Common use of Securities/Tax Reporting Information Clause in Contracts

Securities/Tax Reporting Information. If you hold Shares acquired under the Plan in a brokerage account with a broker or bank (the “depositary”) outside of Denmark, you are required to inform the Danish tax authorities about the account by signing and filing a Form V (Erklaering V). It is only necessary to submit a Form V the first time securities are deposited with a depositary outside of Denmark. However, if the securities are transferred to a different depositary or if you begin using a new depositary, a new Form V will be required. The depositary may sign a statement according to which the depositary undertakes an obligation, without further request, to forward certain information concerning the Shares on an annual basis to the Danish tax authorities. However, if the depositary does not agree to sign such a statement, you will be personally responsible for submitting the required information as an attachment to your annual income tax return. By signing the Form V, you authorize the Danish tax authorities to examine the account. Generally, the Form V must be submitted by the depositary no later than on February 1 of the year following the calendar year to which the information relates. However, if you are responsible for submitting the required information, you must submit it as an attachment to your annual income tax return. A sample of Form V can be found at the following website: xxx.xxxx.xx. In addition, if you open a brokerage or bank account with a U.S. bank, the account will be treated as a “deposit account” because cash can be held in the account. Therefore, you also must file a Form K (Erklaering K) with the Danish tax authorities. By signing the Form K, you authorize the Danish tax authorities to examine the account. A separate form must be submitted for each account held outside of Denmark that holds Shares or cash which are taxable in Denmark. A sample of Form K can be found at the following website: xxx.xxxx.xx.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Amgen Inc)

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Securities/Tax Reporting Information. If you hold Shares shares of Common Stock acquired under the Plan in a brokerage account with a broker or bank (the “depositary”) outside of Denmark, you are required to inform the Danish tax authorities Tax Administration about the account by signing and filing account. For this purpose, you must file a Form V (Erklaering V)) with the Danish Tax Administration. It is only necessary to submit a The Form V must be signed both by you and by the first time securities are deposited with a depositary outside of Denmarkapplicable broker or bank where the account is held. HoweverBy signing the Form V, if the securities are transferred to a different depositary broker or if you begin using a new depositary, a new Form V will be required. The depositary may sign a statement according to which the depositary bank undertakes an obligation, without further request, to forward certain information concerning the Shares on an annual basis to the Danish tax authorities. However, if Tax Administration concerning the depositary does not agree to sign such a statement, you will be personally responsible for submitting shares in the required information as an attachment to your annual income tax returnaccount without further request each year. By signing the Form V, you authorize the Danish tax authorities Tax Administration to examine the account. Generally, the Form V must be submitted by the depositary no later than on February 1 of the year following the calendar year to which the information relates. However, if you are responsible for submitting the required information, you must submit it as an attachment to your annual income tax return. A sample of Form V can be found at the following website: xxx.xxxx.xx. In addition, if you open a brokerage account (or bank a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, you are also required to inform the account will be treated as a “deposit account” because cash can be held in the Danish Tax Administration about this account. ThereforeTo do so, you also must file a Form K (Erklaering K) with the Danish tax authoritiesTax Administration. The Form K must be signed both by you and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, you authorize the Danish tax authorities Tax Administration to examine the account. A separate form FINLAND There are no country-specific provisions. GERMANY NOTIFICATIONS Exchange Control Information. Cross-border payments in excess of €12,500 must be submitted reported monthly to the German Federal Bank. If you use a German bank to effect a cross-border payment in excess of €12,500 in connection with the sale of shares of Common Stock acquired under the Plan, the bank will make the report for each account held outside you. In addition, you must report any receivables or payables or debts in foreign currency exceeding an amount of Denmark €5,000,000 on a monthly basis. Finally, you must report on an annual basis if you hold shares of Common Stock that holds Shares or cash which exceed 10% of the total voting capital of the Company. GREECE There are taxable in Denmarkno country-specific provisions. A sample of Form K can be found at the following website: xxx.xxxx.xx.HONG KONG

