Common use of Country-Specific Terms and Conditions Clause in Contracts

Country-Specific Terms and Conditions. Notwithstanding any other provision of this Option Agreement to the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the Appendix to this Option Agreement which are applicable to the Participant’s country of residence, the provisions of which are incorporated in and constitute part of this Agreement. Moreover, if the Participant relocates to one of the countries included in the Appendix, the specific terms and conditions applicable to such country will apply to the Option to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan or this Option Agreement. FOR NON-US PARTICIPANTS This Appendix includes additional terms and conditions that govern the Option granted to the Participant under the Plan if the Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan and/or the Option Agreement. The Participant understands and agrees that the Company strongly recommends that the Participant not rely on the information herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the Option vests or are exercised or the Shares are issued under the Plan. The Participant further understands and agrees that if the Participant is a citizen or resident of a country other than the one in which the Participant is currently working, transfer employment after grant of the Participant, or is considered a resident of another country for local law purposes, the information contained herein may not apply to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply.

Appears in 1 contract

Samples: Stock Option Agreement (LDR Holding Corp)

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Country-Specific Terms and Conditions. Notwithstanding any other provision of this Option Agreement to the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the This Appendix to this Option Agreement which are applicable to the Participant’s country of residence, the provisions of which are incorporated in and constitute part of this Agreement. Moreover, if the Participant relocates to one of the countries included in the Appendix, the specific includes special terms and conditions applicable to such country will apply to the Option to the extent the Company determines that the application of such terms and conditions Grantee if Grantee is necessary or advisable in order to comply with local law or facilitate the administration of the Plan or this Option Agreement. FOR NON-US PARTICIPANTS This Appendix includes additional terms and conditions that govern the Option granted to the Participant under the Plan if the Participant resides primarily employed in one of the countries listed below. Capitalized These terms used but not defined in this Appendix have and conditions supplement or replace (as indicated) the meanings terms and conditions set forth in the Plan and/or the Option Award Agreement. The Participant understands If Grantee is a citizen or resident of a country other than the one in which he or she is currently primarily working, or if Grantee transfers primary employment or residency to another country after the Restricted Shares is granted, the Company, in its discretion but subject to applicable laws, will determine the extent to which the terms and agrees that conditions set forth in this Appendix will apply to the Grantee. This Appendix also includes information relating to exchange control, foreign asset / account reporting requirements and other issues of which Grantee should be aware with respect to his or her participation in the Plan. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Participant Grantee not rely on the information herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the Option Restricted Shares vests or are exercised or the Shares are issued shares acquired under the PlanPlan are sold. In addition, the information is general in nature and may not apply to Xxxxxxx’s particular situation. The Participant further understands and agrees that Company is not in a position to assure Xxxxxxx of any particular result. Accordingly, Xxxxxxx should seek appropriate professional advice as to how the relevant laws in his or her country may apply to his or her situation. Finally, if the Participant Grantee is a citizen or resident of a country other than the one in which the Participant he or she is currently primarily working, transfer or if Grantee transfers employment after grant of the Participant, or is considered a resident of residency to another country for local law purposesafter the Restricted Shares are granted, the information contained herein may not apply be applicable to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall applyGrantee.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Balchem Corp)

Country-Specific Terms and Conditions. Notwithstanding any other provision of this Option Agreement to the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the This Appendix to this Option Agreement which are applicable to the Participant’s country of residence, the provisions of which are incorporated in and constitute part of this Agreement. Moreover, if the Participant relocates to one of the countries included in the Appendix, the specific includes special terms and conditions applicable to such country will apply to the Option to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan or this Option Agreement. FOR NON-US PARTICIPANTS This Appendix includes additional terms and conditions that govern the Option granted to the Participant under the Plan Optionee if the Participant Optionee primarily resides in one of the countries listed below. Capitalized These terms used but not defined in this Appendix have and conditions supplement or replace (as indicated) the meanings terms and conditions set forth in the Plan and/or the Option Award Agreement. The Participant understands If Optionee is a citizen or resident of a country other than the one in which he or she is currently primarily working, or if Optionee transfers primary employment or residency to another country after the Options are granted, the Company, in its discretion but subject to applicable laws, will determine the extent to which the terms and agrees that conditions set forth in this Appendix will apply to the Optionee. This Appendix also includes information relating to exchange control, foreign asset / account reporting requirements and other issues of which Optionee should be aware with respect to his or her participation in the Plan. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Participant Optionee not rely on the information herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the Option Options vests or are exercised or the Shares are issued shares acquired under the PlanPlan are sold. In addition, the information is general in nature and may not apply to Optionee’s particular situation. The Participant further understands and agrees that Company is not in a position to assure Optionee of any particular result. Accordingly, Optionee should seek appropriate professional advice as to how the relevant laws in his or her country may apply to his or her situation. Finally, if the Participant Optionee is a citizen or resident of a country other than the one in which the Participant he or she is currently primarily working, transfer or if Optionee transfers employment after grant of the Participant, or is considered a resident of residency to another country for local law purposesafter the Options are granted, the information contained herein may not apply be applicable to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall applyOptionee.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Balchem Corp)

