Common use of Exchange Control Requirements Clause in Contracts

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employer, and you hereby consent and agree that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 4 contracts

Sources: Award Notice (Amgen Inc), Award Notice (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued to you upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employer, and you hereby consent and agree that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 4 contracts

Sources: Award Notice (Amgen Inc), Award Notice (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant Pursuant to local exchange control requirementsrequirements in China, you the Participant will be required to immediately repatriate the to China any cash proceeds from the sale of the Shares issued upon settlement of acquired under the Performance Units and from Plan or the receipt of any dividends or Dividend Equivalents to Chinapaid on such Shares (unless immediately reinvested, as described above). You further understand The Participant understands that, under applicable laws, such repatriation of your the cash proceeds will may need to be effectuated through a special exchange control account established by the Company or any Affiliate, including a member of the EmployerCompany Group in China, and you the Participant hereby consent consents and agree agrees that any proceeds from the sale of Shares or the receipt of dividends may be transferred to such special account prior to being delivered to youthe Participant. You The Participant also understand understands that the Company will deliver the proceeds to you the Participant as soon as possible, but that there may be delays in distributing the funds to you the Participant due to exchange control requirements in Chinarequirements. Proceeds The Participant understands that the proceeds may be paid to you the Participant in U.S. dollars or in local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you the Participant will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree Finally, the Participant agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 4 contracts

Sources: Restricted Stock Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends Dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the your Employer, and you hereby consent and agree that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 3 contracts

Sources: Performance Unit Agreement (Amgen Inc), Performance Unit Agreement (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued to you upon settlement of the Performance Units and from the receipt of any dividends Dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the your Employer, and you hereby consent and agree that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 3 contracts

Sources: Restricted Stock Unit Agreement (Amgen Inc), Restricted Stock Unit Agreement (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of PRSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliateother Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc), Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued to you upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employer, and you hereby consent and agree that any proceeds from the sale of the Shares may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Award Notice (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of acquired under the Performance Units and from the receipt of any dividends or Dividend Equivalents Plan to China. You further understand that, under applicable lawslocal law, such repatriation of your the cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, a Related Corporation or any Affiliate, including the Employer, and you hereby consent and agree that any cash proceeds from the sale of Shares acquired under the Plan may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is in under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Restricted Stock Unit Award (Itron Inc /Wa/), Restricted Stock Unit Award (Itron Inc /Wa/)

Exchange Control Requirements. You understand By accepting the Restricted Stock Units, Participant understands and agree agrees that, pursuant to local exchange control requirements, you Participant will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You Participant further understand understands that, under applicable lawslocal law, such repatriation of your the cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliate, including the Employeranother Subsidiary, and you Participant hereby consent consents and agree agrees that any proceeds from the sale of any Shares Participant acquires upon the vesting and settlement of Restricted Stock Units and any dividends may be transferred to such special account prior to being delivered to youParticipant. You also understand Participant further understands that the Company proceeds will deliver the proceeds be delivered to you Participant as soon as possible, but that there may be delays in distributing the funds to you Participant due to exchange control requirements in China. Proceeds may be paid to you Participant in U.S. dollars or local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you Participant will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, Participant agrees that the Company Company, the Employer or any other Subsidiary in China is under no obligation to secure any particular currency exchange conversion rate and the Company there may face be delays in converting the cash proceeds to local currency due to exchange control restrictions. You Participant agrees to bear any currency fluctuation risk between the time the cash proceeds are received and the time the cash proceeds are distributed to Participant through the special account described above. Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc), Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc)

