Common use of Foreign Assets/Account Reporting Information Clause in Contracts

Foreign Assets/Account Reporting Information. You must declare all of your foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authorities and file a report with respect to such accounts if the value of such accounts exceeds KRW 500 million (or an equivalent amount in foreign currency) on any month-end date during the year. There are no country-specific provisions.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (Kraft Heinz Co), Non Qualified Stock Option Award Agreement (Kraft Heinz Co), Restricted Stock Unit Award Agreement (Kraft Heinz Co)

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Foreign Assets/Account Reporting Information. You must declare all of your foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authorities and file a report with respect to such accounts if the value of such accounts exceeds KRW 500 million (or an equivalent amount in foreign currency) on any month-end date during the year. There are no country-specific provisions.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Kraft Heinz Co), Non Qualified Stock Option Award Agreement (Kraft Heinz Co), Restricted Stock Unit Award Agreement (Kraft Heinz Co)

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Foreign Assets/Account Reporting Information. You must declare all of your foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authorities and file a report with respect to such accounts if the value of such accounts exceeds KRW 500 million 1 billion (or an equivalent amount in foreign currency) on any month-end date during the year. There are no country-specific provisions.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Kraft Heinz Co)

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