Common use of Withholding; Tax Matters Clause in Contracts

Withholding; Tax Matters. (a) The Participant acknowledges that the Company shall require the Participant to pay the Company in cash the amount of any applicable local, state, federal, foreign or other tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, if any, and the Participant agrees, as a condition to the grant of the Option and delivery of the Shares or any other benefit, to satisfy such obligations as applicable. Notwithstanding the foregoing, the Committee may establish procedures to permit the Participant to satisfy such obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Option, by electing (the “election”) to have the Company withhold Shares of Common Stock from the Shares to which the Participant is entitled to the extent determined permissible pursuant to Applicable Laws. The number of Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Committee in accordance with election procedures established by the Committee.

Withholding; Tax Matters. (a) The Participant acknowledges that the Company Administrator and/or Corporation shall require the Participant to pay the Company Corporation in cash the amount of any applicable local, state, federal, foreign or other tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, if any, and the Participant agrees, as a condition to the grant of the Option and delivery of the Shares or any other benefit, to satisfy such obligations as applicableobligations. Notwithstanding the foregoing, the Committee Administrator may in its discretion establish procedures to permit the Participant to satisfy such obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Option, by electing (the “election”) to have the Company Corporation withhold Shares shares of Common Stock from the Shares to which the Participant is entitled to the extent determined permissible pursuant to Applicable Lawsotherwise entitled. The number of Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Committee Administrator in accordance with election procedures established by the CommitteeAdministrator.

Withholding; Tax Matters. (a) The Participant acknowledges that the Company shall require the Participant or other person to pay to the Company in cash the amount of any applicable local, state, federal, foreign or other tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, if any, and the Participant agrees, as a condition to the grant of the Option Award and delivery receipt of all or a portion of the Shares or any other benefitShares, to satisfy such obligations as applicableobligations. Notwithstanding the foregoing, if the Committee Board so determines and subject to such procedures as may establish procedures to permit be established by the Board, the Participant to may satisfy such obligations obligation in whole or in part, and any other local, state, federal, federal or foreign or other income tax obligations relating to the OptionAward, by electing (the “election”) to have the Company withhold Shares shares of Common Stock from the Shares to which the Participant is entitled to the extent determined permissible pursuant to Applicable Lawsentitled. The number of the Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Committee Company in accordance with election procedures established by the CommitteeBoard.

Withholding; Tax Matters. (a) The Participant acknowledges that the Company shall require the Participant to pay the Company in cash the amount of any applicable local, state, federal, foreign or other tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, if any, and the Participant agrees, as a condition to the grant of the Option Award and delivery of the Shares or any other benefit, to satisfy such obligations as applicable. Notwithstanding the foregoing, the Committee may establish procedures to permit the Participant to satisfy such obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the OptionAward, by electing (the “election”) to have the Company withhold Shares of Common Stock from the Shares to which the Participant is entitled to the extent determined permissible pursuant to Applicable Lawsentitled. The number of Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Committee in accordance with election procedures established by the Committee.

Withholding; Tax Matters. (a) The Participant acknowledges that if he or she is an Employee, the Company Corporation shall require the Participant to pay the Company Corporation in cash the amount of any applicable local, state, federal, foreign or other tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, if any, and the Participant agrees, as a condition to the grant of the Option Award and delivery of the Shares or any other benefit, to satisfy such obligations as applicableobligations. Notwithstanding the foregoing, the Committee Corporation may establish procedures to permit the Participant to satisfy such obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the OptionAward, by electing (the “"election”") to have the Company Corporation withhold Shares shares of Common Stock from the Shares to which the Participant is entitled to the extent determined permissible pursuant to Applicable Lawsentitled. The number of Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Committee Administrator in accordance with election procedures established by the CommitteeAdministrator.