Common use of Foreign Asset/Account Reporting Notification Clause in Contracts

Foreign Asset/Account Reporting Notification. If the Participant holds securities (e.g., Shares) or maintains a foreign bank account, this must be reported to the French tax authorities when filing his or her annual tax return, whether such accounts are open, current or closed. Failure to comply could trigger significant penalties. The Participant should consult with his or her personal tax advisor to ensure compliance with applicable reporting obligations.

Appears in 12 contracts

Samples: Option Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.)

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Foreign Asset/Account Reporting Notification. If the Participant holds securities (e.g., Shares) or maintains a foreign bank account, this must be reported to the French tax authorities when filing his or her annual tax return, whether such accounts are open, current or closed. Failure to comply could trigger significant penalties. The Participant should consult with his or her personal tax advisor to ensure compliance with applicable reporting obligations.

Appears in 7 contracts

Samples: Incentive Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.), Incentive Award Agreement (First Solar, Inc.)

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Foreign Asset/Account Reporting Notification. If the Participant holds securities (e.g., the Shares) or maintains a foreign bank account, this must be reported to the French tax authorities when filing his or her annual tax return, whether such accounts are open, current or closed. Failure to comply could trigger significant penalties. The Participant should consult with his or her personal tax advisor to ensure compliance with applicable reporting obligations.

Appears in 4 contracts

Samples: Share Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.), Award Agreement (First Solar, Inc.)

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