Common use of Foreign Asset/Account Reporting; Exchange Controls Clause in Contracts

Foreign Asset/Account Reporting; Exchange Controls. The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls that may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other Appendix B - 4 authorities in his or her country. The Participant also may be required to repatriate sale proceeds or other cash received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and the Participant is advised to consult his or her personal legal advisor for any details.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Hilton Worldwide Holdings Inc.), Restricted Stock Unit Agreement (Hilton Worldwide Holdings Inc.), Restricted Share Agreement (Hilton Worldwide Holdings Inc.)

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Foreign Asset/Account Reporting; Exchange Controls. The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls that which US-DOCS\119733922.3 may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other Appendix B - 4 authorities in his or her country. The Participant also may be required to repatriate sale proceeds or other cash funds received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and the Participant is advised to should consult his or her personal legal advisor for any details.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Syneos Health, Inc.)

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