Common use of Tax Obligation Clause in Contracts

Tax Obligation. In addition to paying the Purchase Price, you must also pay StorageTek or any designated subsidiary any amount StorageTek or any of its subsidiaries is required to collect for tax withholding. In its sole discretion, StorageTek may allow or require you to pay all or a portion of the tax withholding by means of: (a) payroll deduction; (b) direct payment; or (c) withholding from Shares otherwise issuable to you, Shares having a value equal to or less than the minimum statutory tax withholding rates.

Tax Obligation. In addition to paying the Purchase Price, you You must also pay StorageTek or any designated subsidiary any amount StorageTek or any of its subsidiaries is required to collect for tax withholdingwithholding in connection with this Option. In its sole discretion, StorageTek may allow or require you to pay all or a portion of the tax withholding by means of: (a) payroll deduction; (b) direct payment; or (c) withholding from Shares otherwise issuable to you, Shares StorageTek retaining shares having a value equal to the amount of the required withholding. If you are exercising by means of a cashless exercise, as described in Section 7, you will be required to either have additional shares withheld or less than sell additional shares to cover the minimum statutory required tax withholding rateswithholding.