Common use of Withholding Requirements Clause in Contracts

Withholding Requirements. Upon exercise of the Option by the Optionee and prior to the delivery of shares purchased pursuant to such exercise, the Company shall have the right to require the Optionee to remit to the Company cash in an amount sufficient to satisfy applicable federal and state tax withholding requirements. The Company shall inform the Optionee as to whether it will require the Optionee to remit cash for withholding taxes in accordance with the preceding sentence within two (2) business days after receiving from the Optionee notice that such Optionee intends to exercise, or has exercised, all or a portion of the Option.

Appears in 17 contracts

Samples: Non Qualified (Arctic Cat Inc), Non Qualified Stock Option Agreement (M Wave Inc), Stock Option Agreement (Arctic Cat Inc)

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Withholding Requirements. Upon exercise of the Option by the Optionee and prior to the delivery of shares Option Shares purchased pursuant to such exercise, the Company shall have the right to require the Optionee to remit to the Company cash or shares of Common Stock in an amount sufficient to satisfy applicable federal and state tax withholding requirements. The Company shall inform the Optionee as to whether it will require the Optionee to remit cash for withholding taxes in accordance with the preceding sentence shall, within two (2) business days after receiving from the Optionee notice that such Optionee intends to exercise, or has exercised, all or a portion of the Option, inform the Optionee as to whether it will require the Optionee to remit cash or Common Stock for withholding taxes in accordance with the preceding sentence.

Appears in 6 contracts

Samples: Employee Non Disclosure and Non Compete Agreement, Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement (Dais Analytic Corp)

Withholding Requirements. Upon exercise of the Option by the Optionee and prior to the delivery of shares purchased pursuant to such exercise, the Company Corporation shall have the right to require the Optionee to remit to the Company Corporation cash in an amount sufficient to satisfy applicable federal Federal and state tax withholding requirements. The Company Corporation shall inform the Optionee as to whether it will require the Optionee to remit cash for withholding taxes in accordance with the preceding sentence within two (2) business days after receiving from the Optionee written notice that such Optionee intends to exercise, or has exercised, exercise all or a portion of the OptionOption in accordance with Section 8.

Appears in 1 contract

Samples: Stock Option Agreement (Ivivi Technologies, Inc.)

Withholding Requirements. Upon exercise of the Option by the Optionee and prior to the delivery of shares purchased pursuant to such exercise, the Company shall have the right to require the Optionee to remit to the Company cash in an amount sufficient to satisfy applicable federal and state tax withholding requirements. The Company shall inform the Optionee as to whether it will require the Optionee to remit cash for withholding taxes in accordance with the preceding sentence within two (2) business days after receiving from the Optionee notice that such Optionee intends to exercise, or has exercised, all or a portion of the Option. 10.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Transport Corporation of America Inc)

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Withholding Requirements. Upon exercise of the Option by the Optionee and prior to the delivery of shares the Shares purchased pursuant to such exercise, the Company shall have the right to require the Optionee to remit to the Company cash in an amount sufficient to satisfy applicable federal and state tax withholding requirements. The Company shall inform the Optionee as to whether it will require the Optionee to remit cash for withholding taxes in accordance with the preceding sentence within two (2) business days after receiving from the Optionee notice that such Optionee intends to exercise, or has exercised, all or a portion of the Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (US BioEnergy CORP)

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