Undertaking for Qualifying Options Sample Clauses
Undertaking for Qualifying Options. If you are accepting the Stock Options in writing within 60 days of the Grant Date and wish to have the Stock Options subject to a lower valuation for Belgium tax purposes pursuant to the article 43, §6 of the Belgian law of 26 March 1999, you may agree and undertake to (a) not exercise the Stock Options before the end of the third calendar year following the calendar year in which the Grant Date falls, and (b) not transfer the Stock Options under any circumstances (except upon on rights your heir might have in the Stock Options upon your death). If you wish to make this undertaking, you must sign below and return this executed Addendum to the address listed above by [INSERT DATE]. Employee Signature: _______________________________ Rev.
Undertaking for Qualifying Options. If you are accepting the Stock Options in writing within 60 days after the offer date and wish to have the Stock Options subject to a lower valuation for Belgium tax purposes pursuant to the article 43, §6 of the Belgian law of 26 March 1999, you may agree and undertake to (a) not exercise the Stock Options before the end of the third calendar year following the calendar year in which the offer date falls, and (b) not transfer the Stock Options under any circumstances (except upon on rights your heir might have in the Stock Options upon your death). If you wish to make this undertaking, you must sign below and return this executed Addendum to the address listed above. Employee Signature: _______________________________ Employee Printed Name: _______________________________ –Rev 1 2016 Compliance with Law. By accepting the Stock Options, you acknowledge that you agree to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the vesting of the Stock Options, the receipt of any dividends, and the sale of shares of Stock acquired under the Plan. Labor Law Policy and Acknowledgement. This provision supplements Section 12 of the Agreement: By accepting the Stock Options, you agree that (i) you are making an investment decision, (ii) the Stock Options will vest only if the vesting conditions are met and any necessary services are rendered by you over the vesting period and (iii) the value of the shares of Stock subject to the Stock Options is not fixed and may increase or decrease in value over the vesting period without compensation to you.