Common use of Satisfaction of Withholding Requirements Clause in Contracts

Satisfaction of Withholding Requirements. The Participant may satisfy the withholding requirements with respect to the Restricted Stock pursuant to any one or combination of the following methods: (i) payment in cash; or (ii) if and to the extent permitted by the Board or the Committee, payment by surrendering unrestricted previously held Awards which have a value equal to the required withholding amount or the withholding of Awards that otherwise would be deliverable to the Participant pursuant to this Award Agreement.