Exchange Control Requirements. You understand By accepting this Award of Restricted Stock Units, Participant understands and agree agrees that, pursuant to local exchange control requirements, you Participant will be required to repatriate the cash proceeds from the immediate sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You Participant further understand understands that, under applicable lawslocal law, such repatriation of your cash proceeds will may need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employerand/or its Chinese Subsidiary, and you Participant hereby consent consents and agree agrees that any proceeds from the sale of any Shares Participant acquires may be transferred to such special account prior to being delivered to youParticipant. You also understand Participant further agrees to comply with any other requirements that may be imposed by the Company will deliver in the proceeds future to you as soon as possible, but that there may be delays in distributing the funds to you due to facilitate compliance with exchange control requirements in China. Proceeds The proceeds may be paid to you Participant in U.S. dollars or in local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you Participant understands and agrees that he or she will be required to set up a U.S. dollar bank account in China (if Participant does not already have one) so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, Participant further understands and agrees that the Company or its Chinese Subsidiary is under no obligation to secure any particular currency exchange conversion rate and the Company there may face be delays in converting the cash proceeds to local currency due to exchange control restrictions. You Participant agrees to bear any currency fluctuation risk between the time the cash proceeds are received and the time the cash proceeds are distributed to Participant through the special account described above. Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with China exchange control requirements in Chinarequirements.

Appears in 2 contracts

Sources: Global Restricted Stock Unit Agreement (Rimini Street, Inc.), Global Restricted Stock Unit Agreement (Rimini Street, Inc.)

Exchange Control Requirements. You understand The Employee understands and agree agrees that, pursuant if he or she is subject to local exchange control requirements, you the Employee will be required to repatriate the cash proceeds from the immediate sale of the Shares shares of Common Stock issued upon settlement the vesting of the Performance Units and from the receipt of any dividends or Dividend Equivalents Award to China. You The Employee further understand understands that, under applicable lawslocal law, such repatriation of your the Employee’s cash proceeds will may need to be effectuated effected through a special exchange control account established by the Company or any an Affiliate, including and the Employer, Employee hereby consents and you hereby consent and agree agrees that any proceeds from the sale of any shares of Common Stock the Employee acquires may be transferred to such special account prior to being delivered to youthe Employee. You also understand that the Company will deliver the The proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you the Employee in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you the Employee in U.S. dollars, you the Employee understands that he or she will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you the Employee in local currency, the Employee acknowledges that the Company is under no obligation to secure any particular currency exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Employee agrees to bear any currency fluctuation risk between the time the shares of Common Stock are sold and the time the proceeds are distributed to the Employee. The Employee further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Global Restricted Stock Unit Agreement (Sapient Corp), Global Restricted Stock Unit Agreement (Sapient Corp)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of RSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliatetheir respective Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Advanced Micro Devices Inc), Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of RSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliateother Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Advanced Micro Devices Inc), Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of PRSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any other Affiliate, including the Employer, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to immediately repatriate the cash proceeds from the sale of shares of Common Stock related to the Shares issued upon settlement of RSUs (or any other award granted under the Performance Units and from the receipt of Plan or any dividends or Dividend Equivalents predecessor plan) to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Corporation (or any Affiliate, including the Employeraffiliate or subsidiary), and you hereby consent and agree that any proceeds may from the sale of shares of Common Stock will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver Corporation may face delays in converting the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you local currency due to exchange control requirements restrictions in China. Proceeds may be paid to you in U.S. dollars or local currency at the CompanyCorporation’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into in this account. If the proceeds are paid to you in local currency, the Company Corporation is under no obligation to secure any particular currency conversion rate rate, and you understand that the Company Corporation may face delays in converting the proceeds to local currency due to exchange control restrictionsrestrictions in China. You agree to bear any currency fluctuation risk between the time the shares are sold and the time the sale proceeds are distributed through any such special exchange account. You further agree to comply with any other requirements that may be imposed by the Company Corporation in the future in order to facilitate compliance with the exchange control requirements in China.

