Common use of Conformity with Non-U.S. Laws Clause in Contracts

Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (i) to the extent any of the provisions in this Article X (or any equity award described herein) do not conform with applicable non-U.S. laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties in good faith, and (ii) the provisions of this Article X may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X to awards subject to non-U.S. laws.

Appears in 4 contracts

Samples: Employee Matters Agreement (TimkenSteel Corp), Employee Matters Agreement (Timken Co), Employee Matters Agreement (TimkenSteel Corp)

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Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (i) to the extent any of the provisions in this Article X III (or any equity award described herein) do not conform with applicable non-U.S. laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties Parties in good faith, and (ii) the provisions of this Article X III may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X III to awards subject to non-U.S. laws.

Appears in 3 contracts

Samples: Employee Matters Agreement (Babcock & Wilcox Enterprises, Inc.), Employee Matters Agreement (Babcock & Wilcox Co), Employee Matters Agreement (Babcock & Wilcox Enterprises, Inc.)

Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (ia) to the extent any of the provisions in this Article X 9 (or any equity award described herein) do not conform with applicable non-U.S. laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties in good faith, and (iib) the provisions of this Article X 9 may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X 9 to awards subject to non-U.S. laws.

Appears in 3 contracts

Samples: Employee Matters Agreement (Manitowoc Co Inc), Employee Matters Agreement (Manitowoc Foodservice, Inc.), Employee Matters Agreement (Manitowoc Foodservice, Inc.)

Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (i) to the extent any of the provisions in this Article X (or any equity award described herein) do not conform with applicable non-U.S. laws (including provisions for the collection of withholding taxes), such provisions shall will be modified to the extent necessary to conform with such non-U.S. laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties in good faith, and (ii) the provisions of this Article X may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X to awards subject to non-U.S. laws.

Appears in 2 contracts

Samples: Employee Matters Agreement (Horizon Global Corp), Employee Matters Agreement (Horizon Global Corp)

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Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (i) to the extent any of the provisions in this Article X III (or any equity award described herein) do not conform with applicable non-U.S. laws Laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. laws Laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties Parties in good faith, and (ii) the provisions of this Article X III may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X III to awards subject to non-U.S. lawsLaws.

Appears in 2 contracts

Samples: Employee Matters Agreement (Crane NXT, Co.), Employee Matters Agreement (Crane Co)

Conformity with Non-U.S. Laws. Notwithstanding anything to the contrary in this Agreement, (i) to the extent any of the provisions in this Article X IX (or any equity award described herein) do not conform with applicable non-U.S. laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties in good faith, and (ii) the provisions of this Article X IX may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this Article X IX to awards subject to non-U.S. laws.

Appears in 1 contract

Samples: Employee Matters Agreement (Delphi Technologies PLC)

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