Common use of Election to Withhold Shares Clause in Contracts

Election to Withhold Shares. If the Board so permits, the Holder may elect to satisfy the Company's income tax withholding obligation with respect to an issuance by the Company hereunder by having Shares withheld up to an amount that does not exceed the minimum applicable withholding tax rate applicable to the Holder for federal (including FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Board and may be subject to the prior approval of the Board.

Election to Withhold Shares. If the Board so permits, the Holder you may elect to satisfy the Company's ’s income tax withholding obligation with respect to an issuance by the Company hereunder a Grant by having Shares shares withheld up to an amount that does not exceed the your minimum applicable withholding tax rate applicable to the Holder for federal (including FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Board and may be subject to the prior approval of the Board.