Common use of Reporting Notification Clause in Contracts

Reporting Notification. The Optionee is required to declare electronically to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the Shares held in such account if the value of the transactions during the prior tax year or the balances in such accounts as of December 31 of the prior tax year exceed €1,000,000. More frequent reporting is required if such transaction value or account balance exceeds €100,000,000. Further, to the extent that the Optionee holds shares of Common Stock and/or has bank accounts outside Spain with a value in excess of €50,000 (for each type of asset) as of December 31, the Optionee will be required to report information on such assets on his or her tax return for such year. After such shares and/or accounts are initially reported, the reporting obligation will apply for subsequent years only if the value of any previously-reported shares or accounts increases by more than €20,000. Securities Law Notification. No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory with respect to the Option. No public offering prospectus has been, nor will it be registered with the Comisión Nacional del ▇▇▇▇▇▇▇ de Valores (Spanish Securities Exchange Commission) (“CNMV”). Neither the Plan nor the Agreement constitute a public offering prospectus and they have not been, nor will they be, registered with the CNMV. There are no country-specific provisions.

Appears in 1 contract

Sources: Global Stock Option Agreement (Moneygram International Inc)

Reporting Notification. The Optionee Participant is required to declare electronically to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the Shares held in such account accounts if the value of the transactions during the prior tax year or the balances in such accounts as of December 31 of the prior tax year exceed €1,000,000. More frequent reporting is required if such transaction value or account balance exceeds €100,000,000. Further, to the extent that the Optionee Participant holds shares of Common Stock Shares and/or has bank accounts outside Spain with a value in excess of €50,000 (for each type of asset) as of December 31, the Optionee Participant will be required to report information on such assets on his or her tax return for such year. After such shares Shares and/or accounts are initially reported, the reporting obligation will apply for subsequent years only if the value of any previously-reported shares Shares or accounts increases by more than €20,000. Securities Law Notification. No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory with respect to the OptionRSU. No public offering prospectus has been, nor will it be registered with the Comisión Nacional del ▇▇▇▇▇▇▇ de Valores (Spanish Securities Exchange Commission) (“CNMV”). Neither the Plan nor the Agreement constitute a public offering prospectus and they have not been, nor will they be, registered with the CNMV. There are no country-specific provisions.

Appears in 1 contract

Sources: Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Reporting Notification. The Optionee Participant is required to declare electronically to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the Shares held in such account accounts if the value of the transactions during the prior tax year or the balances in such accounts as of December 31 of the prior tax year exceed €1,000,000. More frequent reporting is required if such transaction value or account balance exceeds €100,000,000. Further, to the extent that the Optionee Participant holds shares of Common Stock Shares and/or has bank accounts outside Spain with a value in excess of €50,000 (for each type of asset) as of December 31, the Optionee Participant will be required to report information on such assets on his or her tax return for such year. After such shares Shares and/or accounts are initially reported, the reporting obligation will apply for subsequent years only if the value of any previously-reported shares Shares or accounts increases by more than €20,000. Securities Law Notification. No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory with respect to the OptionUnit. No public offering prospectus has been, nor will it be registered with the Comisión Nacional del ▇▇▇▇▇▇▇ de Valores (Spanish Securities Exchange Commission) (“CNMV”). Neither the Plan nor the Agreement constitute a public offering prospectus and they have not been, nor will they be, registered with the CNMV. There are no country-specific provisions.

Appears in 1 contract

Sources: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)