Common use of Account Reporting Notification Clause in Contracts

Account Reporting Notification. In the unlikely event that the Participant holds Shares exceeding 1% of the Company’s total shares of common stock, the Participant must notify his or her local tax office of the acquisition of Shares if the acquisition costs for all Shares held by the Participant exceeds €150,000 or if the Participant holds 10% or more in the Company’s total shares of common stock. HONDURAS There are no country-specific provisions. INDIA NOTIFICATIONS

Appears in 3 contracts

Samples: Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.)

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Account Reporting Notification. In the unlikely event that the Participant holds Shares exceeding 1% of the Company’s total shares of common stock, the Participant must notify his or her local tax office of the acquisition of Shares if the acquisition costs for all Shares held by the Participant exceeds €150,000 or if the Participant holds 10% or more in the Company’s total shares of common stock. HONDURAS There are no country-specific provisions. INDIA NOTIFICATIONSINDIA

Appears in 1 contract

Samples: Option Award Agreement (First Solar, Inc.)

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