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These excerpts taken from the MRO 10-Q filed Aug 7, 2007. 4. Taxes. Pursuant to Section 13 of the Plan, the Corporation or its designated
representative shall have the right to withhold applicable taxes from the
shares of Common Stock otherwise deliverable to the Participant due to the
vesting of Restricted Shares pursuant to Paragraph 2, or from other
compensation payable to the Participant, at the time of the vesting and
delivery of such shares.
8. Taxes. Pursuant
to Section 13 of the Plan, the Corporation or its designated representative
shall have the right to withhold applicable taxes from the cash otherwise
payable to the Participant, or from other compensation payable to the
Participant, at the time of the vesting and delivery of such cash payment.
2 6. Taxes. The Corporation or its designated
representative shall have the right to withhold applicable taxes from the
shares of Common Stock otherwise payable to the Optionee upon exercise of the
Option or from compensation otherwise payable to the Optionee at the time of
exercise pursuant to Section 13 of the Plan.
This excerpt taken from the MRO DEF 14A filed Mar 13, 2007. 13. Taxes. The Corporation or its designated third party
administrator shall have the right to deduct applicable taxes from any Employee
Award payment and withhold, at the time of delivery or vesting of cash or
shares of Common Stock under this Plan, an appropriate amount of cash or number
of shares of Common Stock or a combination thereof for payment of taxes or
other amounts required by law or to take such other action as may be necessary
in the opinion of the Corporation to satisfy all obligations for withholding of
such taxes. The Committee may also permit withholding to be satisfied by the
transfer to the Corporation of shares of Common Stock theretofore owned by the
holder of the Employee Award with respect to which withholding is required. If
shares of Common Stock are used to satisfy tax withholding, such shares shall
be valued based on the Fair Market Value when the tax withholding is required
to be made.
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