Appears in 1 contract

Samples: Amgen Inc

Securities/Tax Reporting Information. If you hold Shares acquired under the Plan and the Program in a brokerage account with a broker or bank (the “depositary”) outside of Denmark, you are required to inform the Danish tax authorities about the account by signing and filing a Form V (Erklaering V). It is only necessary to submit a Form V the first time securities are deposited with a depositary outside of Denmark. However, if the securities are transferred to a different depositary or if you begin using a new depositary, a new Form V will be required. The depositary may sign a statement according to which the depositary undertakes an obligation, without further request, to forward certain information concerning the Shares on an annual basis to the Danish tax authorities. However, if the depositary does not agree to sign such a statement, you will be personally responsible for submitting the required information as an attachment to your annual income tax return. By signing the Form V, you authorize the Danish tax authorities to examine the account. Generally, the Form V must be submitted by the depositary no later than on February 1 of the year following the calendar year to which the information relates. However, if you are responsible for submitting the required information, you must submit it as an attachment to your annual income tax return. A sample of Form V can be found at the following website: xxx.xxxx.xx. In addition, if you open a brokerage or bank account with a U.S. bank, the account will be treated as a “deposit account” because cash can be held in the account. Therefore, you also must file a Form K (Erklaering K) with the Danish tax authorities. By signing the Form K, you authorize the Danish tax authorities to examine the account. A separate form must be submitted for each account held outside of Denmark that holds Shares or cash which are taxable in Denmark. A sample of Form K can be found at the following website: xxx.xxxx.xx.

Appears in 1 contract

Samples: Amgen Inc

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Securities/Tax Reporting Information. If you hold Shares acquired under the Plan in a brokerage account with a broker or bank (the “depositary”) outside of Denmark, you are required to inform the Danish tax authorities Tax Administration about the account by signing and filing account. For this purpose, you must file a Form V (Erklaering V)) with the Danish Tax Administration. It is only necessary to submit a The Form V must be signed both by you and by the first time securities are deposited with a depositary outside of Denmarkapplicable broker or bank where the account is held. HoweverBy signing the Form V, if the securities are transferred to a different depositary broker or if you begin using a new depositary, a new Form V will be required. The depositary may sign a statement according to which the depositary bank undertakes an obligation, without further request, to forward certain information concerning the Shares on an annual basis to the Danish tax authorities. However, if Tax Administration concerning the depositary does not agree to sign such a statement, you will be personally responsible for submitting shares in the required information as an attachment to your annual income tax returnaccount without further request each year. By signing the Form V, you authorize the Danish tax authorities Tax Administration to examine the account. Generally, the Form V must be submitted by the depositary no later than on February 1 of the year following the calendar year to which the information relates. However, if you are responsible for submitting the required information, you must submit it as an attachment to your annual income tax return. A sample of Form V can be found at the following website: xxx.xxxx.xx. In addition, if you open a brokerage account (or bank a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, you are also required to inform the account will be treated as a “deposit account” because cash can be held in the Danish Tax Administration about this account. ThereforeTo do so, you also must file a Form K (Erklaering K) with the Danish tax authoritiesTax Administration. The Form K must be signed both by you and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, you authorize the Danish tax authorities Tax Administration to examine the account. A separate form GERMANY NOTIFICATIONS Exchange Control Information. Cross-border payments in excess of €12,500 must be submitted reported monthly to the German Federal Bank. If you use a German bank to effect a cross-border payment in excess of €12,500 in connection with the sale of Shares acquired under the Plan, the bank will make the report for each account held outside you. In addition, you must report any receivables or payables or debts in foreign currency exceeding an amount of Denmark €5,000,000 on a monthly basis. Finally, you must report on an annual basis if you hold Shares that holds Shares or cash which exceed 10% of the total voting capital of the Company. GREECE There are taxable in Denmarkno country-specific provisions. A sample of Form K can be found at the following website: xxx.xxxx.xx.HONG KONG

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Amgen Inc)

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