Common use of By Tendering Shares Clause in Contracts

By Tendering Shares. Unless Participant elects to satisfy the Tax Withholding Obligation by an alternative means in accordance with Paragraph 7(b)(ii), Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to tender to the Company for repurchase the number of Restricted Shares from those Restricted Shares already issued to Participant at or about the time when the Award becomes vested as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.

By Tendering Shares. Unless Participant elects to satisfy the Tax Withholding Obligation by an alternative means in accordance with Paragraph 7(b)(ii), Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to tender to the Company for repurchase the number of Restricted Shares from those Restricted Shares already issued to Participant at or about the time when the Award becomes vested as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.