Common use of Withholding Arrangements Clause in Contracts

Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (a) electing to have the Company withhold otherwise deliverable Shares, or (b) delivering to the Company already-owned Shares having a Fair Market Value equal to the minimum amount required to be withheld. SECTION 14 LEGAL CONSTRUCTION

Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Sharescash or Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, or (bc) delivering to the Company already-owned Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld. SECTION 14 LEGAL CONSTRUCTIONThe Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.