Common use of Withholding Consents and Legends Clause in Contracts

Withholding Consents and Legends. (a) You shall be solely responsible for any applicable taxes (including, without limitation, income and excise taxes) and penalties, and any interest that accrues thereon, incurred in connection with your Award. The Corporation will withhold shares of Common Stock for the payment of taxes in connection with the vesting of your Award or upon the occurrence of any other event that, in accordance with applicable law, will generate a tax liability with regards to your Award. The Corporation will withhold shares of Common Stock with a value equal to the amount of taxes that the Corporation determines it is required to withhold under applicable laws (with such withholding obligation determined based on any applicable minimum statutory withholding rates). The Corporation will use the Fair Market Value of the Common Stock on the Vesting Date or such other date, as applicable, in order to determine the number of shares to be