Common use of Exchange Control Notice Clause in Contracts

Exchange Control Notice. If the Employee holds Shares purchased under the Plan outside of Austria, the Employee will be required to submit reports to the Austrian National Bank as follows: (i) on a quarterly basis if the value of the Shares as of any given quarter exceeds €30,000,000; and (ii) on an annual basis if the value of the Shares as of December 31 exceeds €5,000,000. The quarterly reporting date is as of the last day of the respective quarter; the deadline for filing the quarterly report is the 15th day of the month following the end of the respective quarter. The deadline for filing the annual report is January 31 of the following year. If the Employee sells Shares or receives any cash dividends, the Employee may have exchange control obligations if he or she holds the cash proceeds outside of Austria. If the transaction volume of all of the Employee’s accounts abroad exceeds €10,000,000, the Employee must report the movements and balances of all accounts on a monthly basis, as of the last day of the month, on or before the 15th day of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

Exchange Control Notice. If the Employee Participant holds Shares purchased acquired under the Plan outside of Austria, the Employee will be required to Participant must submit reports a report to the Austrian National Bank as follows: (i) on a quarterly basis Bank. An exemption applies if the value of the Shares as of any given quarter exceeds does not exceed €30,000,000; and (ii) on an annual basis if the value of the Shares 30,000,000 or as of December 31 exceeds does not exceed €5,000,000. If the former threshold is exceeded, quarterly obligations are imposed, whereas if the latter threshold is exceeded, annual reports must be given. The quarterly reporting date is as of the last day of the respective quarter; the deadline for filing the quarterly report is the 15th day of the month following the end of the respective quarter. The annual reporting date is December 31 and the deadline for filing the annual report is January 31 of the following year. If When the Employee Participant sells Shares acquired under the Plan or receives any cash dividendsa dividend payment, the Employee there may have be exchange control obligations if he or she holds the cash proceeds are held outside of Austria. If the transaction volume of all of the Employee’s accounts abroad exceeds €10,000,000, the Employee must report the movements and balances of all accounts on a monthly basismust be reported monthly, as of the last day of the month, on or before the 15th fifteenth day of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

Exchange Control Notice. If the Employee holds Shares purchased acquired under the Plan outside of Austria, the Employee will be required to submit reports to the Austrian National Bank as follows: (i) on a quarterly basis if the value of the Shares as of any given quarter exceeds €30,000,000; and (ii) on an annual basis if the value of the Shares as of December 31 exceeds €5,000,000. The If quarterly reporting date is as of required, the last day of reports must be filed by the respective quarter; the deadline for filing the quarterly report is the 15th fifteenth day of the month following the end last day of the respective quarter. The deadline for filing the annual report is January 31 of the following year. If the Employee sells Shares or receives any cash dividendsdividends or dividend equivalent payments, the Employee may have exchange control obligations if he or she holds the cash proceeds outside of Austria. If the transaction volume of all of the Employee’s accounts abroad exceeds €10,000,000, the Employee must report the movements and balances of all accounts on a monthly basis, as of the last day of the month, on or before the 15th fifteenth day of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

Exchange Control Notice. If the Employee Optionee holds Shares purchased acquired under the Plan outside of Austria, the Employee will be required to Optionee must submit reports a report to the Austrian National Bank as follows: (i) on a quarterly basis Bank. An exemption applies if the value of the Shares as of any given quarter exceeds does not exceed €30,000,000; and (ii) on an annual basis if the value of the Shares 30,000,000 or as of December 31 exceeds does not exceed €5,000,000. If the former threshold is exceeded, quarterly obligations are imposed, whereas if the latter threshold is exceeded, annual reports must be given. The quarterly reporting date is as of the last day of the respective quarter; the deadline for filing the quarterly report is the 15th day of the month following the end of the respective quarter. The annual reporting date is December 31 and the deadline for filing the annual report is January 31 of the following year. If When the Employee Optionee sells Shares acquired under the Plan or receives any cash dividendsa dividend payment, the Employee Optionee may have be required to comply with certain exchange control obligations if he or she holds the cash proceeds are held outside of Austria. If the transaction volume of all of the Employee’s accounts abroad exceeds €10,000,000, the Employee must report the movements and balances of all accounts on a monthly basismust be reported monthly, as of the last day of the month, on or before the 15th fifteenth day of the following month, month on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).