Common use of Foreign Asset and Account Reporting Clause in Contracts

Foreign Asset and Account Reporting. Participant’s country may have certain exchange control and/or foreign asset/account reporting requirements which may affect 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 resulting from the sale of Shares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Participant acknowledges that it is his or her responsibility to comply with any applicable regulations, and that Participant should speak to his or her personal advisor on this matter.

Appears in 2 contracts

Samples: Stock Option Agreement (NeuBase Therapeutics, Inc.), Stock Option Agreement (Altair Engineering Inc.)

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Foreign Asset and Account Reporting. Participant’s country may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends or dividend equivalents received or sale proceeds resulting from the sale of Shares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Participant acknowledges that it is his or her responsibility to comply with any applicable regulations, and that Participant should speak to his or her personal advisor on this matter.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Nutanix, Inc.)

Foreign Asset and Account Reporting. Participant’s country of employment (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold Shares shares under the Plan Option or cash received from participating in connection with the Plan Option (including from any dividends received or sale proceeds resulting from the sale of Sharesshares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets assets, or transactions to the tax or other authorities in his or her Participant’s country. Participant acknowledges that it is his or her Participant’s responsibility to comply with any applicable regulations, and that Participant should speak to his or her Participant’s personal advisor on this matter.

Appears in 1 contract

Samples: Insmed Incorporated (INSMED Inc)

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Foreign Asset and Account Reporting. Participant’s country of employment or service (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold Shares shares under the Plan Option or cash received from participating in connection with the Plan Option (including from any dividends received or sale proceeds resulting from the sale of Sharesshares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets assets, or transactions to the tax or other authorities in his or her Participant’s country. Participant acknowledges that it is his or her Participant’s responsibility to comply with any applicable regulations, and that Participant should speak to his or her Participant’s personal advisor on this matter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (INSMED Inc)

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