Common use of Withholding for Tax Purposes Clause in Contracts

Withholding for Tax Purposes. Any amount of Common Stock that is payable or transferable to Xxxxx hereunder may be reduced by any amount or amounts which the Company is required to withhold under the then applicable provisions of the Internal Revenue Code of 1986, as amended, or its successors, or any other federal, state, or local tax withholding requirement. If Xxxxx does not elect to satisfy withholding requirements in this fashion, the issuance of the shares of Common Stock transferable to Xxxxx hereunder shall be contingent upon Xxxxx’x satisfaction of any withholding obligations that may apply and Xxxxx’x presentation of evidence satisfactory to the Board that such withholding obligations have been satisfied.

Withholding for Tax Purposes. Any amount of Common Stock that is payable or transferable to Xxxxx Xxxxxx hereunder may be reduced by any amount or amounts which the Company is required to withhold under the then applicable provisions of the Internal Revenue Code of 1986, as amended, or its successors, or any other federal, state, or local tax withholding requirement. If Xxxxx Xxxxxx does not elect to satisfy withholding requirements in this fashion, the issuance of the shares of Common Stock transferable to Xxxxx Xxxxxx hereunder shall be contingent upon Xxxxx’x Xxxxxx’x satisfaction of any withholding obligations that may apply and Xxxxx’x Xxxxxx’x presentation of evidence satisfactory to the Board that such withholding obligations have been satisfied.