Section 431 Election. The Grantee agrees that, if requested to do so by the Company, the Grantee shall immediately upon the settlement of the Award enter into an irrevocable joint election with the Company pursuant to section 431 of the U.K. Income Tax (Earnings and Pensions) Xxx 0000 (“ITEPA”) in a form specified by the Company that, for the relevant tax purposes, the market value of the Share acquired is to be calculated as if the Share were not restricted securities (as defined in section 423 of ITEPA) and sections 425 to 430 of ITEPA shall not apply to such Shares.
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Samples: Restricted Stock Unit Agreement (AMCI Acquisition Corp. II), Restricted Stock Unit Agreement (AMCI Acquisition Corp. II), Restricted Stock Unit Agreement (AMCI Acquisition Corp. II)
Section 431 Election. The Grantee agrees that, if requested to do so by the Company, the Grantee shall immediately upon the settlement of the RSU Award enter into an irrevocable joint election with the Company pursuant to section 431 of the U.K. Income Tax (Earnings and Pensions) Xxx 0000 Act 2003 (“ITEPA”) in a form specified by the Company that, for the relevant tax purposes, the market value of the Share share acquired is to be calculated as if the Share share were not restricted securities (as defined in section 423 of ITEPA) and sections 425 to 430 of ITEPA shall not apply to such Sharesshares.
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Section 431 Election. The Grantee agrees that, if requested to do so by the Company, the Grantee shall immediately upon the settlement exercise of the Award Option enter into an irrevocable joint election with the Company pursuant to section 431 of the U.K. Income Tax (Earnings and Pensions) Xxx 0000 (“ITEPA”) in a form specified by the Company that, for the relevant tax purposes, the market value of the Share acquired is to be calculated as if the Share were not restricted securities (as defined in section 423 of ITEPA) and sections 425 to 430 of ITEPA shall not apply to such Shares.
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