Common use of Independent Tax Advice Clause in Contracts

Independent Tax Advice. Participant acknowledges that determining the actual tax consequences to Participant of receiving or disposing of the Restricted Stock Units and Shares may be complicated. These tax consequences will depend, in part, on Participant’s specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. Participant is aware that Participant should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to Participant of receiving the Restricted Stock Units and receiving or disposing of the Shares. Prior to executing this Award Agreement, Participant either has consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the receipt of the Restricted Stock Units, and the receipt and disposition of the Shares in light of Participant’s specific situation, or Participant has had the opportunity to consult with such a tax advisor but chose not to do so.

Appears in 2 contracts

Samples: Award Agreement (Procera Networks, Inc.), Award Agreement (Procera Networks, Inc.)

AutoNDA by SimpleDocs

Independent Tax Advice. Participant acknowledges that determining the actual tax consequences to Participant of receiving or disposing of the Restricted Stock Units and Shares may be complicated. These tax consequences will depend, in part, on Participant’s specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. Participant is aware that Participant should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to Participant of receiving the Restricted Stock Units and receiving or disposing of the Shares. Prior to executing this Award Agreement, Participant either has consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the receipt of the Restricted Stock Units, Units and the receipt and disposition of the Shares in light of Participant’s specific situation, situation or Participant has had the opportunity to consult with such a tax advisor but chose not to do so.

Appears in 2 contracts

Samples: Award Agreement (Procera Networks, Inc.), Award Agreement (Procera Networks, Inc.)

Independent Tax Advice. Participant acknowledges that determining the actual tax consequences to Participant of receiving or disposing of the Restricted Stock Units RSUs and Shares may be complicated. These tax consequences will depend, in part, on Participant’s specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. Participant is aware that Participant should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to Participant of receiving the Restricted Stock Units RSUs and receiving or disposing of the Shares. Prior to executing this Award Agreement, Participant either has consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the receipt of the Restricted Stock UnitsRSUs, and the receipt and disposition of the Shares in light of Participant’s specific situation, or Participant has had the opportunity to consult with such a tax advisor but chose not to do so.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Viking Therapeutics, Inc.)

AutoNDA by SimpleDocs

Independent Tax Advice. Participant acknowledges that determining the actual tax consequences to Participant of receiving or disposing of the Restricted Stock Units Option and Shares may be complicated. These tax consequences will depend, in part, on Participant’s specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. Participant is aware that Participant should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to Participant of receiving the Restricted Stock Units Option, exercising the Option and receiving or disposing of the Shares. Prior to executing this Award Agreement, Participant either has consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the receipt of the Restricted Stock UnitsOption, and the receipt and disposition of the Shares in light of Participant’s specific situation, or Participant has had the opportunity to consult with such a tax advisor but chose not to do so.

Appears in 1 contract

Samples: Award Agreement (Viking Therapeutics, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!