Tax Withholding. Upon any exercise, vesting, or payment of any Award or upon the disposition of Ordinary Shares acquired pursuant to the exercise of an Incentive Stock Option, prior to satisfaction of the holding period requirements of Section 422 of the Code, the Company or any of its Affiliates shall have the right at its option to:
(a) require the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of any taxes which the Company or Affiliate may be required to withhold with respect to such Award event or payment;
(b) deduct from any amount otherwise payable (in respect of an Award or otherwise) in cash to the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) the minimum amount of any taxes which the Company or Affiliate may be required to withhold with respect to such Award event or payment; or
(c) reduce the number of Ordinary Shares to be issued and/or delivered by (or otherwise reacquire shares held by the Participant at least 6 months) the appropriate number of Ordinary Shares, valued at their then Fair Market Value, to satisfy the minimum withholding obligation.
1.1. After you agree to the terms of this agreement, follow the instructions on the page, complete all the account application procedures and pass the DMC platform review, you can enter the DMC music platform.
1.2. When you check the “I agree to the above terms” at the bottom of this article and press the button “Next” or make similar operations to agree to the terms, it means that you have reached an agreement with the DMC platform (Beijing Chengwei Technology Co., Ltd., similarly hereinafter) and fully accept all the terms of this agreement.
1.3. The DMC platform may reject your account application.
1.4. You upload your music through the DMC platform, it means that you have the rights and have authorized the network distribution rights of music information (including but not limited to its rights of performers, rights of sound recording producers, and copyrights of lyrics and music) to the DMC platform. After review, the DMC platform will promote and use your music in the whole series of its products. The authorization here is a non-exclusive one, and the music is still owned by you. You reserve the rights to authorize any other music service providers, but it shall not affect the rights of the DMC platform to use your work in accordance with this agreement.