Common use of Foreign Asset/Account, Exchange Control Reporting Clause in Contracts

Foreign Asset/Account, Exchange Control Reporting. Depending upon the country to which Laws the Grantee is subject, the Grantee may have certain exchange control, foreign asset and/or account reporting requirements that may affect the Grantee’s ability to acquire or hold Common Units under the Plan or cash received from participating in the Plan (including from any sale proceeds arising from the sale of Common Units) in the Grantee’s Fidelity brokerage account or a bank or other brokerage account outside the Grantee’s country of residence. The Grantee’s country may require that he or she report such accounts, assets or transactions to the applicable authorities in the Grantee’s country. The Grantee also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Grantee is responsible for knowledge of and compliance with any such regulations and should speak with his or her own personal tax, legal and financial advisors regarding same. APPENDIX D

Appears in 3 contracts

Samples: Award Agreement (KKR & Co. L.P.), Award Agreement (KKR & Co. L.P.), Public Company Holdings Unit Award (KKR & Co. L.P.)

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Foreign Asset/Account, Exchange Control Reporting. Depending upon the country to which Laws the Grantee is subject, the Grantee may have certain exchange control, foreign asset and/or account reporting requirements that may affect the Grantee’s ability to acquire or hold Class A Common Units Stock under the Plan or cash received from participating in the Plan (including from any sale proceeds arising from the sale of Class A Common UnitsStock) in the Grantee’s Fidelity brokerage account or a bank or other brokerage account outside the Grantee’s country of residence. The Grantee’s country may require that he or she report such accounts, assets or transactions to the applicable authorities in the Grantee’s country. The Grantee also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Grantee is responsible for knowledge of and compliance with any such regulations and should speak with his or her own personal tax, legal and financial advisors regarding same. APPENDIX D

Appears in 1 contract

Samples: Award Agreement (KKR & Co. Inc.)

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