Data Privacy - India Clause Samples
The 'Data Privacy - India' clause establishes requirements for handling personal data in compliance with Indian data protection laws. It typically mandates that parties collect, process, and store personal information in accordance with regulations such as the Information Technology Act, 2000 and any applicable rules or guidelines issued by Indian authorities. For example, it may require obtaining consent from data subjects, implementing security measures, and notifying authorities in case of data breaches. The core function of this clause is to ensure that all parties respect privacy rights and avoid legal penalties by adhering to India's data privacy standards.
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Data Privacy - India. The Participant grants the Company and its (indirect) subsidiaries the right to process and store the (personal) data necessary in connection with the implementation of the Plan, including cross-border processing. The following language is added at the end of Section 8: In case of calculating and/or awarding severance in India, or any other form of compensation in connection with the termination of the Participant’s employment in India, the parties have specifically agreed that nothing as described in the Plan and the Agreement will be taken into account.