Tax Withholding. The Company and its Affiliates shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company or an Affiliate, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.
Tax Withholding.Withholding Taxes. The Company or an Affiliate shall be entitled to: # withhold and its Affiliates shall have the authority and the right to deduct or withhold, or requirefrom future wages of a Participant (or from other amounts that may be due and owing to remit toa Participant from the Company or an Affiliate, an amount sufficientAffiliate), including all payments under this Plan, or make other arrangements for the collection of (including through the sale of Shares otherwise issuable pursuant to the applicable Award), all legally required amounts necessary to satisfy any and all federal, state, local and foreign taxes (includingwithholding and employment-related tax requirements attributable to an Award, including, without limitation, the Participant's social security, Medicare andgrant, exercise or vesting of, or payment of dividends with respect to, an Award or a disqualifying disposition of Shares received upon exercise of an Incentive Stock Option; or # require a Participant promptly to remit the amount of such withholding to the Company before taking any other employment tax obligation) required by law to be withheldaction with respect to any taxable event concerning a Participant arising in connection with anyan Award. The AdministratorTo the extent specified by the Committee, withholding may in its sole discretion and in satisfactionbe satisfied by withholding Shares to be received upon exercise or vesting of the foregoing requirement allow a Participantan Award or by delivery to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company of previously owned Shares. In addition, the Company may reasonably delay the issuance or an Affiliate withholddelivery of Shares otherwise issuable underpursuant to an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limitedas it determines appropriate to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, foraddress tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.and other administrative matters.
Tax Withholding. The Company and its Affiliates shall have the authorityright to make all payments or distributions pursuant to the Plan to a Participant (or a Permitted Assignee thereof) (any such person, a “Payee”) net of any applicable federal, state and local taxes required to be paid or withheld as a result of # the grant of any Award, # the exercise of an Option or Stock Appreciation Right, # the delivery of Shares or cash, # the lapse of any restrictions in connection with any Award or # any other event occurring pursuant to the Plan. The Company or any Subsidiary shall have the right to withhold from wages or other amounts otherwise payable to such Payee such withholding taxes as may be required by law, or to otherwise require the Payee to pay such withholding taxes. If the Payee shall fail to make such tax payments as are required, the Company or its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Payee or withhold,to take such other action as may be necessary to satisfy such withholding obligations. The Committee shall be authorized to establish procedures for election by Participants to satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or require a Participantby attestation, valued at their then Fair Market Value), or by directing the Company to remitretain Shares (up to the CompanyParticipant’s minimum required tax withholding rate or an Affiliate, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant's social security, Medicare and anysuch other employment tax obligation) required by law to be withheld with respect to any taxable event concerningrate that will not trigger a Participant arisingnegative accounting impact) otherwise deliverable in connection with anythe Award. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.
Tax Withholding. The Company and its Affiliates shall have the authority and the right to deduct or withhold,withhold or require a Participant to remit to the Company or an Affiliate, an amount sufficient to satisfy federal,separate payment of all Federal, state, local and foreignor other taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheldor payments with respect to any taxableAward or payment made under the Plan. Such amounts shall be withheld or paid prior to the delivery of any certificate representing Shares or any other Award subject to such withholding. Such a payment may be made by the delivery of cash (or other consideration acceptable to the Company, including, if acceptable, Shares having a Fair Market Value equal to the withholding obligation) to the Company in an amount that equals or exceeds the withholding obligation of the Company. In the event concerningof a transfer of an Award, the Participant arising in connection with any Award. The Administrator maywho assigns the Award shall remain subject to withholding taxes or similar obligations upon exercise of the Award by the transferee to the extent required by the Code or other applicable laws. All determinations of withholding liability under this Section shall be made by the Company in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited tobinding upon the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.Participant.
