Common use of Withholding in Shares Clause in Contracts

Withholding in Shares. If permissible under applicable law, including Local Law, the Company shall have the right, but not the obligation, to require the Participant to satisfy all or any portion of the Tax Obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares having a fair market value, as determined by the Company as of the date on which the Tax Obligations arise, not in excess of the amount of such Tax Obligations determined by the applicable minimum statutory withholding rates.

Withholding in Shares. If permissible under applicable law, including Local Law, the Company shall have the right, but not the obligation, to require the Participant to satisfy all or any portion of the Tax Obligations upon exercise of the Option by deducting from the shares of Stock otherwise deliverable issuable to the Participant in settlement of the Award upon such exercise a number of whole shares having a fair market value, as determined by the Company as of the date on which the Tax Obligations ariseof exercise, not in excess of the amount of such Tax Obligations determined by the applicable minimum statutory withholding rates.

Withholding in Shares. If permissible under applicable law, including Local Law, the Company shall have the right, but not the obligation, to require the Participant to satisfy all or any portion of the Tax Obligations upon exercise of the Option by deducting from the shares of Common Stock otherwise deliverable issuable to the Participant in settlement of the Award upon such exercise a number of whole shares having a fair market value, as determined by the Company as of the date on which the Tax Obligations ariseof exercise, not in excess of the amount of such Tax Obligations determined by the applicable minimum statutory withholding rates.

Withholding in Shares. If permissible under applicable law, including Local Law, the Company shall have the right, but not the obligation, to require the Participant to satisfy all or any portion of the Tax Obligations upon exercise of the Option by deducting from the shares of Stock Shares otherwise deliverable issuable to the Participant in settlement of the Award upon such exercise a number of whole shares Shares having a fair market value, as determined by the Company as of the date on which the Tax Obligations ariseof exercise, not in excess of the amount of such Tax Obligations determined by the applicable minimum statutory withholding rates.