Common use of Foreign Asset/Account, Exchange Control and Tax Reporting Clause in Contracts

Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that the Participant report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt. The Participant acknowledges that the Participant is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s personal legal advisor on this matter.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Carnival PLC), Restricted Stock Unit Agreement (Carnival PLC), Restricted Stock Unit Agreement (Carnival PLC)

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Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that the Participant report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt. The Participant acknowledges that the Participant is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s personal legal advisor on this matter.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Carnival PLC), Restricted Stock Grant Agreement (Carnival PLC)

Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents dividends and the proceeds arising from the sale of Shares) derived from the Participant’s his or her participation in the PlanProgram, in, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country Participant may require that the Participant be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such the Participant’s country. The Participant also may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan Program to the Participant’s country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that the Participant he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s his or her personal tax, legal advisor and/or financial advisors on this matter.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Edwards Lifesciences Corp), Nonqualified Stock Option Award Agreement (Edwards Lifesciences Corp)

Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents dividends and the proceeds arising from the sale of Shares) derived from the Participant’s his or her participation in the PlanProgram, in, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country Participant may require that the Participant be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such Participant’s country. The Participant also may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan Program to the Participant’s country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that the Participant he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s his or her personal tax, legal advisor and/or financial advisors on this matter.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Edwards Lifesciences Corp)

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Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents dividends and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the PlanPlan in, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of in the Participant’s country may require that the Participant report such accounts, assets, the assets and balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt. The Participant acknowledges that it is the Participant’s responsibility to be compliant with such regulations and the Participant is responsible for ensuring compliance encouraged to consult with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s personal legal advisor on this matterfor any details.

Appears in 1 contract

Samples: Registration Rights Agreement (Broadscale Acquisition Corp.)

Foreign Asset/Account, Exchange Control and Tax Reporting. The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents dividends and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that the Participant report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt. The Participant acknowledges that the Participant is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s personal legal advisor on this matter.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Carnival PLC)

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