Common use of Local Compliance Clause in Contracts

Local Compliance. The Holder remains personally responsible for any local compliance requirements resulting from his or her receipt, ownership, and subsequent sale of Common Stock, as well as the transfer of funds abroad, the making of a foreign investment, and the opening or use of a U.S. brokerage account in relation to his or her receipt of Common Stock.

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (Owens Corning), Restricted Stock Award Agreement (Owens Corning), Restricted Stock Award Agreement (Owens Corning)