Common use of Exchange Control Notification Clause in Contracts

Exchange Control Notification. You must repatriate all proceeds received from the sale of the shares to India within 90 days after sale. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the employer requests proof of repatriation.

Appears in 18 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

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Exchange Control Notification. You must repatriate all the proceeds received from the sale of Shares acquired under the shares Plan and any dividends received in relation to the Shares to India within 90 days after salereceipt. You will receive a must maintain the foreign inward remittance certificate (“FIRC”) received from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds currency is deposited in the event that the Reserve Bank of India or the employer your Employer requests proof of repatriation.

Appears in 4 contracts

Samples: Award Notice (Amgen Inc), Award Notice (Amgen Inc), Award Notice (Amgen Inc)

Exchange Control Notification. You Participant must repatriate all proceeds received from the sale of the shares Shares to India within 90 days after sale. You Participant will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit he or she deposits the foreign currency. You Participant should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the employer requests proof of repatriation.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Cameron International Corp), Restricted Stock Unit Award Agreement (Cameron International Corp), Incentive Stock Option Agreement (Cameron International Corp)

Exchange Control Notification. You understand that you must repatriate all any proceeds received from the sale of Shares acquired under the shares Plan to India within 90 ninety (90) days after saleof receipt. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds the proceeds in the event that the Reserve Bank of India or the employer Employer requests proof of repatriation. You are also responsible for complying with any other exchange control laws in India that may apply to the Award or the Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Award (Itron Inc /Wa/)

Exchange Control Notification. You must repatriate all proceeds received resulting from the sale of shares of Stock issued upon vesting of the shares Restricted Stock Units to India within 90 a reasonable time (i.e., ninety (90) days after salereceipt). You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the employer Employer requests proof of repatriation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ciena Corp)

Exchange Control Notification. You understand that you must repatriate all any proceeds received from the sale of Shares acquired under the shares Plan to India within 90 ninety (90) days after saleof receipt. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds the proceeds in the event that the Reserve Bank of India or the employer Employer requests proof of repatriation.

Appears in 1 contract

Samples: Restricted Stock Unit Award (Itron Inc /Wa/)

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Exchange Control Notification. You Indian residents must repatriate all to India any proceeds received from the sale of the shares to India Shares within 90 days after saleof receipt and any dividends received in relation to Shares within 180 days of receipt. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You currency is deposited and should maintain retain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the employer Employer requests proof of repatriation. It is your responsibility to comply with the applicable exchange control laws in India.

Appears in 1 contract

Samples: Employee Stock Purchase Agreement (Maxim Integrated Products Inc)

Exchange Control Notification. You understand that you must repatriate all any proceeds received from the sale of Shares acquired under the shares Plan to India and convert the proceeds into local currency within 90 ninety (90) days after saleof receipt. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds the proceeds in the event that the Reserve Bank of India or the employer Employer requests proof of repatriation.

Appears in 1 contract

Samples: Restricted Stock Unit Award (Itron Inc /Wa/)

Exchange Control Notification. You must repatriate all proceeds received from the sale of the shares to India within 90 days after sale. You will receive a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC (Employee Univ NQSO) Page 13 of 22 as evidence of the repatriation of funds in the event that the Reserve Bank of India or the employer requests proof of repatriation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (PERRIGO Co PLC)

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