Common use of Director Reporting Requirement Clause in Contracts

Director Reporting Requirement. If the Grantee is a director of the local affiliate in Malaysia, the Grantee has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee is granted a Stock Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and the Grantee receives Shares, (iii) when Shares are sold or (iv) when there is an event giving rise to a change with respect to the Grantee’s interest in the Company. The Grantee must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 27 contracts

Samples: Restricted Stock Unit Award Agreement (Jabil Inc), Restricted Stock Unit Award Agreement (Jabil Inc), Restricted Stock Unit Award Agreement (Jabil Inc)

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Director Reporting Requirement. If the Grantee Malaysian Participant is a director of the local affiliate in Malaysia, the Grantee Malaysian Participant has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee Malaysian Participant is granted a Stock RIU Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and Malaysian Participant receives the Grantee receives SharesCommon Units, (iii) when Shares Common Units are sold or (iv) when there is an event giving rise to a change with respect to the GranteeMalaysian Participant’s interest in the Company. The Grantee Malaysian Participant must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 2 contracts

Samples: Restricted Incentive Unit Award Agreement – Initial Award (Nextracker Inc.), Restricted Incentive Unit Award Agreement (Nextracker Inc.)

Director Reporting Requirement. If the Grantee is a director of the local affiliate in Malaysia, the Grantee has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee is granted a Stock Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and the Grantee receives Shares, (iii) when Shares are sold or (iv) when there is an event giving rise to a change with respect to the Grantee’s interest in the Company. The Grantee must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.. Notifications Applicable to Singapore

Appears in 2 contracts

Samples: Based Restricted Stock Unit Award Agreement (Jabil Circuit Inc), Based Restricted Stock Unit Award Agreement (Jabil Circuit Inc)

Director Reporting Requirement. If the Grantee Malaysian Participant is a director of the local affiliate in Malaysia, the Grantee Malaysian Participant has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee Malaysian Participant is granted a Stock an Option Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and Malaysian Participant receives the Grantee receives Sharesshares of Common Stock, (iii) when Shares shares of Common Stock are sold or (iv) when there is an event giving rise to a change with respect to the GranteeMalaysian Participant’s interest in the Company. The Grantee Malaysian Participant must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 1 contract

Samples: Stock Option Award Agreement (Nextracker Inc.)

Director Reporting Requirement. If the Grantee Malaysian Participant is a director of the local affiliate in Malaysia, the Grantee Malaysian Participant has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee Malaysian Participant is granted a Stock PSU Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and Malaysian Participant receives the Grantee receives Sharesshares of Common Stock, (iii) when Shares shares of Common Stock are sold or (iv) when there is an event giving rise to a change with respect to the GranteeMalaysian Participant’s interest in the Company. The Grantee Malaysian Participant must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 1 contract

Samples: Form of Performance Stock Unit Award Agreement (Nextracker Inc.)

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Director Reporting Requirement. If the Grantee Malaysian Participant is a director of the local affiliate in Malaysia, the Grantee Malaysian Participant has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee Malaysian Participant is granted a Stock RSU Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and Malaysian Participant receives the Grantee receives Sharesshares of Common Stock, (iii) when Shares shares of Common Stock are sold or (iv) when there is an event giving rise to a change with respect to the GranteeMalaysian Participant’s interest in the Company. The Grantee Malaysian Participant must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Nextracker Inc.)

Director Reporting Requirement. If the Grantee Malaysian Participant is a director of the local affiliate in Malaysia, the Grantee Malaysian Participant has an obligation to notify the local affiliate in Malaysia in writing: (i) when the Grantee Malaysian Participant is granted a Stock an Option Award under the Plan, (ii) when the Grantee’s Restricted Stock Units are settled and Malaysian Participant receives the Grantee receives SharesCommon Units, (iii) when Shares Common Units are sold or (iv) when there is an event giving rise to a change with respect to the GranteeMalaysian Participant’s interest in the Company. The Grantee Malaysian Participant must provide this notification within 14 days of the date the interest is acquired or disposed of or the occurrence of the event giving rise to the change to enable the local affiliate in Malaysia to comply with the relevant requirements of the Malaysian authorities. The Malaysian Companies Act prescribes criminal penalties for directors who fail to provide such notice.

Appears in 1 contract

Samples: Option Award Agreement (Nextracker Inc.)

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