Section 431 Election. In circumstances where any Stock is to be acquired by a United Kingdom Holder pursuant to this Agreement, such United Kingdom Holder shall not be entitled to receive such Stock in accordance with the terms of the Plan or this Agreement unless: (i) such United Kingdom Holder enters into a valid election jointly with the United Kingdom Holder's relevant employer, pursuant to Section 431 Income Tax (Earnings and Pensions) Act 2003 (“ITEPA”) in the form prescribed by the Board; or (ii) the Committee agrees otherwise.
Appears in 4 contracts
Samples: Restricted Stock Unit Award Agreement (Mativ Holdings, Inc.), Performance Share Unit Award Agreement (Mativ Holdings, Inc.), Performance Share Unit Award Agreement (Mativ Holdings, Inc.)
