Common use of Data Retention Clause in Contracts

Data Retention. The Company will use the Optionee’s Personal Information only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities laws. When the Company no longer needs the Optionee’s Personal Information, the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 9 contracts

Sources: Stock Option Agreement (Veralto Corp), Stock Option Agreement (Danaher Corp /De/), Stock Option Agreement (Veralto Corp)

Data Retention. The Optionee understands that the Company will use the Optionee’s Personal Information Data only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan Plan, or as required to comply with legal or regulatory obligations, including under tax and securities laws. In the latter case, Optionee understands and acknowledges that the Company’s legal basis for the processing of Optionee’s Personal Data would be compliance with the relevant laws or regulations. When the Company no longer needs the Optionee’s Personal InformationData for any of the above purposes, Optionee understands the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 9 contracts

Sources: Stock Option Agreement (Gilead Sciences, Inc.), Global Stock Option Agreement (Gilead Sciences, Inc.), Stock Option Agreement (Gilead Sciences, Inc.)

Data Retention. The Optionee understands that the Company will use the Optionee’s his or her Personal Information Data only as long as is necessary to implement, administer and manage the Optionee’s his or her participation in the Plan Plan, or as required to comply with legal or regulatory obligations, including under tax and securities laws. In the latter case, Optionee understands and acknowledges that the Company’s legal basis for the processing of his or her Personal Data would be compliance with the relevant laws or regulations. When the Company no longer needs the Optionee’s Personal InformationData for any of the above purposes, Optionee understands the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 7 contracts

Sources: Stock Option Agreement (Gilead Sciences Inc), Global Stock Option Agreement (Gilead Sciences, Inc.), Global Stock Option Agreement (Gilead Sciences Inc)

Data Retention. The Company will use the Optionee’s Personal Information personal data only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities laws. When the Company no longer needs the Optionee’s Personal Informationpersonal data, the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 6 contracts

Sources: Stock Option Agreement (Vontier Corp), Stock Option Agreement (Sysco Corp), Stock Option Agreement (Sysco Corp)

Data Retention. The Company will use the Optionee’s Personal Information only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities laws. When the Company no longer needs the Optionee’s Personal Information, the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 4 contracts

Sources: Stock Option Agreement (Envista Holdings Corp), Stock Option Agreement (Envista Holdings Corp), Stock Option Agreement (Envista Holdings Corp)

Data Retention. The Company will use the Optionee’s Personal Information Data only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities laws. When the Company no longer needs the Optionee’s Personal InformationData, the Company will remove it from its systems. If the Company keeps the Optionee’s Personal Information data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 3 contracts

Sources: Stock Option Agreement (Sysco Corp), Stock Option Agreement (Sysco Corp), Stock Option Agreement (Sysco Corp)

Data Retention. The Company will use the Optionee’s Personal Information personal data only as long as is necessary to implement, administer and manage the Optionee’s his or her participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities security laws. When the Company no longer needs the Optionee’s Personal Informationpersonal data, the Company will remove it from it from its systems. If the Company keeps the Optionee’s Personal Information data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations.

Appears in 2 contracts

Sources: Global Stock Option Agreement (Trimble Inc.), Performance Stock Option Agreement (Trimble Inc.)

Data Retention. The Company will use the Optionee’s Personal Information personal data only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax tax, exchange control, labor and securities laws. When the Company no longer needs This may mean that the Optionee’s Personal Information, the Company will remove it from its systems. If the Company keeps data is retained until after the Optionee’s Personal Information longertermination of employment, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be plus any additional time periods necessary for compliance with relevant laws law, exercise or regulationsdefense of legal rights, archiving, back-up and deletion purposes.

Appears in 1 contract

Sources: Stock Option Agreement (Ralliant Corp)