Taxation and Tax Withholding. (a) No Section 83(b) Election. Executive agrees not to file an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), to be taxed with respect to the Restricted Property as of the date of transfer of the Restricted Property rather than as of the date upon which the Executive would otherwise be taxed under Section 83(a) of the Code.
Taxation and Tax Withholding