Common use of Tax Withholding Liability Clause in Contracts

Tax Withholding Liability. Payment of the Exercise Price and Tax Withholding Liability shall be made by check or bank draft payable to the order of the Company or by wire transfer to the account of the Company. The shares so purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "Exercise Date").