Common use of Type of Offering Clause in Contracts

Type of Offering. Neither the RSUs nor the underlying Shares shall be publicly offered or listed on any stock exchange in Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority. Exchange Control Information By accepting the Award, the Participant agrees to comply with any and all Argentine currency exchange restrictions, approvals and reporting requirements in connection with the Award. In the event that the Participant transfers proceeds in excess of US$2,000,000 from the sale of Shares into Argentina in a single month, the Participant will be required to place 30% of any proceeds in excess of US$2,000,000 in a non-interest bearing dollar denominated mandatory deposit account for a holding period of 365 days. APPENDIX B Labor Law Acknowledgment Any benefits awarded under the Plan accrue no more frequently than on an annual basis. In addition, by accepting the Award, Participant acknowledges that the grant is made by the Company on behalf of Participant’s local employer. Australia

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Red Hat Inc), Restricted Stock Unit Agreement (Red Hat Inc)

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Type of Offering. Neither the RSUs nor the underlying Shares shall be publicly offered or listed on any stock exchange in Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority. Exchange Control Information By accepting the Award, the Participant agrees to comply with any and all Argentine currency exchange restrictions, approvals and reporting requirements in connection with the Award. In the event that the Participant transfers proceeds in excess of US$2,000,000 from the sale of Shares into Argentina in a single month, the Participant will be required to place 30% of any proceeds in excess of US$2,000,000 in a non-interest bearing dollar denominated mandatory deposit account for a holding period of 365 days. APPENDIX B Labor Law Acknowledgment Nature of Grant The following provision supplements Section 12 of Exhibit A. Any benefits awarded under the Plan accrue no more frequently than on an annual basis. In addition, by accepting the Award, Participant acknowledges that the grant Award is made granted by the Company on behalf of Participant’s local employer. Australia

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Red Hat Inc), Restricted Stock Unit Agreement (Red Hat Inc)

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