Common use of Stock Exchange Act Clause in Contracts

Stock Exchange Act. From January 1, 2017, a stock exchange tax applies to transactions executed through a non-Belgian financial intermediary. The stock exchange tax will likely apply when Shares are sold. The Recipient should consult with his or her personal tax advisor to determine the Recipient’s obligations with respect to the stock exchange tax.

Stock Exchange Act. From January 1, 2017, a A stock exchange tax applies to transactions executed by a Belgian resident through a non-Belgian financial intermediary, such as a U.S. broker. The stock exchange tax likely will likely apply when Shares acquired under the Plan are sold. The Recipient Participant should consult with his or her personal tax or financial advisor to determine the Recipient’s obligations with respect to the stock exchange taxfor additional details.

Stock Exchange Act. From January 1, 2017, a A stock exchange tax applies to transactions executed through a non-Belgian financial intermediary. The stock exchange tax will likely apply when Shares are sold. The Recipient should consult with his or her personal tax advisor to determine the Recipient’s obligations with respect to the stock exchange tax.. BRAZIL

Stock Exchange Act. From January 1, 2017, a stock exchange tax applies to transactions executed through a non-Belgian financial intermediary. The stock exchange tax will likely apply when Shares are sold. The Recipient Optionee should consult with his or her personal tax advisor to determine the RecipientOptionee’s obligations with respect to the stock exchange tax.

Stock Exchange Act. From January 1, 2017, a stock exchange tax applies to transactions executed through a non-Belgian financial intermediary. The stock exchange tax will likely apply when Shares shares of Common Stock are sold. The Recipient You should consult with his or her your personal tax advisor to determine the Recipient’s your obligations with respect to the stock exchange tax.

Stock Exchange Act. From January 1, 2017, a A stock exchange tax applies to transactions executed through a non-Belgian financial intermediary. The stock exchange tax will likely apply when Shares are sold. The Recipient should consult with his or her personal tax advisor to determine the Recipient’s obligations with respect to the stock exchange tax.

Stock Exchange Act. From January 1, 2017, a A stock exchange tax applies to transactions executed by the Participant through a non-Belgian financial intermediary, such as a U.S. broker. The stock exchange tax likely will likely apply when Shares acquired under the Plan are sold. The Recipient Participant should consult with his or her personal tax or financial advisor to determine the Recipient’s obligations with respect to the stock exchange taxfor additional details.