Common use of Securities Law Commitment on Sale of Shares Clause in Contracts

Securities Law Commitment on Sale of Shares. As a condition of the grant of the Performance Share Award and the issuance of any Shares upon vesting of the Performance Share Award, the Participant undertakes to only sell, trade or otherwise dispose of any Shares issued to the Participant under the Plan in accordance with applicable Canadian securities laws. Under current laws, this means that the Participant will need to sell any Shares issued under the Plan using the services of a broker or dealer that is registered under Canadian provincial or territorial securities legislation. The Participant will not be permitted to sell, trade or otherwise dispose of his or her Shares through the Corporation’s designated U.S. plan broker, Fidelity Investments, unless such sale, trade or disposal can be executed in accordance with applicable securities laws. As legal requirements may be subject to change, Participants are encouraged to seek specific advice about their individual situation before taking any action with respect to Shares issued to them under the Plan. By accepting this Performance Share Award, the Participant expressly agrees that he or she will consult with a personal legal advisor to address any questions that may arise regarding compliance with this requirement. The Participant understands and agrees that he or she will be liable for any failure to comply with the foregoing provision. The following provisions will apply if the Participant is a resident of Quebec:

Appears in 4 contracts

Samples: Confidentiality and Proprietary Rights Agreement (United States Steel Corp), Share Award Grant Agreement (United States Steel Corp), Share Award Grant Agreement (United States Steel Corp)

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Securities Law Commitment on Sale of Shares. As a condition of the grant of the Performance Share Award RSUs and the issuance of any Shares upon vesting of the Performance Share AwardRSUs, the Participant undertakes to only sell, trade or otherwise dispose of any Shares issued to the Participant under the Plan in accordance with applicable Canadian securities laws. Under current laws, this means that the Participant will need to sell any Shares issued under the Plan using the services of a broker or dealer that is registered under Canadian provincial or territorial securities legislation. The Participant will not be permitted to sell, trade or otherwise dispose of his or her Shares through the Corporation’s designated U.S. plan broker, Fidelity Investments, unless such sale, trade or disposal can be executed in accordance with applicable securities laws. As legal requirements may be subject to change, Participants are encouraged to seek specific advice about their individual situation before taking any action with respect to Shares securities issued to them under the Plan. By accepting this Performance Share AwardRSU, the Participant expressly agrees that he or she will consult with a personal legal advisor to address any questions that may arise regarding compliance with this requirement. The Participant understands and agrees that he or she will be liable for any failure to comply with the foregoing provision. The following provisions will apply if the Participant is a resident of Quebec:

Appears in 2 contracts

Samples: Non Competition Agreement (United States Steel Corp), Restricted Stock Unit Grant Agreement (United States Steel Corp)

Securities Law Commitment on Sale of Shares. As a condition of the grant of the Performance Share Award RSUs and the issuance of any Shares upon vesting of the Performance Share AwardRSUs, the Participant undertakes to only sell, trade or otherwise dispose of any Shares issued to the Participant under the Plan in accordance with applicable Canadian securities laws. Under current laws, this means that the Participant will need to sell any Shares issued under the Plan using the services of a broker or dealer that is registered under Canadian provincial or territorial securities legislation. The Participant will not be permitted to sell, trade or otherwise dispose of his or her Shares through the Corporation’s designated U.S. plan broker, Fidelity Investments, unless such sale, trade or disposal can be executed in accordance with applicable securities laws. As legal requirements may be subject to change, Participants Grantees are encouraged to seek specific advice about their individual situation before taking any action with respect to Shares securities issued to them under the Plan. By accepting this Performance Share AwardRSU, the Participant expressly agrees that he or she will consult with a personal legal advisor to address any questions that may arise regarding compliance with this requirement. The Participant understands and agrees that he or she will be liable for any failure to comply with the foregoing provision. The following provisions will apply if the Participant is a resident of Quebec:

Appears in 2 contracts

Samples: Non Competition Agreement (United States Steel Corp), Restricted Stock Unit Grant Agreement (United States Steel Corp)

Securities Law Commitment on Sale of Shares. As a condition of the grant of the Performance Share Cash Award and the issuance of any Shares upon vesting of that may be paid with respect to the Performance Share Cash Award, the Participant undertakes to only sell, trade or otherwise dispose of any Shares issued to the Participant under the Plan in accordance with applicable Canadian securities laws. Under current laws, this means that the Participant will need to sell any Shares issued under the Plan using the services of a broker or dealer that is registered under Canadian provincial or territorial securities legislation. The Participant will not be permitted to sell, trade or otherwise dispose of his or her Shares through the Corporation’s designated U.S. plan broker, Fidelity Investments, unless such sale, trade or disposal can be executed in accordance with applicable securities laws. As legal requirements may be subject to change, Participants are encouraged to seek specific advice about their individual situation before taking any action with respect to Shares issued to them under the Planthem. By accepting this Performance Share Cash Award, the Participant expressly agrees that he or she will consult with a personal legal advisor to address any questions that may arise regarding compliance with this requirement. The Participant understands and agrees that he or she will be liable for any failure to comply with the foregoing provision. The following provisions will apply if the Participant is a resident of Quebec:

Appears in 1 contract

Samples: Award Grant Agreement (United States Steel Corp)

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Securities Law Commitment on Sale of Shares. As a condition of the grant of the Performance Share Award and the issuance of any Shares upon vesting of the Performance Share Award, the Participant undertakes to only sell, trade or otherwise dispose of any Shares issued to the Participant under the Plan in accordance with applicable Canadian securities laws. Under current laws, this means that the Participant will need to sell any Shares issued under the Plan using the services of a broker or dealer that is registered under Canadian provincial or territorial securities legislation. The Participant will not be permitted to sell, trade or otherwise dispose of his or her Shares through the Corporation’s 's designated U.S. plan broker, Fidelity Investments, unless such Performance Share Award-December 2021 sale, trade or disposal can be executed in accordance with applicable securities laws. As legal requirements may be subject to change, Participants are encouraged to seek specific advice about their individual situation before taking any action with respect to Shares issued to them under the Plan. By accepting this Performance Share Award, the Participant expressly agrees that he or she will consult with a personal legal advisor to address any questions that may arise regarding compliance with this requirement. The Participant understands and agrees that he or she will be liable for any failure to comply with the foregoing provision. The following provisions will apply if the Participant is a resident of Quebec:

Appears in 1 contract

Samples: Share Award Grant Agreement (United States Steel Corp)

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