South Africa. Tax Acknowledgment By accepting the Award, the Participant agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant fails to advise the Employer of the gain realized upon vesting, the Participant may be liable for a fine. The Participant will be responsible for paying any difference between the actual tax liability and the amount withheld. SPAIN Labor Law Acknowledgment By accepting the Award, the Participant acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Awardthis Option, the Participant Employee agrees to notify the Employer of the amount of any gain realized upon vesting exercise of the Awardthis Option. If the Participant Employee fails to advise the Employer of the gain realized upon vestingexercise, the Participant Employee may be liable for a fine. The Participant Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. If the Employee uses cash to exercise this Option and purchase shares, rather than a cashless exercise method, the Employee must first obtain a “Tax Clearance Certificate (in Respect of Foreign Investment)” from the South African Reserve Service. The Employee must also complete a transfer of funds application form to transfer the funds. The Tax Clearance Certificate should be presented to a dealer of the Exchange Control Department of the South Africa Reserve Bank (it is likely that the Employee’s bank will qualify as such a dealer), together with a completed application form to transfer funds. No transfer of funds may be completed unless the original Tax Clearance Certificate bears the official stamp and signature of the Office of Receiver of Revenue of the South African Reserve Service. SPAIN Labor Law Acknowledgment By accepting the Awardthis Option, the Participant Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards Options under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant Employee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award this Option and the underlying shares is unknown and unpredictable. In addition, the Participant Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award this Option shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant Employee to the Employer, effective on the Due Date. The Participant Employee agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant Employee is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the ParticipantEmployee. In the event that the Participant Employee is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant Employee by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant Employee on which additional income tax and National Insurance Contributions may be payable. The Participant Employee acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant Employee authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Award, the Participant Employee agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant Employee fails to advise the Employer of the gain realized upon vesting, the Participant Employee may be liable for a fine. The Participant Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. SPAIN Labor Law Acknowledgment By accepting the Award, the Participant Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant Employee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.KINGDOM
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Award, the Participant agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant fails to advise the Employer of the gain realized upon vesting, the Participant may be liable for a fine. The Participant will be responsible for paying any difference between the actual tax liability and the amount withheld. SPAIN Labor Law Acknowledgment By accepting the Award, the Participant acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Award, the Participant Employee agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant Employee fails to advise the Employer of the gain realized upon vesting, the Participant Employee may be liable for a fine. The Participant Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. SPAIN Labor Law Acknowledgment By accepting the Award, the Participant Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant Employee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant Employee to the Employer, effective on the Due Date. The Participant Employee agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant Employee is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the ParticipantEmployee. In the event that the Participant Employee is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant Employee by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant Employee on which additional income tax and National Insurance Contributions may be payable. The Participant Employee acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant Employee authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Awardthis Option, the Participant Employee agrees to notify the Employer of the amount of any gain realized upon vesting exercise of the Awardthis Option. If the Participant Employee fails to advise the Employer of the gain realized upon vestingexercise, the Participant Employee may be liable for a fine. The Participant Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. If the Employee uses cash to exercise this Option and purchase shares, rather then a cashless exercise method, the Employee must first obtain a “Tax Clearance Certificate (in Respect of Foreign Investment)” from the South African Reserve Service. The Employee must also complete a transfer of funds application form to transfer the funds. The Tax Clearance Certificate should be presented to a dealer of the Exchange Control Department of the South Africa Reserve Bank (it is likely that the Employee’s bank will qualify as such a dealer), together with a completed application form to transfer funds. No transfer of funds may be completed unless the original Tax Clearance Certificate bears the official stamp and signature of the Office of Receiver of Revenue of the South African Reserve Service. SPAIN Labor Law Acknowledgment By accepting the Awardthis Option, the Participant Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards Options under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant Employee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award this Option and the underlying shares is unknown and unpredictable. In addition, the Participant Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award this Option shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant Employee to the Employer, effective on the Due Date. The Participant Employee agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant Employee is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the ParticipantEmployee. In the event that the Participant Employee is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant Employee by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant Employee on which additional income tax and National Insurance Contributions may be payable. The Participant Employee acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant Employee authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment By accepting the Award, the Participant Employee agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant Employee fails to advise the Employer of the gain realized upon vesting, the Participant Employee may be liable for a fine. The Participant Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. SPAIN Labor Law Acknowledgment By accepting the Award, the Participant Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. The Participant Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant Employee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Participant Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.