Appears in 1 contract

Sources: Global Restricted Share Unit Award Agreement (Johnson & Johnson)

Exchange Control Requirements. You understand By accepting the Performance Restricted Stock Unit award, the Recipient understands and agree agrees that, pursuant to local exchange control requirements, you the Recipient will be required to immediately repatriate the cash proceeds from the sale of the PRSU Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You The Recipient further understand understands that, under applicable lawslocal law, such repatriation of your cash proceeds will may need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employerand/or a Subsidiary Corporation, and you the Recipient hereby consent consents and agree agrees that any proceeds from the sale of any PRSU Shares the Recipient acquires may be transferred to such special account prior to being delivered to youthe Recipient. You also understand The Recipient further agrees to comply with any other requirements that may be imposed by the Company will deliver in the proceeds future to you as soon as possible, but that there may be delays in distributing the funds to you due to facilitate compliance with exchange control requirements in China. Proceeds The proceeds may be paid to you the Recipient in U.S. U. S. dollars or in local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you the Recipient understands and agrees that he or she will be required to set up a U.S. dollar bank account in China (if the Recipient does not already have one) so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Recipient further understands and agrees that the Company and/or the Employer is under no obligation to secure any particular currency exchange conversion rate and the Company there may face be delays in converting the cash proceeds to local currency due to exchange control restrictions. You The Recipient agrees to bear any currency fluctuation risk between the time the cash proceeds are received and the time the cash proceeds are distributed to the Recipient through the special account described above. The Recipient further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with China exchange control requirements in Chinarequirements.

Appears in 1 contract

Sources: Performance Restricted Stock Unit Agreement (Ametek Inc/)

Exchange Control Requirements. You understand The Participant understands and agree agrees that, pursuant to local exchange control requirements, you the Participant will be required to immediately repatriate the sale proceeds, and cash proceeds from the sale of the dividends paid on such Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents Equivalent Payments to China. You The Participant further understand understands that, under applicable lawslocal law, such repatriation of your cash his or her proceeds will may need to be effectuated through a special exchange control account established by the Company Company, any parent or any Affiliatesubsidiary corporation of the Company, including the Employer, and you the Participant hereby consent consents and agree agrees that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in ChinaParticipant. Proceeds may be paid to you the Participant in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you the Participant in U.S. dollars, you the Participant will be required to set up a U.S. dollar bank account in China (if he or she has not already done so) and provide the bank account details to the Employer and/or the Company so that the proceeds may be deposited into this account. If the proceeds are paid to you the Participant in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Nike Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of PRSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliatetheir respective Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employer, and you hereby consent and agree that any proceeds from the sale of the shares may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Award Notice (Amgen Inc)

Exchange Control Requirements. You understand Participant understands and agree agrees that, pursuant to local exchange control requirements, you Participant will be required to repatriate the cash proceeds from the sale of the Shares issued upon the settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents RSUs to China. You Participant further understand understands that, under applicable laws, such repatriation of your Participant’s cash proceeds will may need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the EmployerParticipant’s employer, and you Participant hereby consent consents and agree agrees that any proceeds from the sale of any Shares Participant acquires may be transferred to such special account prior to being delivered to youParticipant. You Participant also understand understands that the Company will deliver the proceeds to you Participant as soon as possible, but that there may be delays in distributing the funds to you Participant due to exchange control requirements in China. Proceeds may be paid to you Participant in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you Participant in U.S. dollars, you Participant will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you Participant in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Xperi Holding Corp)

Exchange Control Requirements. You understand The Participant understands and agree agrees that, pursuant to local exchange control requirements, you the Participant will be required to immediately repatriate the cash proceeds from the sale cashless exercise of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents Option to China. You The Participant further understand understands that, under applicable lawslocal law, such repatriation of your his or her cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliate, including other subsidiary corporation or affiliate of the EmployerCompany, and you the Participant hereby consent consents and agree agrees that any proceeds from the sale of shares may be transferred to such special account prior to being delivered to youthe Participant. You also understand that the Company will deliver the The proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you the Participant in U.S. dollars or local currency at the Company’s discretion. If In the event the proceeds are paid to you the Participant in U.S. dollars, you the Participant understands that the Participant will be required to set up a U.S. dollar bank account in China (if he or she has not already done so) and provide the bank account details to the Employer and/or the Company so that the proceeds may be deposited into this account. If the proceeds are paid to you the Participant in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and/or conversion date and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Participant agrees to bear any currency fluctuation risk between the time the shares are sold or dividends are received and the time the proceeds are distributed through any such special exchange account. The Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Option Agreement (Nike Inc)

