RIU definition
Examples of RIU in a sentence
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Participant’s participation in the Plan, or the sale of any Common Units acquired upon vesting of the RIU Award.
The Participant will receive an addendum to the annual salary statement, reporting the details of the RIU Award granted.
To this end, RIU and 2 The International ▇▇▇▇ of Human Rights is made up of the Universal Declaration of Human Rights (adopted by the United Nations in 1948), the International Covenant on Civil and Political Rights (1966) and the International Covenant on Economic, Social and Cultural Rights (1966).
RIU and the IUF recognize the indispensable role that unions and social dialogue play3 in the protection and enablement of workers’ fundamental rights within the human rights due diligence framework set out in the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Companies.
Any dispute regarding the interpretation of the terms and provisions with respect to the RIU Award and this Agreement shall be submitted by the Participant or the Company to the Committee for review.
For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by the RIU Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the state of Delaware and agree that such litigation shall be conducted only in the applicable federal courts for the state of Delaware, or if the issue cannot be adjudicated by federal courts, then the state courts of the state of Delaware.
Furthermore, the Participant is required to declare all RIU Awards granted under the Plan which should not be subject to the net wealth tax, but must be reflected “pro memoria” in the statement on bank accounts and securities (Wertschriftenverzeichnis) that the Participant is required to file with the annual tax return.
Notwithstanding the foregoing, the Participant, if based in the U.S., may transfer or assign the RIU Award, (i) through a domestic relations order (and not in a transfer for value), (ii) to the Participant’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable institutions, pursuant to such conditions and procedures as the Committee may establish, or (iii) as may otherwise be allowed by the Plan.
As a result, the Company strongly recommends that the Participant not rely on the information in this Exhibit A as the only source of information relating to the consequences of the Participant’s participation in the Plan because the information may be out of date at the time that the RIU Award vests and Common Units are issued and/or delivered to the Participant or the Participant disposes any Common Units acquired upon vesting of the RIU Award under the Plan.
The parties express their commitment to ensuring that all persons employed by the Group or operating on behalf of RIU can fully access and effectively exercise their internationally recognized human rights, in particular those specified in the United Nations International ▇▇▇▇ of Human Rights2 and the fundamental ILO Conventions.