Tax Reporting Obligation. The Italian Holder is required to report on a yearly basis – for tax monitoring purposes – any foreign investment and assets that may generate foreign source income subject to tax in Italy. The Italian Holder should consult with his or her personal tax advisor as to whether the reporting obligation applies to the Italian Holder and whether the Italian Holder will be required to report details of any Stock held by the Italian Holder in his or her annual tax return. The Company (or any of its direct or indirect subsidiaries or parent entities) will not be responsible for any liability arising as a result of, in connection with or in respect of the tax reporting obligation in connection with the Award granted pursuant to this Agreement.
Appears in 4 contracts
Samples: Share Unit Award Agreement (Mativ Holdings, Inc.), Restricted Stock Unit Award Agreement (Mativ Holdings, Inc.), Share Unit Award Agreement (Mativ Holdings, Inc.)
