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

Foreign Asset/Account Reporting; Exchange Control. Participant acknowledges that Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in Participant’s country. Participant also may be required to repatriate sale 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 time after receipt. Participant further acknowledges that it is Participant’s responsibility to be compliant with such regulations, and that Participant should consult his or her personal legal advisor for any details.

Appears in 4 contracts

Samples: Stock Option Agreement (Ambarella Inc), Restricted Stock Unit Agreement (Ambarella Inc), Restricted Stock Unit Agreement (Ambarella Inc)

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Foreign Asset/Account Reporting; Exchange Control. Participant acknowledges that The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in Participant’s his or her country. The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to Participant’s his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant further acknowledges that it is Participant’s his or her responsibility to be compliant with such regulations, and that the Participant should consult his or her personal legal advisor for any details.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Tupperware Brands Corp)

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