Common use of Tax Withholding in General Clause in Contracts

Tax Withholding in General. At the time the Option is exercised, in whole or in part, or at any time thereafter as requested by the Company, the Participant hereby authorizes withholding from payroll and any other amounts payable to the Participant, and otherwise agrees to make adequate provision for (including by means of a Cashless Exercise to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Participating Company Group, if any, which arise in connection with the Option. The Company shall have no obligation to deliver shares of Stock until the tax withholding obligations of the Participating Company Group have been satisfied by the Participant.

Appears in 4 contracts

Samples: Stock Option Agreement (Halozyme Therapeutics, Inc.), Stock Option Agreement (Halozyme Therapeutics Inc), Stock Option Agreement (Halozyme Therapeutics Inc)

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Tax Withholding in General. At the time the Option is exercised, in whole or in part, or at any time thereafter as requested by the Company, the Participant you hereby authorizes authorize withholding from payroll and any other amounts payable to the Participantyou, and otherwise agrees agree to make adequate provision for (including by means of a Cashless Exercise to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Participating Company Group, if any, which arise in connection with the Option. The Company shall have no obligation to deliver shares of Stock until the tax withholding obligations of the Participating Company Group have been satisfied by the Participantyou.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (Halozyme Therapeutics, Inc.), Director Stock Option Agreement (Halozyme Therapeutics, Inc.)

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