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Common use of Foreign Asset and Account Reporting Clause in Contracts

Foreign Asset and Account Reporting. Participant’s country of employment (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold shares under the Option or cash received in connection with the Option (including from any dividends received or sale proceeds resulting from the sale of shares) in a brokerage or bank account outside of 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 acknowledges that it is Participant’s responsibility to comply with any applicable regulations, and that Participant should speak to Participant’s personal advisor on this matter.

Appears in 2 contracts

Samples: Nonqualified Stock Option Inducement Award Agreement (INSMED Inc), Nonqualified Stock Option Inducement Award Agreement (INSMED Inc)

Foreign Asset and Account Reporting. Participant’s country of employment (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold shares Shares under the Option Plan or cash received from participating in connection with the Option Plan (including from any dividends received or sale proceeds resulting from the sale of sharesShares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets, assets or transactions to the tax or other authorities in Participant’s his or her country. Participant acknowledges that it is Participant’s his or her responsibility to comply with any applicable regulations, and that Participant should speak to Participant’s his or her personal advisor on this matter.

Appears in 2 contracts

Samples: Stock Option Agreement (Altair Engineering Inc.), Stock Option Agreement (NeuBase Therapeutics, Inc.)

Foreign Asset and Account Reporting. Participant’s country of employment or service (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold shares under the Option or cash received in connection with the Option (including from any dividends received or sale proceeds resulting from the sale of shares) in a brokerage or bank account outside of 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 acknowledges that it is Participant’s responsibility to comply with any applicable regulations, and that Participant should speak to Participant’s personal advisor on this matter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (INSMED Inc), Non Qualified Stock Option Agreement (INSMED Inc)

Foreign Asset and Account Reporting. Participant’s country of employment (and country of residence, if different) may have certain exchange control and/or foreign asset/account reporting requirements which may affect Participant’s ability to acquire or hold shares Shares under the Option Plan or cash received from participating in connection with the Option Plan (including from any dividends or dividend equivalents received or sale proceeds resulting from the sale of sharesShares) in a brokerage or bank account outside of Participant’s country. Participant may be required to report such accounts, assets, assets or transactions to the tax or other authorities in Participant’s his or her country. Participant acknowledges that it is Participant’s his or her responsibility to comply with any applicable regulations, and that Participant should speak to Participant’s his or her personal advisor on this matter.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Nutanix, Inc.)