Country-Specific Terms and Conditions. Notwithstanding any other provision of this Option Agreement to the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the This Appendix to this Option Agreement which are applicable to the Participant’s country of residence, the provisions of which are incorporated in and constitute part of this Agreement. Moreover, if the Participant relocates to one of the countries included in the Appendix, the specific includes special terms and conditions applicable to such country will apply to the Option to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan or this Option Agreement. FOR NON-US PARTICIPANTS This Appendix includes additional terms and conditions that govern the Option granted to the Participant under the Plan Optionee if the Participant resides Optionee primarily employed is in one of the countries listed below. Capitalized These terms used but not defined in this Appendix have and conditions supplement or replace (as indicated) the meanings terms and conditions set forth in the Plan and/or Stock Option Grant Agreement. If the Optionee is a citizen or resident of a country other than the one in which he or she is currently primarily working, or if the Optionee transfers primary employment or residency to another country after the Option Agreementis granted, the Company, in its discretion but subject to applicable laws, will determine the extent to which the terms and conditions set forth in this Appendix will apply to the Optionee. The Participant understands This Appendix also includes information relating to exchange control, foreign asset / account reporting requirements and agrees that other issues of which the Company strongly recommends that Optionee should be aware with respect to his or her participation in the Participant Plan. Such laws are often complex and change frequently. As a result, the Optionee should not rely on the information herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the Option vests or are is exercised or the Shares are issued shares acquired under the PlanPlan are sold. In addition, the information is general in nature and may not apply to the Optionee’s particular situation. The Participant further understands and agrees that Company is not in a position to assure the Optionee of any particular result. Accordingly, the Optionee should seek appropriate professional advice as to how the relevant laws in his or her country may apply to his or her situation. Finally, if the Participant Optionee is a citizen or resident of a country other than the one in which the Participant he or she is currently working, transfer employment after grant of the Participantprimarily working and/or residing, or is considered a resident of if the Optionee transfers employment or residency to another country for local law purposesafter the Option is granted, the information contained herein may not apply be applicable to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall applyOptionee.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Balchem Corp)

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Country-Specific Terms and Conditions. Notwithstanding any other provision of this Option Agreement to the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the This Appendix to this Option Agreement which are applicable to the Participant’s country of residence, the provisions of which are incorporated in and constitute part of this Agreement. Moreover, if the Participant relocates to one of the countries included in the Appendix, the specific includes special terms and conditions applicable to such country will apply to the Option to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan or this Option Agreement. FOR NON-US PARTICIPANTS This Appendix includes additional terms and conditions that govern the Option granted to the Participant under the Plan Grantee if the Participant Grantee primarily resides in one of the countries listed below. Capitalized These terms used but not defined in this Appendix have and conditions supplement or replace (as indicated) the meanings terms and conditions set forth in the Plan and/or the Option Award Agreement. The Participant understands If Grantee is a citizen or resident of a country other than the one in which he or she is currently primarily working, or if Grantee transfers primary employment or residency to another country after the Restricted Shares is granted, the Company, in its discretion but subject to applicable laws, will determine the extent to which the terms and agrees that conditions set forth in this Appendix will apply to the Grantee. This Appendix also includes information relating to exchange control, foreign asset / account reporting requirements and other issues of which Grantee should be aware with respect to his or her participation in the Plan. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Participant Grantee not rely on the information herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the Option Restricted Shares vests or are exercised or the Shares are issued shares acquired under the PlanPlan are sold. In addition, the information is general in nature and may not apply to Xxxxxxx’s particular situation. The Participant further understands and agrees that Company is not in a position to assure Xxxxxxx of any particular result. Accordingly, Xxxxxxx should seek appropriate professional advice as to how the relevant laws in his or her country may apply to his or her situation. Finally, if the Participant Grantee is a citizen or resident of a country other than the one in which the Participant he or she is currently primarily working, transfer or if Grantee transfers employment after grant of the Participant, or is considered a resident of residency to another country for local law purposesafter the Restricted Shares are granted, the information contained herein may not apply be applicable to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall applyGrantee.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Balchem Corp)

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