may require payment by the Executive or withhold any income or employment tax which the Employer reasonably determines is payable as a result of the exercise of the Option or any payments thereon or in connection therewith, and the Employer may defer issuing the Option Shares to the Executive until arrangements satisfactory to the Employer have been made with regard to any such withholding obligation. The Employer, in its sole discretion, may withhold a portion of the Option Shares to satisfy such withholding obligations.

Required Tax Withholding Obligations. The Employer may require payment by the Executive or withhold any income or employment tax which the Employer reasonably determines believes is payable as a result of the exercise grant or vesting of the Option Restricted Shares or any payments thereon or in connection therewith, and the Employer may defer issuing releasing the Option Restricted Shares to into the custody of the Executive until arrangements satisfactory to the Employer have been made with regard to any such withholding obligation. The Employer, in its sole discretion, Employer may withhold or repurchase a portion of the Option Restricted Shares to satisfy such withholding obligations.