Common use of Exchange Control Requirements Clause in Contracts

Exchange Control Requirements. By accepting the Award, the Recipient acknowledges that he or she understands and agrees that, due to exchange control requirements in China, the Recipient is not permitted to transfer any Shares acquired under the Plan out of the Recipient’s account established with the Company’s designated broker. In addition, as a condition of participation, the Recipient must execute the Power of Attorney below and agree to certain special terms and conditions as set forth below to comply with exchange control requirements in China and allow the Plan to continue in operation. Any and all Awards granted to the Recipient (including any and all outstanding Awards previously granted, any Shares issued to the Recipient in respect thereof, as well as current and future grants of Awards issued to the Recipient hereafter) are subject to local exchange control requirements, including the following special terms and conditions:

Appears in 16 contracts

Samples: Performance Share Agreement (Coca Cola Co), Restricted Stock Unit Agreement (Coca Cola Co), Performance Share Agreement (Coca Cola Co)

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