Common use of Share Withholding Clause in Contracts

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Option, Optionee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the Optionee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the Optionee.

Appears in 15 contracts

Samples: Nonstatutory Stock Option Agreement (Synthesis Energy Systems Inc), Nonstatutory Stock Option Agreement (Synthesis Energy Systems Inc), Nonstatutory Stock Option Agreement (Synthesis Energy Systems Inc)

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Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Optionthis Agreement, Optionee Grantee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of Stock having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeGrantee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share share of Stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeGrantee.

Appears in 13 contracts

Samples: Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Optionthis grant, Optionee Participant may elect, subject to the approval of the Board or Committee in its sole discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of common stock having a Fair Market Value fair market value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeParticipant, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share share of common stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeParticipant.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Endeavour International Corp), Corporation Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Agreement (Endeavour International Corp)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Option, Optionee Grantee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of Common Stock having a Fair Market Value fair market value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeGrantee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share share of Common Stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeGrantee.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Endeavour International Corp), Endeavour International Corporation Nonstatutory Stock Option Agreement (Endeavour International Corp), Endeavour International Corporation Nonstatutory Stock Option Agreement (Endeavour International Corp)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Optionthis Agreement, Optionee Grantee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of Common Stock having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeGrantee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeGrantee.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Petroquest Energy Inc), Restricted Stock Agreement (Petroquest Energy Inc), Restricted Stock Agreement (Petroquest Energy Inc)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Optionthis grant, Optionee Participant may elect, subject to the approval of the Board or Committee in its sole discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of common stock having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeParticipant, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share share of common stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeParticipant.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp)

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Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Option, Optionee Participant may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeParticipant, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the OptioneeParticipant.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Endeavour International Corp), Nonstatutory Stock Option Agreement (Endeavour International Corp)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Option, Optionee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the Optionee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the Optionee.. [Signature Page Follows]

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Omega Protein Corp)

Share Withholding. With respect to tax withholding required upon the exercise of Stock Options or upon any other taxable event arising as a result of the Stock Option, Optionee Grantee may elect, subject to the approval of the Committee in its discretion, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares of Common Stock having a Fair Market Value fair market value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be made in writing, signed by the OptioneeGrantee, and shall be subject to any restrictions or limitations that the Committee, in its discretion, deems appropriate. Any fraction of a Share share of Common Stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash by the Optionee.Grantee. [Signature Page Follows]

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Endeavour International Corp)

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