Foreign Asset/Account Exchange Control and Tax Reporting Clause Example with 5 Variations from Business Contracts

This page contains Foreign Asset/Account Exchange Control and Tax Reporting clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends and the proceeds arising from the sale of Shares) derived from his or her participation in the Program, in, to and/or from a brokerage/bank account or legal entity located outside the Participant's country. The Participant may be... required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in the Participant's country. The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant's participation in the Program to the Participant's country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal tax, legal and/or financial advisors on this matter. View More
Found in Edwards Lifesciences contract

Variations of a "Foreign Asset/Account Exchange Control and Tax Reporting" Clause from Business Contracts

Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending Depending on his or her Participant's country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting of the Restricted Stock Units, the acquisition, holding holding, and/or transfer of Shares or cash (including dividends and the proceeds arising resulting from the sale of Shares) derived from his or her participation in the Program, in, to Plan and/or from the opening and... maintenance of a brokerage/bank brokerage or bank account or legal entity located outside in connection with the Participant's country. The Plan. Participant may be required to report such assets, accounts, assets, the account balances therein, the value thereof and values and/or the related transactions related thereto to the applicable authorities in the Participant's his or her country. The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant's participation in the Program to the Participant's country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and requirements. Participant further understands that he or she should consult his or her Participant's personal tax, legal and/or financial advisors advisor on this matter. these matters. View More
Found in Fortinet contract
Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends and the proceeds arising from the sale of Shares) derived resulting from his or her participation in the Program, in, to and/or from a brokerage/bank account or legal entity located outside the Participant's country. The Plan. Pa...rticipant may be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in the Participant's country. The Participant also may be required to country and/or repatriate sale proceeds or other funds received as a result of in connection with the Participant's participation in the Program to the Participant's country through a designated bank or broker and/or Plan within a certain time after receipt. The limits or according to specified procedures. Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal tax, legal and/or financial and tax advisors on this matter. such matters. View More
Found in PELOTON INTERACTIVE, INC. contract
Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending Depending on his or her the Participant's country, the Participant may be subject to foreign asset/account, exchange control and/or control, tax reporting or other requirements as a result of which may affect the acquisition, holding and/or transfer of Participant's ability acquire or hold RSUs or Shares under the Plan or cash received from participating in the Plan (including dividends and the proceeds arising from the sale of Shares) derived from hi...s or her participation in the Program, in, to and/or from a brokerage/bank account or legal entity located outside the Participant's country. The Participant applicable laws of the Participant's country may be required to require that he or she report such RSUs, Shares, accounts, assets, the balances therein, the value thereof and/or the assets or transactions related thereto to the applicable authorities in the Participant's country. The Participant also may be required to such country and/or repatriate sale proceeds or other funds received as a result of in connection with the Participant's participation in the Program Plan to the Participant's country through a designated bank or broker and/or within a certain time after receipt. period or according to certain procedures. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal tax, legal and/or financial advisors on this matter. advisor to ensure compliance with applicable laws. View More
Found in SVB Financial contract
Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant Participant's country may be subject to have certain foreign asset/account, exchange control and/or tax reporting requirements as a result requirements, which may affect the Participant's ability to acquire or hold shares of Common Stock under the acquisition, holding and/or transfer of Shares Plan or cash received from participating in the Plan (including any dividends and the received or sale proceeds arising f...rom the sale of Shares) derived from his shares of Common Stock) in a brokerage or her participation in the Program, in, to and/or from a brokerage/bank bank account or legal entity located outside the Participant's country. The Participant may be required to report such accounts, assets, the balances therein, the value thereof and/or the assets or transactions related thereto to the applicable tax or other authorities in the Participant's his or her country. The Participant may also may be required to repatriate the sale proceeds or other funds received as a result of the Participant's participation in the Program Plan to the Participant's his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that he it is his or she is responsible for ensuring compliance her responsibility to be compliant with any applicable foreign asset/account, exchange control such regulations and tax reporting requirements and the Participant should consult his or her personal tax, legal and/or financial advisors on this matter. advisor for any details. View More
Found in Catalent Inc contract
Foreign Asset/Account Exchange Control and Tax Reporting. The Participant acknowledges that, depending on his or her country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends and the proceeds arising from the sale of Shares) derived from his or her Participant's participation in the Program, Plan in, to and/or from a brokerage/bank account or legal entity located outside the Participant's country. The... applicable laws in Participant's country may require that Participant may be required to report such accounts, assets, the assets and balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in the Participant's such country. The Participant may also may be required to repatriate sale proceeds or other funds received as a result of the Participant's participation in the Program Plan to the Participant's country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that he or she it is responsible Participant's responsibility to be compliant with such regulations and Participant is encouraged to consult with its personal legal advisor for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal tax, legal and/or financial advisors on this matter. details. View More
Found in CITIC Capital Acquisition Corp. contract