Common use of FOREIGN ASSET Clause in Contracts

FOREIGN ASSET. ACCOUNT REPORTING, EXCHANGE CONTROL AND TAX REQUIREMENTS. You acknowledge that there may be certain foreign asset and/or account reporting requirements and exchange controls which may affect your ability to acquire or hold shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on shares of Common Stock acquired under the Plan) in a brokerage or bank account outside your country. You may be required to report such accounts, assets or transactions to the tax or other authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt. In addition, you may be subject to tax payment and/or reporting obligations in connection with any income realized under the Plan and/or from the sale of shares of Common Stock. You acknowledge that it is your responsibility to be compliant with all such requirements, and you are advised to consult your personal legal and tax advisors, as applicable, to ensure your compliance.

Appears in 2 contracts

Samples: Restricted Stock Unit Grant Agreement (Synopsys Inc), Restricted Stock Unit Grant Agreement (Synopsys Inc)

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FOREIGN ASSET. ACCOUNT AND TAX REPORTING, EXCHANGE CONTROL AND TAX REQUIREMENTSCONTROLS. You acknowledge that there Your country may be have certain foreign asset asset, account and/or account tax reporting requirements and exchange controls which may affect your ability to acquire or hold shares of Common Stock acquired Ordinary Shares under the Plan or cash received from participating in the Plan (including from any dividends paid on shares received or sale proceeds arising from the sale of Common Stock acquired under the PlanOrdinary Shares) in a brokerage or bank account outside your country. You understand that you may be required to report such accounts, assets or transactions to the tax or other authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker and/or within a certain time after receipt. In addition, you may be subject to tax payment and/or reporting obligations in connection with any income realized under the Plan and/or from the sale of shares of Common StockOrdinary Shares. You acknowledge that it is your responsibility to be compliant you are responsible for complying with all such requirements, and that you are advised to should consult your personal legal and tax advisors, as applicable, to ensure your compliance.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement

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FOREIGN ASSET. ACCOUNT REPORTING, EXCHANGE CONTROL AND TAX REQUIREMENTS. You acknowledge that there may be certain foreign asset and/or account reporting requirements and exchange controls which may affect your ability to acquire or hold shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on shares of Common Stock acquired under the Plan) in a brokerage or bank account outside your country. You may be required to report such accounts, assets or transactions to the tax or other authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt. In addition, you may be subject to tax payment and/or reporting obligations in connection with any income realized under the Plan and/or from the sale of shares of Common Stock. You acknowledge that it is your responsibility to be compliant with all such requirements, and you are advised to consult your personal legal and legal, tax and/or financial advisors, as applicable, to ensure your compliance.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement (Synopsys Inc)

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