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

Foreign Asset/Account Reporting; Exchange Controls. Participant’s country of residence may have certain foreign asset and/or account reporting or exchange control requirements which may affect his or her ability to acquire or hold Shares under the Award Agreement or cash received (including proceeds arising from the sale of Shares) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Participant may also be required to repatriate sale proceeds or other funds received as a result of his/her participation in the Plan to his or her country through a designated broker or bank and/or within a certain time after receipt. Participant is responsible for ensuring compliance with such regulations and should consult with his or her personal legal advisor for any details.

Foreign Asset/Account Reporting; Exchange Controls. The Participant’s country of residence may have certain foreign asset and/or account reporting or requirements and/or exchange control requirements controls which may affect his or her the Participant’s ability to acquire or hold Shares under the Award Agreement or maintain cash received (including proceeds arising from the sale of Shares) pursuant to an Award in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. The Participant also may also be required to remit or repatriate sale proceeds or other funds received as a result of his/her the Participant’s participation in the Plan to his or her country through a designated bank or broker or bank and/or within a certain time after receipt. The Participant acknowledges that it is responsible for ensuring compliance his or her responsibility to be compliant with such regulations regulations, and the Participant should consult with his or her personal legal advisor for any details.

Foreign Asset/Account Reporting; Exchange Controls. Participant’s country of residence may have certain foreign asset and/or account reporting or exchange control requirements which may affect his or his/her ability to acquire or hold Shares under the Award Agreement or cash received (including proceeds arising from the sale of Shares) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or his/her country. Participant may also be required to repatriate sale proceeds or other funds received as a result of his/her participation in the Plan to his or his/her country through a designated broker or bank and/or within a certain time after receipt. Participant is responsible for ensuring compliance with such regulations and should consult with his or his/her personal legal advisor for any details.