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Legal Report / Stock Option Plan / Grant / Algeria

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Executive Summary

  • Securities Laws and Regulatory Issues:

    Not applicable.

  • Exchange Controls:

    There are extremely strict exchange controls restrictions in Algeria which means that it is very unlikely that any equity-based Awards can be granted to Participants based in Algeria. It is therefore recommended that a cash-based alternative is offered which is paid to Participants through the local payroll. 

  • Other Filings and Reports:

    Not applicable.

  • Award Documents and Communication:
    • Plan Documentation:

      Not applicable.

    • Award Document Wording:

      Not applicable.

    • Translations:

      Not applicable.

    • Electronic Communications:

      Not applicable.

    • Acceptance by Participants:

      Not applicable.

    • Jurisdiction Issues:

      Not applicable.

    • Salary Deductions:

      Not applicable.

  • Consultation and Employment Rights:
    • Works Councils:

      Not applicable.

    • Local Laws:

      Not applicable.

    • Exclusion of Liability:

      Not applicable.

    • Compensation:

      Not applicable.

    • Clawback Provisions:

      Not applicable.

    • Restrictive Covenants:

      Not applicable.

  • Data Privacy:

    Not applicable.

  • Other Issues:

    Not applicable.

Legal Report


Securities Laws and Regulatory Issues


This issue has not been addressed; please refer to the Exchange Controls section.




Exchange Controls


There are extremely strict exchange controls restrictions in Algeria which means that it is very unlikely that any equity-based Awards can be granted to Participants based in Algeria. It is therefore recommended that a cash-based alternative is offered which is paid to Participants through the local payroll. 




Other Filings and Reports


Note

This issue has not been addressed; please refer to the Exchange Controls section.




Award Documents and Communication


Plan Documentation

This issue has not been addressed; please refer to the Exchange Controls section.


Award Document Wording

This issue has not been addressed; please refer to the Exchange Controls section.


Translations

This issue has not been addressed; please refer to the Exchange Controls section.


Electronic Communications

This issue has not been addressed; please refer to the Exchange Controls section.


Acceptance by Participants

This issue has not been addressed; please refer to the Exchange Controls section.


Jurisdiction Issues

This issue has not been addressed; please refer to the Exchange Controls section.


Salary Deductions

This issue has not been addressed; please refer to the Exchange Controls section.




Consultation and Employment Rights


Works Councils

This issue has not been addressed; please refer to the Exchange Controls section.


Local Laws

This issue has not been addressed; please refer to the Exchange Controls section.


Exclusion of Liability

This issue has not been addressed; please refer to the Exchange Controls section.


Compensation

This issue has not been addressed; please refer to the Exchange Controls section.


Clawback Provisions

This issue has not been addressed; please refer to the Exchange Controls section.


Restrictive Covenants

This issue has not been addressed; please refer to the Exchange Controls section.




Data Privacy


This issue has not been addressed; please refer to the Exchange Controls section.




Other Issues


Note

This issue has not been addressed; please refer to the Exchange Controls section.




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