Common use of Satisfaction of Taxes and Tax Withholding Requirements Clause in Contracts

Satisfaction of Taxes and Tax Withholding Requirements. The COMPANY shall be entitled and is authorized, if the COMMITTEE deems it necessary or desirable, to withhold (or secure payment from the EMPLOYEE in lieu of withholding) as provided in Section 10(e) of the PLAN.

Satisfaction of Taxes and Tax Withholding Requirements. The COMPANY or a subsidiary shall be entitled and is authorized, if the COMMITTEE deems it necessary or desirable, to withhold (or secure payment from the EMPLOYEE OPTIONEE in lieu of withholding) as provided in Section 10(e) of the PLAN. The COMPANY may defer delivery of any SHARES pursuant to the exercise of the OPTION unless indemnified to its satisfaction in this regard.