Common use of Exchange Control Restrictions Clause in Contracts

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 10 contracts

Samples: Global Non Qualified Stock Option Agreement (Boston Scientific Corp), Global Non Qualified Stock Option Agreement (Boston Scientific Corp), Global Non Qualified Stock Option Agreement (Boston Scientific Corp)

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Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 8 contracts

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp), Global Deferred Stock Unit Award Agreement, Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand Participant understands and agree agrees that, pursuant if Participant is subject to local exchange control requirementslaws in China, you Participant will be required immediately to repatriate immediately to China the proceeds from the sale of any shares of Stock Shares acquired under the Plan. You Participant further understand understands that such repatriation of sale proceeds may need to must be effected through a special bank account established by the Company or its Affiliate, with a financial institution in China and you Participant hereby consent consents and agree agrees that proceeds from the sale of shares of Stock Shares acquired under the Plan may be transferred to such account by the Company on your Participant's behalf prior to being delivered to you Participant and that no interest shall be paid with respect to funds held in such account. The Sale proceeds may be paid to you Participant in U.S. dollars or local currency at the Company’s discretion. If the sale proceeds are paid to you Participant in U.S. dollars, you understand Participant understands that Participant must establish and maintain a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the sale proceeds are paid to you Participant in local currency, you acknowledge Participant acknowledges that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the sale proceeds to local currency due to exchange control restrictions. You agree Participant agrees to bear any currency fluctuation risk between the time the shares of Common Stock are sold and the net proceeds are converted into local currency and distributed to youParticipant. You Participant further agree agrees to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 6 contracts

Samples: Global Employee Nonqualified Stock Option Agreement (BIO-TECHNE Corp), Global Restricted Stock Unit Agreement (BIO-TECHNE Corp), Global Employee Nonqualified Stock Option Agreement (BIO-TECHNE Corp)

Exchange Control Restrictions. You By accepting the grant, you understand and agree that, pursuant to local exchange control requirements, that you will be required to immediately to repatriate to China the proceeds from the sale of any shares of Stock Shares acquired under the PlanPlan or from any cash dividends paid or such Shares. You further understand that such repatriation of the proceeds may need to be effected through a special bank exchange control account established by the Company or its any Affiliate, and you hereby consent and agree that the proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company (or its designated broker) on your behalf prior to being delivered to you you. You also acknowledge and understand that no interest shall there may be paid with respect a delay between the date the Shares are sold and the date the cash proceeds are distributed to funds held in you. You further agree to sign any agreements, forms and/or consents that may be reasonably requested by the Company (or the Company’s designated broker) to effectuate such accounttransfers. The proceeds may be paid to you in U.S. dollars United States Dollars or local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollarsUnited States Dollars, you understand that you will be required to set up a U.S. dollar United States Dollar bank account in China must be established and maintained so that the proceeds may be deposited into such this account. If the proceeds are paid to you in local currency, (i) you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You , and (ii) you agree to bear any currency fluctuation risk between the time the shares of Stock Shares are sold or dividends are paid and the net time the proceeds are converted into to local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 5 contracts

Samples: Performance Based Restricted Share Unit Grant Agreement (Carnival PLC), Management Incentive Plan Tied Restricted Share Unit Grant Agreement (Carnival PLC), Restricted Share Unit Agreement (Carnival PLC)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its AffiliateCompany, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 4 contracts

Samples: Global Deferred Stock Unit Award Agreement, Global Deferred Stock Unit Award Agreement (Boston Scientific Corp), Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand The Participant understands and agree that, pursuant agrees that he or she is required to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from of the sale of Shares, any shares of Stock acquired cash dividends or dividend equivalents, and any other funds realized under the PlanPlan to China. You The Participant further understand understands that such the repatriation of proceeds such funds may need to be effected through a special bank exchange control account established by the Company or its Affiliate, a subsidiary of the Company and you the Participant hereby consent consents and agree agrees that proceeds from the sale of shares of Stock acquired under the Plan such funds may be transferred to such special account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such the Participant’s personal account. The proceeds Participant also understands that the Company will deliver sale proceeds, any cash dividends or dividend equivalents, and any other funds realized under the Plan to the Participant as soon as practicable, but that there may be delays in distributing the funds due to exchange control requirements in China. Funds may be paid to you the Participant in U.S. dollars or local currency at the Company’s discretion. If the proceeds funds are paid to you in U.S. dollars, you understand that the Participant will be required to set up a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such this account. If the proceeds funds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange currency conversion rate and that the Company may face delays in converting the proceeds funds to local currency due to exchange control restrictionscurrency. You agree The Participant agrees to bear any currency fluctuation risk between the time the shares of Stock Shares are sold and the time (i) the Tax-Related Items are converted to local currency and remitted to the tax authorities and/or (ii) the net proceeds are converted into to local currency and distributed to youthe Participant. You The Participant further agree agrees to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Cerence Inc.), Performance Based Restricted Stock Unit Award Agreement (Cerence Inc.), Restricted Stock Unit Award Agreement (Cerence Inc.)

