Common use of Certain Tax Consequences Clause in Contracts

Certain Tax Consequences. ▇▇▇▇▇▇▇ acknowledges that the exercise of the Option Award and any sale of the Purchased Shares may have various tax consequences under federal and state law. ▇▇▇▇▇▇▇ has discussed these consequences with his personal tax advisor. Grantee may be required to report the grant of the Option Award to the Internal Revenue Service and/or to state tax authorities under applicable state law. The Company is not obligated to deliver Shares upon the exercise of any Option Award issued under the Plan until all applicable federal, state, local and foreign income and employment tax withholding requirements have been satisfied. In accordance with the foregoing, the Company has the right to withhold sums from compensation otherwise due to Grantee to satisfy such withholding requirements.

Certain Tax Consequences. ▇G▇▇▇▇▇▇ acknowledges that the exercise of the Option Award and any sale of the Purchased Shares may have various tax consequences under federal and state law. ▇G▇▇▇▇▇▇ has discussed these consequences with his personal tax advisor. Grantee may be required to report the grant of the Option Award to the Internal Revenue Service and/or to state tax authorities under applicable state law. The Company is not obligated to deliver Shares upon the exercise of any Option Award issued under the Plan until all applicable federal, state, local and foreign income and employment tax withholding requirements have been satisfied. In accordance with the foregoing, the Company has the right to withhold sums from compensation otherwise due to Grantee to satisfy such withholding requirements.