Common use of Securities/Tax Reporting Information Clause in Contracts

Securities/Tax Reporting Information. If the Employee holds shares of common stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. In addition, if the Employee opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option Not Tax-Qualified The Employee understands that this option is not intended to be French tax-qualified.

Appears in 4 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

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Securities/Tax Reporting Information. If the Employee Participant holds shares of common stock Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee Participant authorizes the Danish Tax Administration to examine the account. In addition, if the Employee Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee Participant must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee Participant authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option RSUs Not Tax-Qualified The Employee Participant understands that this option Award is not intended to be French tax-qualified.

Appears in 2 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. If the Employee Participant holds shares of common stock Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee Participant authorizes the Danish Tax Administration to examine the account. In addition, if the Employee Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee Participant must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee Participant authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option PRSUs Not Tax-Qualified The Employee Participant understands that this option Award is not intended to be French tax-qualified.

Appears in 2 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. If the Employee holds shares of common stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. In the event that the applicable broker or bank with which the account is held does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such obligation to report, the Employee acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage account and shares of common stock deposited therein to the Danish Tax Administration as part of his or her annual income tax return. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. In addition, if the Employee opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. In the event that the applicable financial institution (broker or bank) with which the account is held, does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such obligation to report, the Employee acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of the Employee’s annual income tax return. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option Not Tax-Qualified The Employee understands that this option is not intended to be French tax-qualified.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. If the Employee holds shares of common stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. In the event that the applicable broker or bank with which the account is held does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such obligation to report, the Employee acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage account and shares of common stock deposited therein to the Danish Tax Administration as part of his or her annual income tax return. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. In addition, if the Employee opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. In the event that the applicable financial institution (broker or bank) with which the account is held, does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such obligation to report, the Employee acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of the Employee's annual income tax return. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option Not Tax-Qualified The Employee understands that this option is not intended to be French tax-qualified.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. The Recipient may hold Shares acquired upon vesting of the RSUs in a safety-deposit account (e.g., a brokerage account) either with a Danish bank or with an approved foreign broker or bank. If the Employee holds shares of common stock acquired under the Plan in a brokerage account Shares are held with a foreign broker or bank outside Denmarkbank, he or she the Recipient is required to inform the Danish Tax Administration about the safety-deposit account. For this purpose, the Employee he or she must file a Form Declaration V (Erklaering V) with the Danish Tax Administration. The Form Declaration V must be signed both by the Employee Recipient and may be signed by the applicable broker or bank bank, as applicable, where the account is held. By signing In the Form event that the applicable broker or bank does not also sign the Declaration V, the broker Recipient acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage or bank undertakes to forward information account and any Shares acquired at vesting held in such account to the Danish Tax Administration concerning the shares in the account without further request each yearas part of his or her annual income tax return. By signing the Form Declaration V, the Employee Recipient authorizes the Danish Tax Administration to examine the account. By signing the Declaration V, the Recipient authorizes the Danish Tax Administration to examine the account. In addition, if when the Employee Recipient opens a deposit account or a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside of Denmark, he the bank or she is also required to inform brokerage account, as applicable , will be treated as a deposit account because cash can be held in the Danish Tax Administration about this account. To do soTherefore, the Employee Recipient must also file a Form Declaration K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by Both the Employee Recipient and by the applicable broker financial institution (the bank or bank where broker, as applicable) must sign the account is held. Declaration K. By signing the Form Declaration K, the bank or broker/bank , as applicable, undertakes an obligation, without further request each year, not later than on February 1 of the year following the calendar year to which the information relates, to forward certain information to the Danish Tax Administration concerning the content of the deposit account. The Danish Tax Administration may grant an exemption for the broker or bank’s requirement to sign Declaration K if the foreign broker or bank does not wish to or, pursuant to the laws of the relevant country, is not allowed to assume such obligation to report, the Recipient acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of the Recipient annual income tax return. By signing the Form Declaration K, the Employee Recipient at the same time authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option Not Tax-Qualified The Employee understands that this option is not intended to be French tax-qualified.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Nike Inc)

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Securities/Tax Reporting Information. If the Employee Participant holds shares of common stock Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee Participant authorizes the Danish Tax Administration to examine the account. In addition, if the Employee Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee Participant must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee Participant authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC XXXXXXXXX XXXXXXXX There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option RSUs Not Tax-Qualified The Employee Participant understands that this option Award is not intended to be French tax-qualified.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. If the Employee Participant holds shares of common stock Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee Participant authorizes the Danish Tax Administration to examine the account. In addition, if the Employee Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee Participant must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee Participant and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee Participant authorizes the Danish Tax Administration to examine the account. If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC XXXXXXXXX XXXXXXXX There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option PRSUs Not Tax-Qualified The Employee Participant understands that this option Award is not intended to be French tax-qualified.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

Securities/Tax Reporting Information. If the Employee Optionee holds shares of common stock Shares acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee Optionee must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee Optionee and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares Shares in the account without further request each year. By signing the Form V, the Employee Optionee authorizes the Danish Tax Administration to examine the account. In addition, if the Employee Optionee opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about of this account. To do so, the Employee Optionee must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Employee Optionee and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Employee Optionee authorizes the Danish Tax Administration to examine the account. If the Employee Optionee uses the cashless sell-all method of exercise for this optionthe Option, the Employee Optionee is not required to file a Form V because he or she will not hold any shares of common stockShares. However, if the Employee Optionee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. DOMINICAN REPUBLIC There are no country-specific provisions. ECUADOR There are no country-specific provisions. EL SALVADOR There are no country-specific provisions. FRANCE Option Not Tax-Qualified The Employee understands that this option is not intended to be French tax-qualified.EGYPT

Appears in 1 contract

Samples: Stock Option Agreement (Google Inc.)

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