Common use of Foreign Exchange Notice Clause in Contracts

Foreign Exchange Notice. The Grantee understands and acknowledges that the Grantee must notify the National Bank of Poland of the value of all foreign share ownership, including but not limited to Shares acquired under the Plan, if such ownership exceeds a designated threshold. If required, the reports are due on a quarterly basis by the 20th day following the end of each quarter. The reports are filed on special forms available on the website of the National Bank of Poland. In addition, the Grantee should maintain evidence of such foreign exchange transactions for five years, in case of a request for their production by the National Bank of Poland. The Grantee is strongly encouraged to consult with an appropriate legal advisor regarding these requirements. The grant of the RSUs is exempt from the requirement to publish a prospectus under the EU Prospectus Directive as implemented in Poland.

Foreign Exchange Notice. The Grantee understands and acknowledges that the Grantee must notify the National Bank of Poland of the value of all foreign share ownership, including but not limited to Shares acquired under the Plan, if such ownership exceeds a designated threshold. If required, the reports are due on a quarterly basis by the 20th day following the end of each quarter. The reports are filed on special forms available on the website of the National Bank of Poland. In addition, the Grantee should maintain evidence of such foreign exchange transactions for five years, in case of a request for their production by the National Bank of Poland. The Grantee is strongly encouraged to consult with an appropriate legal advisor regarding these requirements. The grant of the RSUs is exempt from the requirement to publish a prospectus under the EU Prospectus Directive as implemented in Poland.