Common use of Foreign Asset/Account Reporting; Exchange Controls Clause in Contracts

Foreign Asset/Account Reporting; Exchange Controls. Without limitation to any specific information stated in Exhibit A, the Participant acknowledges that his or her country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect the Participant’s ability to purchase or hold Shares subject to the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. He or she may be required to report such accounts, assets or transactions to the tax or other authorities in the Participant’s country. He or she also may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant further acknowledges that it is his or her responsibility to be compliant with such regulations, and that he or she should consult the Participant’s personal legal advisor for any details.

Appears in 4 contracts

Sources: Option Agreement (Seagate Technology PLC), Option Agreement (Seagate Technology PLC), Option Agreement (Seagate Technology PLC)

Foreign Asset/Account Reporting; Exchange Controls. Without limitation to any specific information stated in Exhibit A, the Participant acknowledges that his or her The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which US-DOCS\119733922.3 may affect the Participant’s ability to purchase acquire or hold Shares subject to under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. He or she The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in the Participant’s his or her country. He or she The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant further acknowledges that it is his or her responsibility to be compliant with such regulations, and that he or she the Participant should consult the Participant’s his or her personal legal advisor for any details.

Appears in 1 contract

Sources: Global Performance Restricted Stock Unit Award Agreement (Syneos Health, Inc.)