Common use of Withholding Tax Liability Clause in Contracts

Withholding Tax Liability. The Optionee understands and agrees that the company may be required to withhold part or all of the Optionee's regular compensation to pay any taxes required to be withheld under federal, state, or local law as a result of the exercise of this Option, and that if such regular compensation is insufficient, the Company may require the Optionee, as a condition of exercise of this Option, to pay in cash the amount of such withholding tax liability.

Withholding Tax Liability. The Optionee understands and agrees that the company Company may be required to withhold part or all of the Optionee's regular compensation to pay any taxes required to be withheld under federal, state, or local law as a result of the exercise of this Option, and that if such regular compensation is insufficient, the Company may require the Optionee, as a condition of exercise of this Option, to pay in cash the amount of such withholding tax liability.