Tax Loans. The Company may, in its discretion and to the extent permitted by law, authorize a loan to the Optionee in the amount of any taxes which the Company may be required to withhold with respect to shares of Common Stock received (or disposed of, as the case may be) pursuant to a transaction described in Section 4.1. Such a loan shall be for a term, at a rate of interest and pursuant to such other terms and conditions as the Company, under applicable law may establish.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Meade Instruments Corp), Nonqualified Stock Option Agreement (Meade Instruments Corp), Nonqualified Stock Option Agreement (Meade Instruments Corp)
