Common use of Luxembourg Clause in Contracts

Luxembourg. You are obligated to report any outward and inward remittance of funds to the Banque Central de Luxembourg and/or the Service Central de La Statisque et des Etudes Economiques (the “STATEC”). If a Luxembourg financial institution is involved in the transaction, it will generally fulfill the reporting obligation on your behalf. If the transaction does not involve a Luxembourg financial institution, you will have to report the transaction (regardless of the amount remitted or received) yourself to the STATEC on a specific form. The report has to be filed within 15 working days following the month during which the transaction occurred.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement, Performance Restricted Stock Unit Agreement, Restricted Stock Unit Agreement (Sun Microsystems, Inc.)

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