FACE » Topics » 4. Withholding of Taxes .

These excerpts taken from the FACE 10-K filed Mar 31, 2009.
Withholding of Taxes. In connection with the Plan, the Employers shall withhold any applicable Federal, state or local income tax and any employment taxes, including Social Security taxes, at such time and in such amounts as is necessary to comply with applicable laws and regulations.
 
Section 6
 
Miscellaneous
 
6.1 
Withholding of
Taxes
. In connection with the Plan, the Employers shall withhold any
applicable Federal, state or local income tax and any employment taxes,
including Social Security taxes, at such time and in such amounts as is
necessary to comply with applicable laws and regulations.

 

Section 6

 

Miscellaneous

 

6.1 
Withholding of
Taxes
. In connection with the Plan, the Employers shall withhold any
applicable Federal, state or local income tax and any employment taxes,
including Social Security taxes, at such time and in such amounts as is
necessary to comply with applicable laws and regulations.

 

Section 6

 

Miscellaneous

 

6.1 
This excerpt taken from the FACE 10-K filed Mar 16, 2007.

4.             Withholding of Taxes.

(a)           Participant Election.  Unless otherwise determined by the Committee, you may elect to deliver shares of Common Stock (or have the Company withhold Option Shares acquired upon exercise of the Option) to satisfy, in whole or in part, the amount the Company is

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required to withhold for taxes in connection with the exercise of the Option.  Such election must be made on or before the date the amount of tax to be withheld is determined.  Once made, the election shall be irrevocable.  The fair market value of the shares to be withheld or delivered will be the Fair Market Value as of the date the amount of tax to be withheld is determined.

(b)           Company Requirement.  The Company, to the extent permitted or required by law, shall have the right to deduct from any payment of any kind (including salary or bonus) otherwise due to you, an amount equal to any federal, state or local taxes of any kind required by law to be withheld with respect to the delivery of Option Shares under this letter agreement.

5.             Transferability of Option.  You may transfer the Option granted hereunder only by will or the laws of descent and distribution or to any of your Family Members by gift or a qualified domestic relations order as defined by the Code.  Unless the context requires otherwise, references herein to you are deemed to include any permitted transferee under this paragraph 5.  The Option may be exercised only by you; by your Family Member if such person has acquired the Option by gift or qualified domestic relations order; by the executor or administrator of the estate of any of the foregoing or any person to whom the Option is transferred by will or the laws of descent and distribution; or by the guardian or representative of any of the foregoing; provided that Incentive Stock Options may be exercised by any guardian or legal representative only if permitted by the Code and any regulations thereunder.

6.             Conformity with Plan.  The Option is intended to conform in all respects with, and is subject to all applicable provisions of, the Plan (which is incorporated herein by reference).  Inconsistencies between this letter agreement and the Plan shall be resolved in accordance with the terms of the Plan.  By executing and returning the enclosed copy of this letter agreement, you acknowledge your receipt of this letter agreement and the Plan and agree to be bound by all of the terms of this letter agreement and the Plan.

7.             Rights of Participants.  Nothing in this letter agreement shall interfere with or limit in any way the right of the Company to terminate your employment or other performance of services at any time (with or without Cause), nor confer upon you any right to continue in the employ or as a director or officer of, or in the performance of other services for, the Company or a Subsidiary for any period of time, or to continue your present (or any other) rate of compensation or level of responsibility.  Nothing in this letter agreement shall confer upon you any right to be selected again as a Plan participant.

8.             Amendment or Substitution of Option.  The terms of the Option may be amended from time to time by the Committee in its discretion in any manner that it deems appropriate (including, but not limited to, acceleration of the date of exercise of the Option);  provided that no such amendment shall adversely affect in a material manner any of your rights under the award without your written consent.

9.             Successors and Assigns.  Except as otherwise expressly provided herein, all covenants and agreements contained in this letter agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and permitted assigns of the parties hereto whether so expressed or not.

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10.           Severability.  Whenever possible, each provision of this letter agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this letter agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this letter agreement.

11.           Counterparts.  This letter agreement may be executed simultaneously in two or more counterparts, each of which shall constitute an original, but all of which taken together shall constitute one and the same letter agreement.

"4. Withholding of Taxes ." elsewhere:

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