Common use of Withholding for Taxes Clause in Contracts

Withholding for Taxes. It shall be a condition precedent to any exercise of the Option that Grantee make provision acceptable to the Company Board for the payment or withholding of any and all federal, state and local taxes required to be withheld by the Company (or by TCI, if applicable) to satisfy the tax liability associated with such exercise, as determined by the Company Board.

Withholding for Taxes. It shall be a condition precedent to any exercise of the Option that Grantee make provision acceptable to the Company Board for the payment or withholding of any and all federal, state and local taxes required to be withheld by the Company (or by TCI, if applicable) to satisfy the tax liability associated with such exercise, as determined by the Company Board.