Exchange Control Requirements. You understand and agree that, pursuant Due to local exchange control requirementslaws in the PRC, you the Optionee understands and agrees that the Optionee will be required to immediately repatriate the cash proceeds from the sale cashless sell-all exercise of the Shares issued upon settlement Option to the PRC. The Optionee further understands and agrees any proceeds from the cashless sell-all exercise of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds Option will need to be effectuated repatriated to the PRC through a special exchange control account established by the Company or any Affiliate, including one of its Affiliates in the EmployerPRC, and you the Optionee hereby consent consents and agree agrees that any proceeds from the cashless sell-all exercise of the Option may be transferred to such special account prior to being delivered to youthe Optionee. You also understand that the Company will deliver the The proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you the Optionee in U.S. dollars or local currency at the Company’s discretion. If In the event the proceeds are paid to you the Optionee in U.S. dollars, you the Optionee understands that he or she will be required to set up a U.S. dollar bank account in China and provide the bank account details to the Service Recipient and/or the Company so that the proceeds may be deposited into this account. If the proceeds are paid to you the Optionee in local currency, the Company is under no obligation Optionee agrees to secure bear any particular currency conversion rate fluctuation risk between the time the Option Shares are sold and the Company may face delays in converting time the proceeds are distributed to local currency due to exchange control restrictionsthe Optionee through any such special account. You The Optionee further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Substitute Global Stock Option Agreement (SunEdison Semiconductor LTD)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to China. You further understand that, under applicable laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employer, and you hereby consent and agree that any proceeds from the sale of the shares may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid Appendix - 5 to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Award Notice (Amgen Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement of acquired under the Performance Units and from the receipt of any dividends or Dividend Equivalents Plan to China. You further understand that, under applicable lawslocal law, such repatriation of your the cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, a Related Corporation or any Affiliate, including the Employer, and you hereby consent and agree that any cash proceeds from the sale of Shares acquired under the Plan may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Restricted Stock Unit Award (Itron Inc /Wa/)

Exchange Control Requirements. You understand The Participant understands and agree agrees that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon the settlement of the Performance Units RSUs (and from any other funds related to participation in the receipt of any dividends or Dividend Equivalents Plan) must be repatriated to China. You The Participant further understand understands that, under applicable laws, such repatriation of your the Participant’s cash proceeds will and other funds may need to be effectuated through a special exchange control account established by the Company or any Affiliate, including the Employeran affiliate thereof, and you the Participant hereby consent consents and agree agrees that any proceeds from the sale of any Shares or other funds the Participant acquires may be transferred to such special account prior to being delivered to youthe Participant. You The Participant also understand understands that the Company will deliver the proceeds funds to you the Participant as soon as possible, but that there may be delays in distributing the funds to you the Participant due to exchange control requirements in China. Proceeds may be paid to you the Participant in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you the Participant in U.S. dollars, you the Participant will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you the Participant in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Participant also understands and agrees that the Company is not responsible for any currency fluctuation that may occur between the date the Shares are sold and the date the cash proceeds are distributed to the Participant. The Participant further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Restricted Share Unit Award Agreement (Mellanox Technologies, Ltd.)

