Terms and Conditions

TAPESTRY INSIGHT LIMITED

TERMS AND CONDITIONS OF USE

Please read the following terms and conditions of use before using or subscribing to our online services.

This website is owned and managed by Tapestry Insight Limited (“Tapestry”).

The use of this website is governed by these terms and conditions (as updated from time-to-time).

PAYMENT

We will send you an invoice at the start of your subscription of the database and on subsequent annual renewal dates.

We would ask you to ensure that payments are made promptly and within 30 days from date of invoice. If you wish to dispute any invoice you should speak to us within 14 days of the invoice date so that any necessary action can be taken promptly.

DISCLAIMERS

All information provided on this website is for general information purposes only. It does not purport to be comprehensive or to provide legal, tax or any other kind of professional advice.

Tapestry expressly disclaims all liability of any kind to any and all persons and, in particular, in respect of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this website. Tapestry makes no representations about the suitability of the information and services contained on this website for any purpose.

Any user of this website does so at their own risk and assumes full responsibility for any risk or loss resulting therefrom.

No user should act or refrain from acting on the basis of any matter contained in this website without seeking the appropriate legal, tax or other professional advice on the particular facts and circumstances at issue.

Where there is uncertainty in relation to whether or not withholding for tax or social security is required in a jurisdiction, the website adopts a cautious view and says that withholding is required.

The exact structure of an award is crucial to the way that award is taxed. For example, if beneficial ownership does not transfer to the participant until a vesting date sometime in the future, tax is usually deferred until that future date. On the other hand, if beneficial ownership transfers at the time of award tax is often due at the start. However, this clear distinction between ownership passing at the start and at the end can become blurred by several factors, including a restriction on the ability to sell the shares and by clawback. If the shares are in some way restricted - in that they cannot be freely sold - then sometimes the tax is reduced or deferred to reflect that restriction. If the awards are subject to clawback then, depending on the terms of that clawback, this may be seen as a forfeiture provision which may reduce or defer the tax until the clawback period falls away. Companies have subtly different clawback terms and may impose subtly different restrictions on shares. It is important, therefore, that, if companies want detailed and specific tax advice for their plans, then local counsel needs to be instructed about the detail of how the specific plans work. The database can only give generalised tax advice.

The information on this website is provided “as is” and no representation or warranty is given or implied as to the accuracy or suitability of the information.

No attorney-client relationship will be formed or deemed to be formed with any law firms through the use of this website.

Tapestry accepts no responsibility for any loss which may arise from any interruption, suspension, termination or delay in the transmission of content or information from this website for whatever reason; or for any computer viruses or other destructive programs encountered as a result of using this website. The information, software, products, and services published on this website may include inaccuracies and/or typographical errors. Changes are periodically made to the information on this website.

Each user is the sole user of their personal identification code and password, and is responsible for the security and use of their user identification and password. Each user agrees to keep such information private and not to assign, transfer, resell or share such information with any third party.

You agree to indemnify, defend and hold Tapestry harmless from and against any and all suits, losses, claims, demands, liabilities, costs and expenses that you may sustain or incur, arising from your use of this website. References to Tapestry, in this context, shall include its employees, agents, affiliates, successors, officers and assigns.

Tapestry may, in its discretion and for any reason, terminate this website at any time. On such a termination Tapestry will endeavour to give notice to subscribers and may return a proportion of the fees it has received from a user prorated to reflect the time elapsed between the date when any particular subscription started and the date of termination. Apart from such possible repayment of fees, users will have no right to receive any compensation because of the termination of the website.  Tapestry may also, in its discretion and for any reason, terminate the information in relation to any particular country on this website at any time. On such a termination Tapestry will not give any notice nor return any fees and users will have no right to receive any compensation.

If there is any conflict between these terms and conditions and any other information contained on this website, these terms and conditions shall prevail.

LINKS TO OTHER WEBSITES

This website may contain links to other websites. Tapestry is not responsible for the content, policies or practices of external internet websites that link to this website or which are linked from it and does not represent or undertake that it will keep such links current.

COPYRIGHT AND REPRODUCTION NOTICE

Reproduction of part or all of the contents of this website in any form is expressly prohibited other than for

-  individual use;
-  use by your colleagues for the purpose of your share and incentive plans; and
-  use by third parties for the purpose of administrating your share and incentive plans,

otherwise it may not be copied and/or shared with any third party.

The permission to recopy by an individual does not allow for incorporation of material or any part of it in any work or publication, whether in hard copy, electronic, or any other form.

You agree not to reproduce, print, re-transmit, copy, distribute, publish or sell the content of this website without the prior written consent of Tapestry. In particular, and without limitation, you may not post any content from this site to mail lists, newsgroups or electronic bulletin boards without the prior written consent of Tapestry. Duplication of content is authorized for an individual subscriber’s private and informational use only and any other duplication or use of the content of this website is expressly prohibited.

This website is offered to you by Tapestry Insight Limited, a limited company registered in England with number: 08176504. The registered address of Tapestry Insight Limited is 88 Wood Street 10th - 15th Floor, London, EC2V7RS, United Kingdom. Tapestry Insight limited is not a law firm and is not regulated by the Solicitors Regulatory Authority. To contact us please email us at: info@tapestrycompliance.com

Any legal advice or project managing global compliance projects will be provided by lawyers working in Tapestry Compliance LLP, which is a law firm regulated by the Solicitors Regulatory Authority in the UK. Separate terms will apply.

16 May 2016