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

Foreign Asset/Account Reporting; Exchange Controls. Grantee acknowledges that Grantee’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect Grantee’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 Grantee’s country. Grantee may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Grantee also may be required to repatriate sale proceeds or other funds received as a result of Grantee’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. Grantee further acknowledges that it is his or her responsibility to be compliant with such regulations, and Grantee should consult his or her personal legal advisor for any details.

Foreign Asset/Account Reporting; Exchange Controls. Grantee acknowledges that GranteeXxxxxxx’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect Grantee’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 GranteeXxxxxxx’s country. Grantee may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Grantee also may be required to repatriate sale proceeds or other funds received as a result of GranteeXxxxxxx’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. Grantee Xxxxxxx further acknowledges that it is his or her responsibility to be compliant with such regulations, and Grantee Xxxxxxx should consult his or her personal legal advisor for any details.