Common use of Acknowledgments; Section 83(b) Election Clause in Contracts

Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Shares. The Recipient acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares and that the Recipient has decided not to file a Section 83(b) election.

Appears in 9 contracts

Samples: Restricted Stock Agreement (Brainstorm Cell Therapeutics Inc.), Incentive Stock Option Agreement (Demandware Inc), Incentive Stock Option Agreement (Demandware Inc)

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Acknowledgments; Section 83(b) Election. The Recipient Participant acknowledges that he or she is responsible for obtaining the advice of the RecipientParticipant’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient Participant understands that the Recipient Participant (and not the Company) shall be responsible for the RecipientParticipant’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Shares. The Recipient Participant acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares and that the Recipient Participant has decided not to file a Section 83(b) election.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.)

Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Shares. The Recipient acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, amended (a “Section 83(b) Election”) with respect to the issuance of the Restricted Shares and that Shares. The Recipient agrees to promptly deliver written notice to the Company in the event the Recipient has decided not to file makes a Section 83(b) electionElection with respect to the Restricted Shares.

Appears in 4 contracts

Samples: Restricted Stock Agreement (X4 Pharmaceuticals, Inc), Restricted Stock Agreement (X4 Pharmaceuticals, Inc), Restricted Stock Agreement (Arsanis, Inc.)

Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Shares. The Recipient acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares Shares[ and that the Recipient has decided not to file a Section 83(b) election.] [The Recipient agrees that he or she will deliver written notice to the Company if he or she files a Section 83(b) election and he or she will provide for the tax withholding obligations that would apply if such an election is made.]

Appears in 3 contracts

Samples: Restricted Stock Agreement (Curis Inc), Restricted Stock Agreement (Curis Inc), Restricted Stock Agreement (Curis Inc)

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Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Shares. The Recipient acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares and that Shares. Following the execution of this Agreement, the Recipient has decided not thirty (30) days following such execution to file the 83(b) election with the Internal Revenue Service. A copy of such notification should be delivered to the Company in writing. The recipient shall also notify the Company in writing if the Recipient has not filed a Section 83(b) election.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Ocean Power Technologies, Inc.), Restricted Stock Agreement (Ocean Power Technologies, Inc.)

Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted SharesShares and any Accrued Dividends. The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares and any Accrued Dividends with respect to such Restricted Sharesany Accrued Dividends. The Recipient acknowledges that he or she has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares and that the Recipient has decided not to file a Section 83(b) election.

Appears in 1 contract

Samples: Restricted Stock Agreement (Pc Connection Inc)

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