Common use of Mandatory Withholding for Taxes Clause in Contracts

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock (valued at the Fair Market Value of such Common Stock on the date of exercise) that is equal to the amount of all federal, state and other governmental taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Liberty Media Corp), Nonqualified Stock Option Agreement (Liberty Expedia Holdings, Inc.), Nonqualified Stock Option Agreement (Liberty Media Corp)

AutoNDA by SimpleDocs

Mandatory Withholding for Taxes. The Grantee Awardee acknowledges and agrees that the Company will deduct from the shares of Common Stock Shares otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock Shares (valued at the Fair Market Value of such Common Stock Shares on the date of exercise) that is equal to the amount of all federal, state and other governmental taxes required to be withheld by the Company or any Subsidiary subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee Awardee elects to make payment of the applicable Base Exercise Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such Base Exercise Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 7 contracts

Samples: Stock Option Agreement (CommerceHub, Inc.), Stock Option Agreement (CommerceHub, Inc.), Stock Option Agreement (CommerceHub, Inc.)

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock (valued at the Fair Market Value of such Common Stock on the date of exercise) that is equal to the amount of all federal, state and other governmental local taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such the Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Starz), Nonqualified Stock Option Agreement (Liberty Media Corp), Nonqualified Stock Option Agreement (Liberty Media Corp)

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock (valued at the Fair Market Value of such Common Stock on the date of exercise) that is equal to the amount of all national, federal, state and other governmental taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Liberty TripAdvisor Holdings, Inc.), Nonqualified Stock Option Agreement (Liberty Broadband Corp), Nonqualified Stock Option Agreement (Gci Liberty, Inc.)

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common LINTA Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common LINTA Stock (valued at the Fair Market Value of such Common LINTA Stock on the date of exercise) that is equal to the amount of all federal, state and other governmental local taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such the Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its the Company's determination of the Required Withholding Amount.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Liberty Interactive Corp), Non Qualified Stock Option Agreement (Liberty Interactive Corp)

AutoNDA by SimpleDocs

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock (valued at the Fair Market Value of such Common Stock on the date of exercise) that is equal to the amount of all national, federal, state and other governmental taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such the Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Qurate Retail, Inc.)

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common Stock otherwise payable or deliverable upon exercise of any Options that number of shares of the applicable Common Stock (valued at the Fair Market Value of such Common Stock on the date of exercise) that the value of which is equal to the amount of all federal, state and other governmental taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (CommerceHub, Inc.)

Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of Common LINTA Stock otherwise payable or deliverable upon exercise of any Options Options, that number of shares of the applicable Common LINTA Stock (valued at the Fair Market Value of such Common LINTA Stock on the date of exercise) that is equal to the amount of all federal, state and other governmental local taxes required to be withheld by the Company or any Subsidiary of the Company upon such exercise, as determined by the Company (the “Required Withholding Amount”), unless provisions to pay such Required Withholding Amount have been made to the satisfaction of the Company. If the Grantee elects to make payment of the applicable Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay such the Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of its the Company's determination of the Required Withholding Amount.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Liberty Interactive Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.