Foreign Asset/Account and Tax Reporting Requirements; Exchange Controls. Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting of the RSUs, the acquisition, holding and/or transfer of Shares or cash (including dividends and the proceeds arising from the sale of shares) from participant’s participation in the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan. Participant may be required to report such assets, accounts, account balances and values, any cross-border transactions, and/or related transactions to the applicable authorities in Participant’s country and Participant may be required to report any acquisition or sale of Shares and any taxable income attributable to the RSUs to the applicable tax authority or other authority in Participant’s country (including on Participant’s annual tax return, if applicable). Participant may also be required to repatriate sales proceeds or other funds received as a result of Participant’s participation in the Plan to Participant’s country through a designated bank or broker and/or within a certain period of time after receipt. Participant acknowledges that Participant is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting and other requirements and should consult Participant’s own personal tax and legal advisors, as applicable, on these matters.
Foreign Asset/Account and Tax Reporting Requirements; Exchange Controls. Depending on the country in which the Optionee resides and/or works, the Optionee may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting or exercise of the Option, the acquisition, holding and/or transfer of Shares resulting from participation in the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan. The Optionee may be required to report such assets, accounts, account balances and values, any cross-border transactions, and/or related transactions to the applicable authorities in the Optionee’s country and the Optionee may be required to report any acquisition or sale of Shares and any taxable income attributable to the Option to the applicable tax authority or other authority in the Optionee’s country (including on Optionee’s annual tax return, if applicable). The Optionee may also be required to repatriate sales proceeds or other funds received as a result of the Optionee’s participation in the Plan to the Optionee’s country through a designated bank or broker and/or within a certain period of time after receipt. The Optionee acknowledges that the Optionee is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting and other requirements. The Optionee further understands that the Optionee should consult the Optionee’s personal tax and legal advisors, as applicable, on these matters.
