Common use of Taxation upon Exercise of Option Clause in Contracts

Taxation upon Exercise of Option. Optionee understands that upon exercise of this Option, Optionee may recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares over the exercise price. The Company will be required to withhold tax from Optionee’s current compensation with respect to such income; to the extent that Optionee’s current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Option.

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of this Option, Optionee may will recognize income income, for federal Federal and state income tax purposes purposes, in an amount equal to the excess of amount by which the then fair market value of the Option Shares over Shares, determined as of the exercise pricedate of exercise, exceeds the Exercise Price. The acceptance of the Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with then applicable law and to cooperate with Company will be required to withhold tax from Optionee’s current compensation with respect to in establishing the amount of such income; income and corresponding deduction to the extent that Optionee’s current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Option.for its income tax

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of this Option, Optionee may will recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares over the exercise price. The Company will be required to withhold tax from Upon a resale of such shares by the Optionee’s current compensation with respect to such income; to , any difference between the extent that Optionee’s current compensation is insufficient to satisfy sale price and the withholding tax liability, fair market value of the Company may require shares on the Optionee to make a cash payment to cover such liability as a condition date of exercise of this Optionthe option will be treated as capital gain or loss.

Taxation upon Exercise of Option. Optionee understands that upon exercise of this Option, Optionee may recognize income for federal and state income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares over the exercise price. The Company will Optionee shall be required responsible for all taxes, including but not limited to withhold tax from Optionee’s current compensation with respect to such income; to , employment, and withholding taxes, arising out of the extent that Optionee’s current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Optionthe Option Shares.

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of this Option, Optionee may will recognize income income, for federal Federal and state income tax purposes purposes, in an amount equal to the excess of amount by which the then fair market value of the Option Shares over Shares, determined as of the exercise pricedate of exercise, exceeds the Exercise Price. The acceptance of the Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with then applicable law and to cooperate with Company will be required to withhold tax from Optionee’s current compensation with respect to in establishing the amount of such income; income and corresponding deduction to the extent that Optionee’s current compensation is insufficient to satisfy the withholding Company for its income tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Optionpurposes.

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of this Option, Optionee may will recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares Stock over the exercise price. The Company will be required to withhold tax from Optionee’s 's current compensation with respect to such income; to the extent that Optionee’s 's current compensation is insufficient to satisfy the withholding tax liability, Optionee shall be required to remit the amount of such liability to the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Option.

Taxation upon Exercise of Option. Optionee understands that upon exercise of this Option, Optionee may will generally recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value Fair Market Value of the Option Shares over the exercise price. The If the Company will be is required to withhold tax from Optionee’s current compensation Optionee with respect to such income; to the extent that Optionee’s current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment or other arrangements to cover such liability as a condition of exercise of this Option.

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of -------------------------------- exercising this Non-statutory Option, Optionee may he or she will recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value Fair Market Value of the Option Shares over the exercise price. The If the Optionee is an Employee, the Company will be required to withhold tax from Optionee’s current compensation with respect to such income; 's compensation, or collect from Optionee and pay to the extent that Optionee’s current compensation is insufficient applicable taxing authorities an amount equal to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise percentage of this Optioncompensation income.

Taxation upon Exercise of Option. Optionee understands that that, upon exercise of this Option, Optionee may he will recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares shares over the exercise price. The Company will be required to withhold tax from Optionee’s 's current compensation with respect to such income; to the extent that Optionee’s 's current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a cash payment to cover such liability as a condition of exercise of this Option.