Tax Withholding.Withholding Taxes. The Company andor any of its Affiliatessubsidiaries shall have the authority and the right to deductretain and withhold the amount of taxes required by any government to be withheld or withhold, or require a Participantotherwise deducted and paid with respect to remit tothe Award Shares, provided that the Company or an Affiliate, ana subsidiary shall withhold only the minimum amount sufficientnecessary to satisfy federal, state, local and foreignapplicable statutory withholding requirements unless the Participant has elected to have an additional amount (up to the maximum allowed by law) withheld. At its discretion, the Committee may require the Participant to reimburse the Company for any such taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company and to withhold any distribution in whole or an Affiliate withhold Shares otherwise issuable under an Award (or allowin part until the surrenderCompany is so reimbursed. In accordance with procedures established by the Committee, the Participant or any successor in interest is authorized to deliver shares of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which haveStock having a Fair Market Value on the date of withholding or repurchase no greater thanthat the aggregate amount of tax to be withheld is to be determined and cancel any such liabilities basedshares so delivered in order to satisfy the Company's withholding obligations. In accordance with procedures established by the Committee, the Participant or any successor in interest is also authorized to elect to have the Company retain and withhold shares of vesting Stock having a Fair Market Value on the minimum statutorydate that the amount of tax to be withheld is to be determined and cancel any such shares so withheld in order to satisfy the Company's withholding rates for federal, state, localobligations. In the event the Participant does not deliver or elect to have the Company retain and foreign income tax and payroll tax purposes that are applicablewithhold shares of Stock as described in this Section 8, the Company shall have the right to withhold from any other cash amounts due to or to become due from the Company or a subsidiary to the Participant an amount equal to such supplemental taxable income. The Administrator shall determinetaxes required to be withheld by the fair market value ofCompany to reimburse the Shares, consistent with applicable provisions of the Code,Company for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.such taxes.
Tax Withholding. The Company and its Affiliates shall haveIn the authority and the right to deduct or withhold, or require a Participant to remit to the Company or an Affiliate, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate of the Company is required to withhold any Federal, state or local taxes or other amounts in respect of any income recognized by a Participant as a result of the grant, vesting, payment or settlement of an Award or disposition of any Shares acquired under an Award, the Company may deduct (or require an Affiliate to deduct) from any payments of any kind otherwise due the Participant cash, or with the consent of the Administrator, Shares otherwise deliverable or vesting under an Award, to satisfy such tax obligations. Alternatively, the Company may require such Participant to pay to the Company, in cash, promptly on demand, or make other arrangements satisfactory to the Company regarding the payment to the Company of the aggregate amount of any such taxes and other amounts. If Shares are deliverable upon exercise or payment of an Award, the Administrator may permit a Participant to satisfy all or a portion of the Federal, state and local withholding tax obligations arising in connection with such Award by electing to # have the Company withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number ofAward, # tender back Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations duereceived in connection with a broker-assisted cashless Optionsuch Award or Stock Appreciation Right exercise involving# deliver other previously owned Shares; provided that the saleamount to be withheld in Shares may not exceed the total maximum statutory tax rates associated with the transaction to the extent needed for the Company to avoid an accounting charge. If an election is provided, the election must be made on or before the date as of Shareswhich the amount of tax to paybe withheld is determined and otherwise as the OptionAdministrator requires. In any case, the Company may defer making payment or Stock Appreciation Right exercise price ordelivery under any Award if any such tax withholding obligation.may be pending unless and until indemnified to its satisfaction.
Tax Withholding.Withholding Arrangements. The Company and its Affiliates shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company or an Affiliate, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator mayAdministrator, in its sole discretion and in satisfaction of the foregoing requirement allowpursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such obligationstax liability or withholding obligation, in whole or in part by any payment means described in Section 10.1 hereof,such methods as the Administrator shall determine, including, without limitation, by allowing such Participant to elect# paying cash, # electing to have the Company withhold otherwise deliverable cash or an Affiliate withhold Shares otherwise issuable under an Award (or allowhaving a fair market value equal to the surrenderminimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion, # delivering to the Company already-owned Shares having a fair market value equal to the statutory amount required to be withheld or such greater amount as the Administrator may determine, in each case, provided the delivery of Shares). Thesuch Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, # selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld or paid, # such other consideration and method of payment for the meeting of tax liabilities or withholding obligations as the Administrator may determine to the extent permitted by Applicable Laws, or # any combination of the foregoing methods of payment. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be so withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or surrendered shall be limitedlocal marginal income tax rates applicable to the number of Shares which have a Fair Market ValueParticipant with respect to the Award on the date of withholding or repurchase no greater thanthat the aggregate amount of tax to be withheld is to be determined or such liabilities based ongreater amount as the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable toAdministrator may determine if such supplemental taxable income.amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisionsShares to be withheld or delivered will be determined as of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involvingdate that the sale of Sharestaxes are required to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.be withheld.
