Common use of Exchange Control Notice Clause in Contracts

Exchange Control Notice. The Employee must report any foreign investments (including Shares acquired under the Plan) to the Croatian National Bank for statistical purposes and obtain prior approval of the Croatian National Bank for bank accounts opened abroad. However, because exchange control regulations may change without notice, the Employee should consult with his or her personal legal advisor to ensure compliance with current regulations. It is the Employee’s responsibility to comply with Croatian exchange control laws.

Exchange Control Notice. The Employee Participant must report any foreign investments (including Shares acquired under the Plan) to the Croatian National Bank for statistical purposes and obtain prior approval of the Croatian National Bank for bank accounts opened abroadpurposes. However, because exchange control regulations may change without notice, the Employee Participant should consult with his or her personal legal advisor to ensure compliance with current regulations. It The Participant acknowledges that he or she personally is the Employee’s responsibility to comply responsible for complying with Croatian exchange control laws.