Common use of Federal and State Taxes Clause in Contracts

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, and the Company may be required by law to withhold taxes for payment to taxing authorities. Upon determination by the Company of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, state and local tax withholding requirements to the Company.

Appears in 9 contracts

Samples: Non Qualified Stock Option Agreement (SSP Solutions Inc), Qualified Stock Option Agreement (SSP Solutions Inc), Qualified Stock Option Agreement (SSP Solutions Inc)

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Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company may be required by law to withhold taxes for payment to taxing authorities. Upon determination by the Company of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, federal state and local tax withholding requirements to the Company.

Appears in 8 contracts

Samples: Stock Option Plan Incentive Stock Option Agreement (SSP Solutions Inc), Plan Non Qualified Stock Option Agreement (Raptor Networks Technology Inc), Incentive Stock Option Agreement (I/Omagic Corp)

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federalFederal, state and local tax withholding requirements to the Company.

Appears in 5 contracts

Samples: White Electronic (White Electronic Designs Corp), 2001 Director Stock Plan Non Qualified Stock Option Agreement (White Electronic Designs Corp), White Electronic Designs (White Electronic Designs Corp)

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company of the amount of taxes required to be withheld, if any, with respect to the shares Shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, Federal state and local tax withholding requirements to the Company.

Appears in 3 contracts

Samples: Option Agreement (Temecula Valley Bancorp Inc), Option Agreement (Temecula Valley Bancorp Inc), Incentive Stock Option Agreement (Temecula Valley Bancorp Inc)

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company Bank may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company Bank of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, state and local tax withholding requirements to the CompanyBank.

Appears in 1 contract

Samples: Incentive Stock Option Plan Agreement (Temecula Valley Bancorp Inc)

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Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company Bancorp may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company Bancorp of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, state and local tax withholding requirements to the CompanyBancorp.

Appears in 1 contract

Samples: Incentive Stock Option Plan Agreement (Temecula Valley Bancorp Inc)

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, federal state and local tax withholding requirements to the Company.

Appears in 1 contract

Samples: Option Plan Non Qualified Stock Option Agreement (Biogan International Inc)

Federal and State Taxes. Upon exercise of the Option, or any part thereof, the Optionee may incur certain liabilities for federal, state or local taxes, taxes and the Company Bank may be required by law to withhold such taxes for payment to taxing authorities. Upon determination by the Company Bank of the amount of taxes required to be withheld, if any, with respect to the shares to be issued pursuant to the exercise of the Option, the Optionee shall pay all federal, Federal state and local tax withholding requirements to the CompanyBank.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Temecula Valley Bancorp Inc)

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