Exchange Control Restrictions. You By accepting the Award, you understand and agree that, pursuant to local exchange control requirements, that you will be required to immediately to repatriate to China the proceeds from the sale of any shares of Stock Shares acquired under the PlanPlan or from any cash dividends paid or such Shares. You further understand that such repatriation of the proceeds may need to be effected through a special bank exchange control account established by the Company or its any Affiliate, and you hereby consent and agree that the proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company (or its designated broker) on your behalf prior to being delivered to you you. You also acknowledge and understand that no interest shall there may be paid with respect a delay between the date the Shares are sold and the date the cash proceeds are distributed to funds held in you. You further agree to sign any agreements, forms and/or consents that may be reasonably requested by the Company (or the Company’s designated broker) to effectuate such accounttransfers. The proceeds may be paid to you in U.S. dollars United States Dollars or local currency currency, at the Company’s discretion. If the proceeds are paid to you in U.S. dollarsUnited States Dollars, you understand that you will be required to set up a U.S. dollar United States Dollar bank account in China must be established and maintained so that the proceeds may be deposited into such this account. If the proceeds are paid to you in local currency, (i) you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You , and (ii) you agree to bear any currency fluctuation risk between the time the shares of Stock Shares are sold or dividends are paid and the net time the proceeds are converted into to local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 3 contracts

Samples: Executive Time Based Restricted Share Unit Agreement (Carnival PLC), Restricted Share Unit Agreement (Carnival PLC), Special Time Based Restricted Share Unit Agreement (Carnival PLC)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock Shares acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its AffiliateSubsidiary, and you hereby consent and agree that proceeds from the sale of shares of Stock Shares acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock Shares are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates Subsidiaries in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Ingredion Inc), Restricted Stock Units Award Agreement (Ingredion Inc), Performance Share Award Agreement (Ingredion Inc)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock Shares acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its AffiliateSubsidiaries, and you hereby consent and agree that proceeds from the sale of shares of Stock Shares acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock Shares are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and or its Affiliates Subsidiaries in China in the future in order to facilitate compliance with exchange control requirements in China. You acknowledge and agree that the processes and requirements set forth herein shall continue to apply following your termination.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Ingredion Inc), Stock Option Award Agreement (Ingredion Inc)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China immediately the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Samples: Global Non Qualified Stock Option Agreement, Global Non Qualified Stock Option Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Common Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to shall be effected through a special bank account established by the Company or its AffiliateCompany, and you hereby consent and agree that proceeds from the sale of shares of Common Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Common Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (State Street Corp), Restricted Stock Unit Award Agreement (State Street Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred –Rev 12.2021 to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate immediately to China the proceeds from the sale of any shares of Common Stock acquired under the Plan. You further understand that such repatriation of sale proceeds may need to must be effected through a special bank account established by the Company or its Affiliate, with a financial institution in China and you hereby consent and agree that proceeds from the sale of shares of Common Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The Sale proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the sale proceeds are paid to you in U.S. dollars, you understand that you must establish and maintain a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the sale proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the sale proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Common Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.. NQSO | Revised November 2019 A-8

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject Rev. 6.2013 12 to local exchange control requirementslaws in China, you will be required immediately to repatriate to China immediately the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its AffiliateCompany, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired -Rev. 1.2018 FCF Program under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand Participant understands and agree that, pursuant to local exchange control requirements, you agrees that Participant will be required to immediately to repatriate to China any funds received under the Plan (e.g., proceeds from the sale of any shares of Stock acquired under the PlanShares) to China. You Participant further understand understands that such repatriation of proceeds may the funds will need to be effected through a special bank exchange control account established by the Company or its Affiliatea Subsidiary, and you Participant hereby consent consents and agree agrees that proceeds from the sale of shares of Stock acquired under the Plan such funds may be transferred to such special account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such Participant’s personal account. Participant also understands that the Company will deliver any funds to Participant as soon as practicable, but that there may be delays in distributing the funds due to exchange control requirements in China. The proceeds funds may be paid to you Participant in U.S. dollars or local currency at the Company’s discretion. If the proceeds funds are paid to you Participant in U.S. dollars, you understand Participant understands that he or she will be required to set up a U.S. dollar bank account in China must be established and maintained so that the proceeds funds may be deposited into such this account. If the proceeds funds are paid to you Participant in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange currency conversion rate and that the Company may face delays in converting the proceeds funds to local currency due to exchange control restrictions. You agree Participant agrees to bear any currency fluctuation risk between the time the shares of Stock Shares are sold (or other funds are received) and the net proceeds time (i) the Tax-Related Items are converted into to local currency and remitted to the tax authorities and/or (ii) the net funds are converted to local currency and distributed to youParticipant. You Participant further agree agrees to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Pacific Biosciences of California, Inc.)

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Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.. –Rev 1.2024

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The The 1. 2018 TSR Program proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its AffiliateCompany, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between –Rev 1.2023 the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred –Rev 1.2021 to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Non Qualified Stock Option Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear -Rev 1.2018 AQ any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant if you are subject to local exchange control requirementslaws in China, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s 's discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Non Qualified Stock Option Agreement (Boston Scientific Corp)

Exchange Control Restrictions. You understand and agree that, pursuant to local exchange control requirements, you will be required immediately to repatriate to China the proceeds from the sale of any shares of Stock acquired under the Plan. You further understand that such repatriation of proceeds may need to be effected through a special bank account established by the Company or its Affiliate, and you hereby consent and agree that proceeds from the sale of shares of Stock acquired under the Plan may be transferred to such account by the Company on your behalf prior to being delivered to you and that no interest shall be paid with respect to funds held in such account. The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in China must be established and maintained so that the proceeds may be deposited into such account. If the proceeds are paid to you in local currency, you acknowledge that the Company is under no obligation to secure any particular exchange conversion rate and that the Company may face delays -Rev 1.2018 in converting the proceeds to local currency due to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares of Stock are sold and the net proceeds are converted into local currency and distributed to you. You further agree to comply with any other requirements that may be imposed by the Company and its Affiliates in the future in order to facilitate compliance with exchange control requirements in China.

Appears in 1 contract

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

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