Appears in 1 contract
South Africa. Tax Acknowledgment Responsibility for Taxes. This provision supplements Section 8 of the Award Agreement: By accepting the grant of the Award, the Participant agrees to that, immediately upon vesting and settlement of the Units, Participant will notify the Employer of the amount of any gain realized upon vesting of the Awardrealized. If the Participant fails to advise the Employer of the gain realized upon vestingvesting and settlement, the Participant may be liable for a fine. The Participant will be solely responsible for paying any difference between the actual tax liability and the amount withheldwithheld by the Employer. SOUTH KOREA There are no country-specific provisions. SPAIN Labor Law Acknowledgment No Special Employment or Similar Rights. This provision supplements Sections 11 and 12 of the Award Agreement: By accepting the grant of the Award, the Participant acknowledges that he or she understands and agrees consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Participant understands that the Corporation Company has unilaterally, gratuitously gratuitously, and discretionally discretionarily decided to grant Awards Units under the Plan to individuals who may be employees of the Corporation Company or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation Company or any of its Affiliates on an ongoing basisAffiliate, other than to the extent set forth in the Award Agreement. Consequently, the Participant understands that any grant is given the Units are granted on the assumption and condition that it shall the Units and any Shares acquired upon vesting of the Units are not become a part of any employment contract (either with the Corporation Company or any of its AffiliatesAffiliate) and shall not be considered a mandatory benefit, salary for any purposes purpose (including severance compensation) ), or any other right whatsoever. Further, the Participant understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of that, other than as may be expressly set forth under the Award and Agreement, Participant will not be entitled to continue vesting in any Units once Participant’s employment with the underlying shares is unknown and unpredictableCompany or any of its Affiliates ceases. In addition, the Participant understands that this grant Award would not be made granted but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Award Units shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment Award is a conditional right to Shares and may be forfeited or affected by Participant’s termination of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934employment, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to set forth in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full.If Participant’s employment or service with the
Appears in 1 contract
Samples: Restricted Stock Unit Global Award Agreement (Motorola Mobility Holdings, Inc)
South Africa. Tax Acknowledgment Responsibility for Taxes. This provision supplements Section 8 of the Award Agreement: By accepting the grant of the Award, the Participant agrees to that, immediately upon vesting and settlement of the Units, Participant will notify the Employer of the amount of any gain realized upon vesting of the Awardrealized. If the Participant fails to advise the Employer of the gain realized upon vestingvesting and settlement, the Participant may be liable for a fine. The Participant will be solely responsible for paying any difference between the actual tax liability and the amount withheldwithheld by the Employer. SOUTH KOREA There are no country-specific provisions. SPAIN Labor Law Acknowledgment No Special Employment or Similar Rights. This provision supplements Sections 11 and 12 of the Award Agreement: By accepting the grant of the Award, the Participant acknowledges that he or she understands and agrees consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Participant understands that the Corporation Company has unilaterally, gratuitously gratuitously, and discretionally discretionarily decided to grant Awards Units under the Plan to individuals who may be employees of the Corporation Company or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation Company or any of its Affiliates on an ongoing basisAffiliate, other than to the extent set forth in the Award Agreement. Consequently, the Participant understands that any grant is given the Units are granted on the assumption and condition that it shall the Units and any Shares acquired upon vesting of the Units are not become a part of any employment contract (either with the Corporation Company or any of its AffiliatesAffiliate) and shall not be considered a mandatory benefit, salary for any purposes purpose (including severance compensation) ), or any other right whatsoever. Further, the Participant understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of that, other than as may be expressly set forth under the Award and Agreement, Participant will not be entitled to continue vesting in any Units once Participant’s employment with the underlying shares is unknown and unpredictableCompany or any of its Affiliates ceases. In addition, the Participant understands that this grant Award would not be made granted but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Award Units shall be null and void. UNITED KINGDOM Tax Acknowledgment The following information supplements the information regarding Tax-Related Items in the Acknowledgment Award is a conditional right to Shares and may be forfeited or affected by Participant’s termination of Conditions section of the Award Agreement: If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs (“HMRC”) official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934employment, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to set forth in the Award Agreement. If Participant’s employment or service with the Company or an Affiliate terminates for any reason other than those reasons expressly set forth in Sections 3(a) through (e) of the Award Agreement, including, without limitation, where (a) Participant is deemed to have been unfairly dismissed without good cause; (b) Participant terminates employment or service due to a change of work location, duties or any other employment or contractual condition; or (c) Participant terminates employment or service due to the Company’s or any of its Affiliates’ unilateral breach of contract, Participant’s unvested Units shall be automatically forfeited upon termination of Participant’s employment or service. The Company will not be obligated to pay Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in fullconsideration whatsoever for such forfeited Units.
Appears in 1 contract
Samples: Restricted Stock Unit Global Award Agreement (Motorola Mobility Holdings, Inc)
