Common use of Compliance with Applicable Laws; No Company Liability Clause in Contracts

Compliance with Applicable Laws; No Company Liability. No Shares shall be issued or delivered pursuant to the settlement of the Restricted Stock Units unless such issuance or delivery complies with Applicable Laws. The Company shall not be liable to the Participant or other persons as to (a) the non-issuance or delivery of Shares as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance or delivery of any Shares hereunder and (b) any tax consequence expected, but not realized, by the Participant or other person due to the receipt, vesting or settlement of the Restricted Stock Units.

Appears in 26 contracts

Samples: Performance Share Unit Agreement (Logitech International S.A.), Restricted Stock Unit Agreement (Logitech International S.A.), Performance Restricted Stock Unit Agreement

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Compliance with Applicable Laws; No Company Liability. No Shares shall be issued or delivered pursuant to the settlement exercise of the Restricted Stock Units Options unless such issuance or delivery complies with Applicable Laws. The Company shall not be liable to the Participant or other persons as to (a) the non-issuance or delivery of Shares as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance or delivery of any Shares hereunder and (b) any tax consequence expected, but not realized, by the Participant or other person due to the receipt, vesting or settlement exercise of the Restricted Stock UnitsOptions.

Appears in 2 contracts

Samples: Stock Option Agreement, Stock Option Agreement (Logitech International Sa)

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