Common use of Exchange Control Obligations Clause in Contracts

Exchange Control Obligations. Employee understands that he or she must repatriate any proceeds from the sale of Shares acquired under the Plan to India within ninety (90) days of receipt. Dividends (if any) should be repatriated within 180 days of receipt. Employee will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. Employee should maintain the FIRC as evidence of the repatriation of fund in the event the Reserve Bank of India or the Employer requests proof of repatriation. JAPAN

Appears in 3 contracts

Samples: Performance Share Agreement (Gap Inc), Restricted Stock Unit Award Agreement (Gap Inc), Restricted Stock Unit Award Agreement (Gap Inc)

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Exchange Control Obligations. Employee understands that he or she must repatriate any proceeds from the sale of Shares acquired under the Plan and any dividends received in relation to the Shares to India and convert the proceeds into local currency within ninety (90) days of receipt. Dividends (if any) should be repatriated within 180 days of receipt. Employee will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. Employee should maintain the FIRC as evidence of the repatriation of fund in the event the Reserve Bank of India or the Employer requests proof of repatriation. JAPAN.

Appears in 2 contracts

Samples: Performance Share Agreement (Gap Inc), Restricted Stock Unit Award Agreement (Gap Inc)

Exchange Control Obligations. The Employee understands that he or she must repatriate any proceeds from the sale of Shares acquired under the Plan to India within ninety (90) days of receipt. Dividends (if any) should must be repatriated within 180 days of receipt. The Employee will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. The Employee should maintain the FIRC as evidence of the repatriation of fund in the event the Reserve Bank of India or the Employer requests proof of repatriation. JAPAN

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Gap Inc), Performance Share Agreement (Gap Inc)

Exchange Control Obligations. Employee understands that he or she must repatriate any proceeds from the sale of Shares acquired under the Plan to India and convert the proceeds into local currency within ninety (90) days of receipt. Dividends (if any) should be repatriated within 180 days of receipt. Employee will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. Employee should maintain the FIRC as evidence of the repatriation of fund in the event the Reserve Bank of India or the Employer requests proof of repatriation. JAPAN

Appears in 2 contracts

Samples: Performance Share Agreement (Gap Inc), Restricted Stock Unit Award Agreement (Gap Inc)

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Exchange Control Obligations. Employee understands that he or she must repatriate any proceeds from the sale of Shares acquired under the Plan and any dividends received in relation to the Shares to India and convert the proceeds into local currency within ninety (90) days of receipt. Dividends (if any) should be repatriated within 180 days of receipt. Employee will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. Employee should maintain the FIRC as evidence of the repatriation of fund in the event the Reserve Bank of India or the Employer requests proof of repatriation. JAPAN

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Gap Inc), Non Qualified Stock Option Agreement (Gap Inc)

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