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

Foreign Asset/Account Reporting Requirements. Employee acknowledges that there may be certain foreign asset and/or account reporting requirements which may affect his or her ability to acquire or hold the shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the shares of Common Stock acquired under the Plan) in a brokerage or bank account outside his or her country. Employee may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Employee also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to his or her country through a designated bank or broker within a certain time after receipt. Employee acknowledges that it is his or her responsibility to be compliant with such regulations, and he or she should speak to his or her personal advisor on this matter.

Foreign Asset/Account Reporting Requirements. Employee The Participant acknowledges that there may be certain foreign asset and/or account reporting requirements which may affect his or her the Participant’s ability to acquire or hold the shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the shares of Common Stock acquired under the Plan) in a brokerage or bank account outside his or her the Participant’s country. Employee The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her the Participant’s country. Employee The Participant also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to his or her the Participant’s country through a designated bank or broker within a certain time after receipt. Employee The Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and he or she should the Participant is advised to speak to his or her personal advisor on this matter.