Exchange Control Requirements. You understand The Recipient understands and agree agrees that, pursuant to local exchange control requirements, you the Recipient will be required to immediately repatriate the sale proceeds, and cash proceeds from the sale of the Shares issued upon settlement of the Performance Units dividends paid on such shares and from the receipt of any dividends or Dividend Equivalents Equivalent Payments to China. You The Recipient further understand understands that, under applicable lawslocal law, such repatriation of your cash his or her proceeds will may need to be effectuated through a special exchange control account established by the Company Company, any parent or any Affiliatesubsidiary corporation, including or the Employer, and you the Recipient hereby consent consents and agree agrees that any proceeds may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in ChinaRecipient. Proceeds may be paid to you the Recipient in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you the Recipient in U.S. dollars, you the Recipient will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you the Recipient in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Recipient further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Global Restricted Stock Unit Agreement (Nike Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of RSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliatetheir respective Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China▇▇▇▇▇.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand The Optionee understands and agree agrees that, pursuant to local exchange control requirements, you the Optionee will be required to immediately repatriate the cash proceeds from the sale cashless exercise of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents Option to China. You The Optionee further understand understands that, under applicable lawslocal law, such repatriation of your his or her cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliate, including other subsidiary or affiliate of the EmployerCompany, and you the Optionee hereby consent consents and agree agrees that any proceeds from the sale of shares may be transferred to such special account prior to being delivered to youthe Optionee. You also understand that the Company will deliver the The proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you the Optionee in U.S. dollars or local currency at the Company’s discretion. If In the event the proceeds are paid to you the Optionee in U.S. dollars, you the Optionee understands that the Optionee will be required to set up a U.S. dollar bank account in China and provide the bank account details to the Employer and/or the Company so that the proceeds may be deposited into this account. If the proceeds are paid to you the Optionee in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and/or conversion date and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You The Optionee agrees to bear any currency fluctuation risk between the time the shares are sold or dividends are received and the time the proceeds are distributed through any such special exchange account. The Optionee further agree agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Nike Inc)

Exchange Control Requirements. You By accepting the Option, you understand and agree that, pursuant to local exchange control requirements, any Option Shares you acquire upon exercise of the Option must be held in an account with the Company’s designated broker. You further understand that you are only permitted to sell Option Shares acquired under the Plan through the Company’s designated broker. You further understand and agree that you will be required to repatriate the any cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to ChinaOption Shares. You further understand that, under applicable lawslocal law, such repatriation of your cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, the Employer or any another Affiliate, including the Employer, and you hereby consent and agree that any proceeds from the sale may be transferred to such special account prior to being delivered to you. You also further understand that the Company proceeds will deliver the proceeds be delivered to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, you understand and agree that the Company is under no obligation to secure any particular currency exchange conversion rate and the Company there may face be delays in converting the cash proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the cash proceeds are received and the time the cash proceeds are distributed to you through the special account described above. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Stock Option Agreement (Tapestry, Inc.)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of any dividends or Dividend Equivalents RSUs to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will may need to be effectuated through a special exchange control account established by the Company Company, its Parent, Subsidiary or any Affiliate, including Affiliate or the Employer, and you hereby consent and agree that any proceeds from the sale of any Shares you acquire may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Restricted Stock Unit Award (Advanced Micro Devices Inc)

Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the sale of the Shares issued upon settlement the vesting of the Performance Units and from the receipt of PRSUs as well as any cash dividends or Dividend Equivalents paid on such Shares to China. You further understand that, under applicable lawsApplicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company Company, the Employer or any Affiliatetheir respective Parents, including the EmployerSubsidiaries or Affiliates, and you hereby consent and agree that any proceeds may from the sale of any Shares you acquire or from cash dividends paid on such Shares will be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular currency exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China▇▇▇▇▇.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

Exchange Control Requirements. You By accepting the Option, you understand and agree that, pursuant to local exchange control requirements, any Option Shares you acquire upon exercise of the Option must be held in an account with the Company’s designated broker. You further understand that you are only permitted to sell Option Shares acquired under the Plan through the Company’s designated broker. You further understand and agree that you will be required to repatriate the any cash proceeds from the sale of the Shares issued upon settlement of the Performance Units and from the receipt of any dividends or Dividend Equivalents to ChinaOption Shares. You further understand that, under applicable lawslocal law, such repatriation of your cash proceeds will may need to be effectuated through a special exchange control account established by the Company or any another Affiliate, including the Employer, and you hereby consent and agree that any proceeds from the sale may be transferred to such special account prior to being delivered to you. You also further understand that the Company proceeds will deliver the proceeds be delivered to you as soon as possible, but that there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, you understand and agree that the Company is under no obligation to secure any particular currency exchange conversion rate and the Company there may face be delays in converting the cash proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the cash proceeds are received and the time the cash proceeds are distributed to you through the special account described above. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Sources: Stock Option Agreement (Tapestry, Inc.)