Common use of Stock Withholding Clause in Contracts

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Options granted hereunder, the Company, unless notified otherwise by you in writing within thirty (30) days prior to the taxable event, will satisfy the withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction.

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Options granted Restricted Stock awarded hereunder, the CompanyXxxxxx, unless notified otherwise by you in writing within thirty (30) days prior to the taxable event, will satisfy the withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction, unless prohibited by applicable law. Alternatively, or in addition, Xxxxxx may sell or arrange for the sale of Shares that you acquire to meet the withholding obligation.

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Options granted Units awarded hereunder, the CompanyXxxxxx, unless notified otherwise by you in writing within thirty (30) days prior to the taxable event, will satisfy the withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction, unless prohibited by applicable law. Alternatively, or in addition, Xxxxxx may sell or arrange for the sale of Shares that you acquire to meet the withholding obligation.