Common use of Tax Disclaimer Clause in Contracts

Tax Disclaimer. You agree that you are responsible for consulting your own tax advisor as to the tax consequences associated with the grant and vesting of your RSUs. The tax rules governing RSUs are complex, change frequently and depend on the individual taxpayer’s situation. By accepting this grant of RSUs, you acknowledge that any tax liability or other adverse tax consequences to you resulting from the grant or vesting of the RSUs will be the responsibility of, and will be borne entirely by, you. YOU ARE THEREFORE ENCOURAGED TO CONSULT YOUR OWN TAX ADVISOR BEFORE ACCEPTING THE GRANT OF THESE RSUS.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Pacific Drilling S.A.), Restricted Stock Unit Agreement (Pacific Drilling S.A.), Restricted Stock Unit Agreement (Pacific Drilling S.A.)

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