Payment of Income Taxes. The Company or any applicable subsidiary may deduct and withhold from the wages, salary, bonus and other income paid by the Company or such subsidiary to Optionee the requisite tax upon the amount of taxable income, if any, recognized by Optionee in connection with the exercise of the Option or the sale of Common Stock issued upon the exercise of the Option, all as may be required from time to time under any federal or state tax laws and regulations. This withholding of tax shall be made from the Company’s or such subsidiary’s concurrent or next payment of wages, salary, bonus or other income to Optionee or by payment to the Company or such subsidiary by Optionee of the required withholding tax, as the Board may determine.
Appears in 4 contracts
Samples: Restricted Stock Purchase Agreement (AutoGenomics, Inc.), Restricted Stock Purchase Agreement (AutoGenomics, Inc.), Restricted Stock Purchase Agreement (AutoGenomics, Inc.)
