Common use of Director Notification Clause in Contracts

Director Notification. If the Participant is a director, associate director or shadow director of a Singapore Affiliate, the Singapore Companies Act requires the Participant (regardless of whether the Participant is a Singapore resident or employed in Singapore) to notify the Singapore Affiliate in writing of any interest (e.g., Options, Shares, etc.) that the Participant holds in the Company (or any related company) within two business days of (i) acquiring or disposing of such interest, (ii) any change in a previously-disclosed interest (e.g., upon exercise of the Option or sale of Shares), or (iii) becoming a director, associate director or shadow director, if the Participant holds such an interest at that time. SLOVAKIA There are no country specific provisions. SPAIN

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (EPAM Systems, Inc.), Qualified Stock Option Agreement (EPAM Systems, Inc.)

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Director Notification. If the Participant is a director, associate director or shadow director of a Singapore Affiliate, the Singapore Companies Act requires the Participant (regardless of whether the Participant is a Singapore resident or employed in Singapore) to notify the such Singapore Affiliate in writing of any interest (e.g., OptionsRSUs, Shares, etc.) that the Participant holds in the Company (or any related company) within two business days of (i) acquiring or disposing of such interest, (ii) any change in a previously-disclosed interest (e.g., upon exercise vesting of the Option RSUs or sale of Shares), or (iii) becoming a director, associate director or shadow director, if the Participant holds such an interest at that time. SLOVAKIA There are no country specific provisions. SPAINSLOVENIA

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

Director Notification. If the Participant is a director, associate director or shadow director of a Singapore Affiliate, the Singapore Companies Act requires the Participant (regardless of whether the Participant is a Singapore resident or employed in Singapore) to notify the Singapore Affiliate in writing of any interest (e.g., Options, Shares, etc.) that the Participant holds in the Company (or any related company) within two business days of (i) acquiring or disposing of such interest, (ii) any change in a previously-disclosed interest (e.g., upon exercise of the Option or sale of Shares), or (iii) becoming a director, associate director or shadow director, if the Participant holds such an interest at that time. SLOVAKIA There are no country specific provisions. SPAINNotifications

Appears in 1 contract

Samples: Qualified Stock Option Agreement (EPAM Systems, Inc.)

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Director Notification. If the Participant is a director, associate director or shadow director of a Singapore Affiliate, the Singapore Companies Act requires the Participant (regardless of whether the Participant is a Singapore resident or employed in Singapore) to notify the such Singapore Affiliate in writing of any interest (e.g., OptionsRSUs, Shares, etc.) that the Participant holds in the Company (or any related company) within two business days of (i) acquiring or disposing of such interest, (ii) any change in a previously-disclosed interest (e.g., upon exercise vesting of the Option RSUs or sale of Shares), or (iii) becoming a director, associate director or shadow director, if the Participant holds such an interest at that time. SLOVAKIA There are no country specific provisions. SPAINNotifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

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