Common use of Taxation Information Clause in Contracts

Taxation Information. In the event that a Participant should be granted an award of the RSU in connection with the Participant’s employment in Singapore, any gains or profits derived by the Participant arising from the vesting of such RSU will be taxable in Singapore as part of the Participant’s employment remuneration when the RSU vests, regardless of where the Participant is at the time the RSU vests. The Participant may, however, be eligible to enjoy deferment of the payment of tax, arising from RSU gains under incentive schemes operated by the Inland Revenue Authority of Singapore (“IRAS”) if the qualifying criteria relating thereto are met. Interest will be chargeable for the deferral of tax. If granted, the Employee can defer payment of tax on the RSU gains for any period of time up to a maximum of 5 years, subject to filing formalities to be made by the Participant. The Participant is advised to seek professional tax advice as to the Participant’s tax liabilities including, to the extent the Participant is a foreigner, how such gains or profits aforesaid will be taxed at the time the Participant ceases to work in Singapore. All taxes (including income tax) arising from the award of any RSU or the vesting of any RSU thereon shall be borne by the Participant.

Taxation Information. In the event that a Participant should be granted an award of the RSU PSU in connection with the Participant’s employment in Singapore, any gains or profits derived by the Participant arising from the vesting of such RSU PSU will be taxable in Singapore as part of the Participant’s employment remuneration when the RSU PSU vests, regardless of where the Participant is at the time the RSU PSU vests. The Participant may, however, be eligible to enjoy deferment of the payment of tax, arising from RSU PSU gains under incentive schemes operated by the Inland Revenue Authority of Singapore (“IRAS”) if the qualifying criteria relating thereto are met. Interest will be chargeable for the deferral of tax. If granted, the Employee can defer payment of tax on the RSU PSU gains for any period of time up to a maximum of 5 years, subject to filing formalities to be made by the Participant. The Participant is advised to seek professional tax advice as to the Participant’s tax liabilities including, to the extent the Participant is a foreigner, how such gains or profits aforesaid will be taxed at the time the Participant ceases to work in Singapore. All taxes (including income tax) arising from the award of any RSU PSU or the vesting of any RSU PSU thereon shall be borne by the Participant.

Taxation Information. In the event that a Participant should be granted an award of the RSU PSU in connection with the Participant’s employment in Singapore, any gains or profits derived by the Participant arising from the vesting of such RSU PSU will be taxable in Singapore as part of the Participant’s employment remuneration when the RSU PSU vests, regardless of where the Participant is at the time the RSU PSU vests. The Participant may, however, be eligible to enjoy deferment of the payment of tax, arising from RSU PSU gains under incentive schemes operated by the Inland Revenue Authority of Singapore (“IRAS”) if the qualifying criteria relating thereto are met. Interest will be chargeable for the deferral of tax. If granted, the Employee can defer payment of tax on the RSU PSU gains for any period of time up to a maximum of 5 years, subject to filing formalities to be made by the Participant. The Participant is advised to seek professional tax advice as to the Participant’s tax liabilities including, to the extent the Participant is a foreigner, how such gains or profits aforesaid will be taxed at the time the Participant ceases to work in Singapore. All taxes (including income tax) arising from the award of any RSU PSU or the vesting of any RSU PSU thereon shall be borne by the Participant.. Where the Participant is neither a Singapore citizen nor a Singapore Permanent Resident and is about to leave employment with the Employer (as defined below), the Employer may be required under |EU-DOCS\32493268.1||