Common use of Exchange Control Notification Clause in Contracts

Exchange Control Notification. Cross-border payments in excess of a specified threshold (currently EUR 12,500) must be reported monthly to the German Federal Bank (Bundesbank). For payments made or received in connection with securities (including proceeds realized upon the sale of shares of Common Stock), the report must be filed electronically using the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇). The Participant is personally responsible for complying with applicable exchange control requirements in Germany.

Appears in 6 contracts

Sources: Restricted Stock Unit Agreement (Flowserve Corp), Performance Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp)

Exchange Control Notification. Cross-border payments in excess of a specified threshold €12,500 (currently EUR 12,500including transactions made in connection with the sale of securities) must be reported monthly to the German Federal Bank (Bundesbank). For payments made If the Grantee makes or received receives a payment in excess of this amount in connection with securities (including proceeds realized upon the sale of shares of Common Stock)Grantee’s participation in the Plan, the Grantee must report must be filed the payment to Bundesbank electronically using the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇). The Participant is personally responsible for complying with applicable exchange control requirements in Germany.

Appears in 5 contracts

Sources: Phantom Share Award Agreement (MYT Netherlands Parent B.V.), Share Option Award Agreement (MYT Netherlands Parent B.V.), Restricted Share Award Agreement (MYT Netherlands Parent B.V.)

Exchange Control Notification. Cross-border payments in excess of a specified threshold (currently EUR 12,500) 12,500 must be reported monthly to the German Federal Bank (Bundesbank). For payments made or received If a German resident receives a payment in connection with securities (including proceeds realized upon the sale excess of shares of Common Stock)this amount, the individual must report must be filed the payment to Bundesbank, either electronically using the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s on the Bundesbank website (▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇)) or via such other method (e.g., by email or telephone) as is permitted or required by Bundesbank. The Participant report must be submitted monthly or within other such timing as is personally responsible for complying with applicable exchange control requirements in Germanypermitted or required by Bundesbank.

Appears in 4 contracts

Sources: Cash Incentive Award Agreement (First Solar, Inc.), Performance Cash Incentive Award Agreement (First Solar, Inc.), Performance Cash Incentive Award Agreement (First Solar, Inc.)

Exchange Control Notification. Cross-border payments in excess of a specified threshold (currently EUR 12,500) 12,500 must be reported monthly to the German Federal Bank (Bundesbank)Bank. For payments made or received in connection with securities (including proceeds realized upon The German Holder must report the sale of shares of Common Stock), the report must be filed payment to Bundesbank electronically using the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇). The Participant is personally responsible for complying with applicable exchange control requirements In addition, the German Holder must also report on an annual basis in Germanythe unlikely event that the German Holder holds shares of Stock exceeding 10% of the total voting capital of the Company.

Appears in 4 contracts

Sources: Restricted Stock Unit Award Agreement (Mativ Holdings, Inc.), Performance Share Unit Award Agreement (Mativ Holdings, Inc.), Restricted Stock Unit Award Agreement (Mativ Holdings, Inc.)

Exchange Control Notification. Cross-border payments in excess of a specified threshold (currently EUR 12,500) €12,500 in connection with the sale of securities must be reported monthly to the Servicezentrum Außenwirtschaftsstatistik, which is the competent federal office of the Deutsche Bundesbank (the German Federal Bank (Bundesbank)Central Bank) for such notifications in Germany. For payments made or received in connection with securities (including proceeds realized upon It is the sale of shares of Common Stock)Optionee’s responsibility to complete any necessary notifications. If the Optionee uses a German commercial bank to effectuate such cross-border payment, the report must be filed electronically using bank will provide the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (▇▇▇Optionee with the required form.▇▇▇▇▇▇▇▇▇▇.▇▇). The Participant is personally responsible for complying with applicable exchange control requirements in Germany.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Brightcove Inc)

Exchange Control Notification. Cross-border payments in excess of a specified threshold (currently EUR 12,500) €12,500 in connection with the sale of securities must be reported monthly to the Servicezentrum Außenwirtschaftsstatistik, which is the competent federal office of the Deutsche Bundesbank (the German Federal Bank (Bundesbank)Central Bank) for such notifications in Germany. For payments made or received in connection with securities (including proceeds realized upon It is the sale of shares of Common Stock)Grantee’s responsibility to complete any necessary notifications. If the Grantee uses a German commercial bank to effectuate such cross-border payment, the report must be filed electronically using bank will provide the “General Statistics Reporting Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (▇▇▇Grantee with the required form.▇▇▇▇▇▇▇▇▇▇.▇▇). The Participant is personally responsible for complying with applicable exchange control requirements in Germany.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Brightcove Inc)