Common use of Contractual Requirement Clause in Contracts

Contractual Requirement. Participant’s provision of Data and its processing and transfer as described above is a contractual requirement and a condition to Participant’s ability to participate in the Plan. Participant understands that, as a consequence of Participant’s refusing to provide Data, the Company may not be able to allow Participant to participate in the Plan, grant Performance Units to Grantee or administer or maintain such Performance Units. However, Participant’s participation in the Plan and his or her acceptance of this Award Agreement are purely voluntary. While Participant will not receive Performance Units or other Awards if he or she decides against participating in the Plan or providing Data as described above, Participant’s career and salary will not be affected in any way. For more information on the consequences of the refusal to provide Data, Participant may contact ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇.

Appears in 3 contracts

Sources: Performance Unit Agreement (Elastic N.V.), Performance Unit Agreement (Elastic N.V.), Performance Unit Agreement (Elastic N.V.)