Common use of Exchange Control Notification Clause in Contracts

Exchange Control Notification. The Grantee may hold shares of Common Stock acquired under the Plan outside of Switzerland provided that he or she declares all foreign accounts (including any accounts that were opened or closed during the tax year) on his or her annual Swiss tax declaration.

Appears in 24 contracts

Sources: Stock Appreciation Rights Agreement (ENVIRI Corp), Restricted Stock Units Agreement (ENVIRI Corp), Performance Share Units Agreement (ENVIRI Corp)

Exchange Control Notification. The Grantee may hold shares of Common Stock acquired under the Plan outside of Switzerland provided that he or she declares all foreign accounts - 11 - (including any accounts that were opened or closed during the tax year) on his or her annual Swiss tax declaration.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (ENVIRI Corp)