Withholding of Applicable Taxes. It shall be a condition to the Company’s obligation to deliver of the Settlement Shares to the Employee that all applicable federal, state, or local withholding or employment taxes (such amount, the “Withholding Amount”) must first be satisfied. The Employee agrees that the Company, or any Affiliate, as the case may be, will have the right to withhold from the Settlement Shares a sufficient number of shares of Common Stock to be sold in order to satisfy in full the Withholding Amount on behalf of the Employee.
Appears in 3 contracts
Samples: Stock Incentive Plan Restricted Stock Unit Agreement (Osi Pharmaceuticals Inc), Stock Incentive Plan Restricted Stock Unit Agreement (Osi Pharmaceuticals Inc), Stock Incentive Plan Restricted Stock Unit Agreement (Osi Pharmaceuticals Inc)
Withholding of Applicable Taxes. It shall be a condition to the Company’s obligation to deliver of the Settlement Shares to the Employee Director that all applicable federal, state, or local withholding or employment taxes (such amount, the “Withholding Amount”) must first be satisfied. The Employee Director agrees that the Company, or any Affiliate, as the case may be, will have the right to withhold from the Settlement Shares a sufficient number of shares of Common Stock to be sold in order to satisfy in full the Withholding Amount on behalf of the EmployeeDirector.
Appears in 1 contract
Samples: Stock Incentive Plan Restricted Stock Unit Agreement (Osi Pharmaceuticals Inc)
