French-Qualified Award Clause Samples
A French-Qualified Award clause defines that any arbitral award rendered under the agreement must meet the formal requirements set by French law to be recognized and enforceable in France. This typically involves ensuring the award is drafted in accordance with French procedural standards, such as language, form, and content, and may require the involvement of arbitrators or institutions familiar with French legal practices. The core function of this clause is to facilitate the enforceability of arbitral awards within France, thereby reducing the risk of challenges or delays in recognition and enforcement due to non-compliance with local legal standards.
French-Qualified Award. If you are a French resident at the time the Restricted Stock Units are granted and you receive Restricted Stock Units that are intended to qualify for specific tax and social security treatment in France under Sections L. ▇▇▇-▇▇▇-▇ to L. 225-197-6-1 of the French Commercial Code, as amended, the terms of your Restricted Stock Units are governed by the Plan as amended by the Restricted Stock Unit Sub-Plan to the Silicon Laboratories Inc. 2009 Stock Incentive Plan for eligible employees in France, as well as by the Restricted Stock Unit Award Agreement for Participants in France.
French-Qualified Award. If you are a French resident at the time the Restricted Stock Units are granted and you receive Restricted Stock Units that are intended to qualify for specific tax and social security treatment in France under Sections L. ▇▇▇-▇▇▇-▇ to L. 225-197-6-1 of the French Commercial Code, as amended, the terms of your Restricted Stock Units are governed by the Plan as amended by the Restricted Stock Unit Sub-Plan to the Silicon Laboratories Inc. 2009 Stock Incentive Plan for eligible employees in France, as well as by the Restricted Stock Unit Award Agreement for Participants in France. GERMANY Notifications Exchange Control Notification. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. No report is required for payments less than €12,500. The Participant is responsible for obtaining the appropriate form from a German federal bank and complying with applicable reporting requirements. HONG KONG