Common use of BOLIVIA Clause in Contracts

BOLIVIA. There are no country-specific provisions. By accepting this option, the Participant acknowledges that he or she agrees to comply with applicable Brazilian laws and pay any and all applicable taxes associated with the exercise of this option, the receipt of any dividends, and the sale of shares of Common Stock acquired under the Plan. By accepting the Award, the Participant agrees that (i) the Participant is making an investment decision; (ii) the shares of Common Stock will be issued to Participant only if the vesting and/or performance conditions are met, and (iii) the value of the underlying shares of Common Stock is not fixed and may increase or decrease in value over without compensation to the Participant.

Appears in 2 contracts

Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp), Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)

BOLIVIA. There are no country-specific provisions. By accepting this option, the Participant acknowledges that he or she agrees to comply with applicable Brazilian laws and pay any and all applicable taxes associated with the exercise of this option, the receipt of any dividends, and the sale of shares of Common Stock acquired under the Plan. By accepting the Award, the Participant agrees that (i) the Participant is making an investment decision; (ii) the shares of Common Stock will be issued to Participant only if the vesting and/or performance conditions are met, and (iii) the value of the underlying shares of Common Stock is not fixed and may increase or decrease in value over without compensation to the Participant.

Appears in 1 contract

Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)