Examples of Share Withholding Election in a sentence
Either (i) the minimum amount of withholding taxes arising because of the recognition of income (and consequent non-deferral of income) with respect to such withheld Shares, or (ii) the amount of withholding taxes arising because of the recognition of income (and consequent non-deferral of income) with respect to such withheld Shares, calculated at the highest applicable marginal tax rates, as indicated on the Share Withholding Election.
A Share Withholding Election must be in writing and must be delivered to the Company no later than with the delivery of the notice of exercise of the option.
An optionee may, in the discretion of the Plan Administrator, elect to pay the exercise price of an option, in whole or in part, by requesting that the Company withhold shares of stock otherwise issuable to the optionee having a fair market value equal to the portion of the exercise price of the option being paid pursuant to such election (a "Share Withholding Election").
An optionee may, in the discretion of the Committee, elect to pay the exercise price of an option, in whole or in part, by requesting that the Company withhold shares of stock otherwise issuable to the optionee having a fair market value equal to the portion of the exercise price of the option being paid pursuant to such election (a "Share Withholding Election").
The Share Withholding Election shall be subject to approval by the Committee, which approval may be granted or withdrawn at any time prior to the exercise date of the option.
Notwithstanding the foregoing, a Share Withholding Election to satisfy withholding obligations arising from the vesting of Shares under the Grant may not occur during the 6-month period following the Date of Grant and no Share Withholding Election attempting to effect the withholding of Shares within such 6-month period shall be effective.
Notwithstanding the foregoing, the withholding of shares in payment of the exercise price of an option may not occur during the six-month period following the date on which such option was granted, and no Share Withholding Election attempting to effect a withholding of shares within such six-month period shall be effective.
A Share Withholding Election made at least 6 months prior to the Tax Date may be either a “standing” election requesting the withholding of otherwise issuable Shares with respect to the Grant’s future vesting (if any) or a “one-time” election with respect to certain vesting of the Grant.
Option Shares" mean the Shares that are subject to the portion of ------------ an Option as to which an Initial Election or Subsequent Election is in effect as adjusted to reflect a Share Withholding Election.