Common use of Foreign Asset Reporting Information Clause in Contracts

Foreign Asset Reporting Information. The Participant is required to report details of any assets held outside Japan as of December 31st (including Shares acquired under the Plan), to the extent such assets have a total net fair market value exceeding ¥50 million. Such report will be due by March 15th each year. The Participant should consult with the Participant’s personal tax advisor to determine if the reporting obligation applies to the Participant’s personal situation.

Appears in 3 contracts

Samples: Stock Units Award Agreement, Award Agreement (Silicon Laboratories Inc), Award Agreement (Silicon Laboratories Inc)

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Foreign Asset Reporting Information. The If Participant hold assets outside of Japan with a value exceeding ¥50,000,000 (as of December 31 each year), Participant is required to report details of any assets held outside Japan as of December 31st (including Shares acquired under the Plan), comply with annual tax reporting obligations with respect to the extent such assets have a total net fair market value exceeding ¥50 millionassets. Such report will be due by March 15th each year. The Participant should consult with the Participant’s a personal tax advisor to determine if the ensure that he or she is properly complying with applicable reporting obligation applies to the Participant’s personal situationrequirements.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Rimini Street, Inc.), Restricted Stock Unit Agreement (Rimini Street, Inc.)

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