Common use of Tax Clearance Certificate for Cash Exercises Clause in Contracts

Tax Clearance Certificate for Cash Exercises. If the Optionee exercises the Option by a cash purchase exercise, the Optionee is required to obtain and provide to the Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”). The Optionee must renew this Tax Clearance Certificate each twelve (12) months or in such other period as may be required by the SARS. If the Optionee exercises the Option by a cashless exercise whereby no funds are remitted offshore for the purchase of shares, he or she is not required to obtain a Tax Clearance Certificate.

Tax Clearance Certificate for Cash Exercises. If the Optionee exercises the Option by a cash purchase exercise, the Optionee is required to obtain and provide to the Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”). The Optionee must renew this Tax Clearance Certificate each twelve (12) months or in such other period as may be required by the SARS. If the Optionee exercises the Option by a cashless exercise whereby no funds are remitted offshore for the purchase of sharesShares, he or she is not required to obtain a Tax Clearance Certificate.

Tax Clearance Certificate for Cash Exercises. If the Optionee exercises the Option by a cash purchase exercise, the Optionee is required to obtain and provide to the Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”). The Optionee must renew this Tax Clearance Certificate each twelve (12) months or in such other period as may be required by the SARS. If the Optionee exercises the Option by a cashless exercise whereby no funds are remitted offshore for the purchase of sharesShares, he or she the Optionee is not required to obtain a Tax Clearance Certificate.

Tax Clearance Certificate for Cash Exercises. If the Optionee Participant exercises the Stock Option by a cash purchase exercise, the Optionee is Participant may be required to obtain and provide to the Employer, or any third party A-21 designated by the Employer or the CompanyCorporation, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“"SARS”"). The Optionee Participant must renew this Tax Clearance Certificate each every twelve (12) months months, or in such other period as may be required by the SARS. If the Optionee Participant exercises the Stock Option by a cashless exercise whereby no funds are remitted offshore for the purchase of sharesShares, he or she is not required to obtain a no Tax Clearance CertificateCertificate is required.

Tax Clearance Certificate for Cash Exercises. If the Optionee Participant exercises the Stock Option by a cash purchase exercise, the Optionee is Participant may be required to obtain and provide to the Employer, or any third party designated by the Employer or the CompanyCorporation, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“"SARS”"). The Optionee Participant must renew this Tax Clearance Certificate each every twelve (12) months months, or in such other period as may be required by the SARS. If the Optionee Participant exercises the Stock Option by a cashless exercise whereby no funds are remitted offshore for the purchase of sharesShares, he or she is not required to obtain a no Tax Clearance CertificateCertificate is required.

Tax Clearance Certificate for Cash Exercises. If the Optionee exercises the Option by a cash purchase exercise, rather than a cashless exercise, the Optionee is required to obtain and provide to the Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”). The Optionee must renew this Tax Clearance Certificate each twelve (12) months or in such other period as may be required by the SARS. If the Optionee exercises the Option by a cashless exercise whereby no funds are remitted offshore for the purchase of shares, he or she is not required to obtain a Tax Clearance Certificate.