Withholding and Deductions. Notwithstanding anything to the contrary contained herein, if at any time specified herein for the making of any payment of cash or any delivery of Common Shares to the Optionee, any law or regulation of any governmental authority having jurisdiction in the premises shall require the Corporation to withhold, to make any deduction for any taxes or take any other action in connection with the payment or delivery then to be made, such payment or delivery, as the case may be, shall be deferred until such withholding or deduction shall have been adequately provided for, in the opinion of the Board of Directors of the Corporation.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement (Hirsch International Corp), Non Qualified Stock Option Agreement (Hirsch International Corp), Non Qualified Stock Option Agreement (Hirsch International Corp)
