Common use of Withholding Generally Clause in Contracts

Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may require the Participant to remit to the Company an amount sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under this Plan, payments in satisfaction of Awards are to be made in cash, such payment will be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements.

Appears in 2 contracts

Samples: 2000 Equity Incentive Plan (Quatrx Pharmaceuticals Co), Employment Agreement (Castelle \Ca\)

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Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may require the a Participant to remit to the Company an amount sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under this Plan, payments in satisfaction of Awards are to be made in cash, such payment will be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements.

Appears in 2 contracts

Samples: Settlement Agreement (Commerce Energy Group Inc), Settlement Agreement (Commerce Energy Group Inc)

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