Common use of Taxes and Tax Withholding Clause in Contracts

Taxes and Tax Withholding. You should consult with your tax advisor concerning the tax consequences of exercising your option. To the extent that the receipt of the option or the Agreement, the vesting of the option or the exercise of the option results in income to Participant for federal, state or local income, employment or other tax purposes with respect to which the Company Group has a withholding obligation, Participant shall deliver to the Company at the time of such receipt, vesting or exercise, as the case may be, such amount of money as the Company Group may require to meet its obligation under applicable tax laws or regulations, and, if Participant fail to do so, the Company Group is authorized to withhold from the shares subject to the option or from any cash or stock remuneration then or thereafter payable to Participant any tax required to be withheld by reason of such taxable income, including (without limitation) shares subject to the option sufficient to satisfy the withholding obligation based on the last per share sales price of the common stock of the Company for the trading day immediately preceding the date that the withholding obligation arises, as reported in the New York Stock Exchange Composite Transactions.

Taxes and Tax Withholding. You should consult with your tax advisor concerning the tax consequences of exercising your optionOption. To the extent that the receipt of the option Option or the Agreement, the vesting of the option Option or the exercise of the option Option results in income to Participant you for federal, state or local income, employment or other tax purposes with respect to which the Company Group has a withholding obligation, Participant shall you will deliver to the Company at the time of such receipt, vesting or exercise, as the case may be, such amount of money as the Company Group may require to meet its obligation under applicable tax laws or regulations, and, if Participant you fail to do so, the Company Group is authorized to withhold from the shares subject to the option Option or from any cash or stock remuneration then or thereafter payable to Participant you any tax required to be withheld by reason of such taxable income, including (without limitation) shares subject to the option Option sufficient to satisfy the withholding obligation based on the last per share sales price of the common stock of the Company for the trading day immediately preceding the date that the withholding obligation arises, as reported in the New York Stock Exchange Composite Transactions.