Tax Withholding. The CompanyA Participant may be required to pay to an Employer, and its Affiliateseach Employer shall have the authorityright and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the rightPlan or from any compensation or other amount owing to deducta Participant, the amount (in cash, Shares, other securities, other Awards or withhold,other property) required by law or require a Participantregulation to remit to the Company or an Affiliate, an amount sufficientbe withheld to satisfy federal, state, and local andtaxes, foreign taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheldor domestic, with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator may inan Award, its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations byexercise, or any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuabletransfer under an Award (or allowor under the surrender of Shares). The number of Shares whichPlan and to take such other action as may be so withheldnecessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. The Committee may provide for additional cash payments to holders of Awards to defray or surrendered shalloffset any tax arising from the grant, Vesting, exercise, or payment of any Award. Unless otherwise determined by the Committee at the time the Award is granted or thereafter, any such withholding requirement may be limited tosatisfied, in whole or in part, by withholding from the number ofAward Shares which havehaving a Fair Market Value on the date of withholding or repurchase no greater thanequal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicablerequired to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistentbe withheld in accordance with applicable provisions oftax requirements, all in accordance with such procedures as the Code,Committee approves (which procedures may permit withholding up to the maximum individual statutory rate in the applicable jurisdiction as may be permitted under then-current accounting principles to qualify for tax withholding obligations dueequity classification). All such elections shall be subject to any restrictions or limitations that the Committee, in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.its sole discretion, deems appropriate.
Tax Withholding. TheParticipant authorizes the Company and its Affiliates shall have the authority and the right to deduct or withhold, or require a Participant to remitdeduct, to the Companyextent required by statute or an Affiliate, anregulation, from payments of any kind due to Participant or anyone claiming through Participant, the amount sufficient to satisfyof the federal, state, local and foreignor other taxes (including the Participant's social security, Medicare and any other employment tax obligation) required by law to be withheld with respectrelating to any taxable event concerning a Participant arisingpresent or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in connection with any Award. The Administrator may in its sole discretion andrespect thereof in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations by any payment means describedParticipant’s tax obligations. Withholding of taxes in Section 10.1 hereof, including, without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allowform of shares of Common Stock from the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limitedprofit attributable to the number of Shares which haveAward shall not occur at a Fair Market Value onrate that exceeds the date of withholding or repurchase no greater thanmaximum individual federal and state statutory tax rates in the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.jurisdiction.
Tax Withholding. TheIn accordance with [Section 5(f)] of the Plan, the Company and its Affiliates shall have the authoritypower and the right to deduct or withhold, or require athe Participant to remit to the Company or an Affiliate,Company, an amount sufficient to satisfy any federal, state, local and foreignother taxes (including the Participant'Participants social security, Medicare and any other employmentpayroll tax obligation)obligations) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with anythis Award. The AdministratorParticipant may be required to pay to the Company in its sole discretioncash or cash equivalents, either prior to or concurrent with the delivery of Shares in respect of any Restricted Share Units that vest, the amount required by law to be withheld. The Company may establish other rules and in satisfaction ofprocedures to allow the foregoing requirement allow a Participant to satisfy such obligations by any payment means described in Section 10.1 hereof, including, without limitation, by allowing such Participantand to elect to havefacilitate the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, forrequired tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Sharesfrom time to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation.time.
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