Common use of No Obligation to Notify or Minimize Taxes Clause in Contracts

No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award

Appears in 2 contracts

Samples: Subscription Agreement (Grab Holdings LTD), Subscription Agreement (Altimeter Growth Corp.)

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No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

Appears in 2 contracts

Samples: Business Combination Agreement (TradeUP Global Corp), Business Combination Agreement (TradeUP Global Corp)

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No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to (i) advise such holder Participant as to the time or manner of exercising such any Award. Furthermore, the Company will have no duty or obligation to (ii) warn or otherwise advise such holder Participant of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty , or obligation to (iii) minimize the tax consequences of an any Award to the holder of such AwardParticipant.

Appears in 2 contracts

Samples: Award Agreement (Life Spectacular, Inc.), Award Agreement

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