Common use of Securities Accounts Clause in Contracts

Securities Accounts. 12.1 Pursuant to Japanese laws and regulations, the Grantee is required to appoint an agent and maintain a non-resident offshore account in Japan with respect to the Common Shares to be acquired upon exercise of the Options. The Grantee hereby agrees that it shall, through the Company, entrust the custody, management and disposal of such Common Shares (the Services) to a securities company or bank (the Securities Company); provided, however, that the Grantee shall retain the right to determine and direct the Securities Company to sell, transfer or dispose of all or any portion of the Common Shares on the Grantee's behalf and the Securities Company may not sell, transfer or otherwise dispose of the Common Shares without the Grantee's prior approval. The Company shall determine and appoint such Securities Company (or change such appointment) in its absolute discretion and notify the Grantee of such appointment (or change in such appointment) in accordance with Clause 16.

Securities Accounts. 12.1 Pursuant to Japanese laws and regulations, the Grantee is required to appoint an agent and maintain a non-resident offshore account in Japan with respect to the Common Shares to be acquired upon exercise of the Options. The Grantee hereby agrees that it shall, through the Company, entrust the custody, management and disposal of such Common Shares (the Services) to a securities company or bank (the Securities Company); provided, however, that the Grantee shall retain the right to determine and direct the Securities Company to sell, transfer or dispose of all or any portion of the Common Shares on the Grantee's ’s behalf and the Securities Company may not sell, transfer or otherwise dispose of the Common Shares without the Grantee's ’s prior approval. The Company shall determine and appoint such Securities Company (or change such appointment) in its absolute discretion and notify the Grantee of such appointment (or change in such appointment) in accordance with Clause 16.

Securities Accounts. 12.1 Pursuant to Japanese laws and regulations, the Grantee is required to appoint an agent and maintain a non-resident offshore account in Japan with respect to the Common Shares to be acquired upon exercise of the Options. The Grantee hereby agrees that it shall, through the Company, entrust the custody, management and disposal of such Common Shares (the ServicesSERVICES) to a securities company or bank (the Securities CompanySECURITIES COMPANY); provided, however, that the Grantee shall retain the right to determine and direct the Securities Company to sell, transfer or dispose of all or any portion of the Common Shares on the Grantee's behalf and the Securities Company may not sell, transfer or otherwise dispose of the Common Shares without the Grantee's prior approval. The Company shall determine and appoint such Securities Company (or change such appointment) in its absolute discretion and notify the Grantee of such appointment (or change in such appointment) in accordance with Clause 16.

Securities Accounts. 12.1 Pursuant to Japanese laws and regulations, the Grantee is required to appoint an agent and maintain a non-resident offshore account in Japan with respect to the Common Shares to be acquired upon exercise of the Options. The Grantee hereby agrees that it shall, through the Company, entrust the custody, management and disposal of such Common Shares (the Services) to a securities company or bank (the Securities Company); provided, however, that the Grantee shall retain the right to determine and to direct the Securities Company to sell, transfer or dispose of all or any portion of the Common Shares on the Grantee's ’s behalf and the Securities Company may not sell, transfer or otherwise dispose of the Common Shares without the Grantee's ’s prior approval. The Company shall determine and appoint such Securities Company (or change such appointment) in its absolute discretion and notify the Grantee of such appointment (or change in such appointment) in accordance with Clause 16.

Securities Accounts. 12.1 11.1 Pursuant to Japanese laws and regulations, the Grantee is required to appoint an agent and maintain a non-resident offshore account in Japan with respect to the Common Shares to be acquired upon exercise of the Options. The Grantee hereby agrees that it shall, through the Company, entrust the custody, management and disposal of such Common Shares (the Services) to a securities company or bank (the Securities Company); provided, however, that the Grantee shall retain the right to determine and to direct the Securities Company to sell, transfer or dispose of all or any portion of the Common Shares on the Grantee's ’s behalf and the Securities Company may not sell, transfer or otherwise dispose of the Common Shares without the Grantee's ’s prior approval. The Company shall determine and appoint such Securities Company (or change such appointment) in its absolute discretion and notify the Grantee of such appointment (or change in such appointment) in accordance with Clause 1615.