Common use of Withholding for Taxes Clause in Contracts

Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's check, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement for Employees (Racom Systems Inc), Incentive Stock Option Agreement (Carbon Energy Corp), Incentive Stock Option Agreement (Carbon Energy Corp)

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Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's check, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement for Employees (Racom Systems Inc), Nonqualified Stock Option Agreement (Carbon Energy Corp), Nonqualified Stock Option Agreement (Carbon Energy Corp)

Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's checkpersonal check to the order of the Company, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company or the Subsidiary by whom Optionee is employed shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Scotts Liquid Gold Inc), Scotts Liquid Gold Inc

Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's ’s check, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's ’s obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 2 contracts

Samples: Stock Option Agreement (Exabyte Corp /De/), Stock Option Agreement (Exabyte Corp /De/)

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Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's check, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or the Limited SAR or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 1 contract

Samples: Incentive Stock Option Agreement for Employees (Racom Systems Inc)

Withholding for Taxes. Optionee shall reimburse the Company, in cash or by certified or bank cashier's check, for any federal, state or local taxes required by law to be withheld with respect to the exercise of the Option or any disqualifying disposition of the Common Stock acquired upon exercise of the Option. The Company or the Subsidiary by whom Optionee is employed shall have the right to deduct from any salary or other payments to be made to Optionee any federal, state or local taxes required by law to be so withheld. The Company's obligation to deliver a certificate representing the Common Stock acquired upon exercise of the Option is subject to the payment by Optionee of any applicable federal, state and local withholding tax.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Scotts Liquid Gold Inc)

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