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ALL » Topics » Elective Share Withholding.

This excerpt taken from the ALL DEF 14A filed Mar 27, 2006.

Elective Share Withholding.

        An employee may elect to have shares withheld in an amount required to satisfy the minimum federal, state and local tax withholding requirements upon the exercise of an option or SAR, the vesting of a restricted stock or restricted stock unit award or any other taxable event. The shares withheld shall have a fair market value not to exceed the estimated tax liability of the employee with respect to the exercise or vesting.

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