Common use of Withholding or Deduction for Taxes Clause in Contracts

Withholding or Deduction for Taxes. If at any time specified herein for the issuance or delivery of any Common Stock to the Optionee, any law or regulation of any governmental authority having jurisdiction in the premises shall require the Company to withhold, or to make any deduction for, any taxes or to take any other action in connection with the issuance or delivery then to be made, the issuance or delivery shall be deferred until the withholding or deduction shall have been provided for by the Optionee or beneficiary, or other appropriate action shall have been taken.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc)

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Withholding or Deduction for Taxes. If at any time specified herein for the making of any issuance or delivery of any Common Stock Shares to the Optionee, any law or regulation of any governmental authority having jurisdiction in the premises shall require the Company to withhold, or to make any deduction for, any taxes or to take any other action in connection with the issuance or delivery then to be made, the such issuance or delivery shall be deferred until the such withholding or deduction shall have been provided for by the Optionee or beneficiary, or other appropriate action shall have been taken.

Appears in 1 contract

Samples: Stock Option Agreement (Full House Resorts Inc)

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