Terms of the Loyalty Program

§1. General provisions

1.1. The Service Provider runs on the Platform a loyalty program for Users who have completed an investing course run by the Service Provider and covered by the Program.

1.2. The Program covers two distinctions, that is Elegant Share and Elegant Share Premium.

1.3. The distinctions differ in the Course after the completion of which they are granted, in the amount of the discount on further Courses and in the amount of the refund for a referral.

1.4. These Terms set out the rules for granting both distinctions and the rules for using the rights that follow from them.

1.5. Terms written with a capital letter in these Terms have the meaning given to them in paragraph 2. Terms not defined in paragraph 2 have the meaning given to them in paragraph 2 of the Terms and Conditions of Using the Platform.

1.6. In matters not covered by these Terms, the Terms and Conditions of Using the Platform and the Payment Terms apply.

1.7. Taking part in the Program is voluntary and is not a commercial commitment or a partner relationship between the Service Provider and the User.

§2. Definitions

2.1. Program. The loyalty program run by the Service Provider, covering both distinctions given in point 1.2.

2.2. Course. A paid investing course run by the Service Provider on the Platform and covered by the Program. The list of Courses covered by the Program is given on the Program page on the Platform. The Academies and the other educational materials available on the Platform are not a Course within the meaning of these Terms.

2.3. Premium Course. A Course intended for people who have already mastered the basic knowledge of investing on the stock exchange, run under the name Elegant Investor Premium.

2.4. Elegant Share. The distinction granted after completing a Course.

2.5. Elegant Share Premium. The distinction granted after completing a Premium Course.

2.6. Distinction. Elegant Share or Elegant Share Premium. Provisions using the term Distinction apply to both.

2.7. Referral. The naming of the first name of the holder of a Distinction by another person when placing an order for a Course.

2.8. Elegant Dividend. A refund of part of the order value for a successful Referral.

2.9. Service Provider. Kinga Stigter, operating the Platform, email address kinga.elegant.investors@gmail.com.

2.10. Platform. The website available at www.elegantinvestors.com together with all its features.

2.11. User. A natural person using the Platform. These Terms use the feminine form because of the character of the brand, and the rules apply equally to everyone using the Platform regardless of gender.

2.12. Account. An individual User profile on the Platform, opened free of charge, allowing the use of materials and the purchase of the Service Provider's products.

§3. Elegant Share

3.1. Elegant Share is granted to a User who has completed at least one Course.

3.2. Elegant Share is granted once, regardless of the number of Courses completed and of the number of editions of a Course the User took part in.

3.3. The Service Provider may also grant Elegant Share to a person who has not completed a Course, in recognition of her contribution to the development of the community.

§4. Elegant Share Premium

4.1. Elegant Share Premium is granted to a User who has completed a Premium Course.

4.2. Elegant Share Premium is granted once, regardless of the number of Premium Courses completed.

4.3. Once Elegant Share Premium is granted, the Elegant Share granted earlier expires.

4.4. The rights following from Elegant Share and from Elegant Share Premium do not add up. The User uses the rights of one Distinction.

§5. Provisions common to both distinctions

5.1. A Distinction is assigned to the User's Account. It cannot be transferred to another person.

5.2. Each Distinction has its own number, given on the document handed to the User. The number is used to apply the discount on the terms set out in paragraph 6.

5.3. The Service Provider gives information about the granting of a Distinction to the email address assigned to the Account.

5.4. A Distinction has no monetary value and is not exchanged for money.

§6. Discount on Courses

6.1. Elegant Share gives the right to a discount of 10% of the price of every further Course.

6.2. Elegant Share Premium gives the right to a discount of 20% of the price of every further Course.

6.3. The discount is applied after the number of the Distinction is entered in the field intended for discount codes, when placing an order for a Course.

6.4. One code can be entered in the field intended for discount codes. The discount following from a Distinction does not combine with another discount or with a promotion concerning the same Course.

§7. Referring a Course

7.1. The holder of a Distinction may refer Courses to other people. The number of Referrals is not limited.

7.2. The person referred gives the first name of the holder of the Distinction in the field intended for reporting a referral, when placing an order for a Course.

7.3. A Referral cannot be reported after the order has been placed.

7.4. A Referral is treated as successful when the conditions given in points 7.5 to 7.8 are met together.

7.5. The person referred named the holder of the Distinction in accordance with point 7.2.

7.6. The person referred paid for the Course at the full price.

7.7. The person referred completed the Course in full.

7.8. The person referred is taking part in the Course for the first time.

7.9. The Service Provider checks every Referral before Elegant Dividend is calculated.

§8. Elegant Dividend

8.1. For every successful Referral the holder of Elegant Share is entitled to Elegant Dividend amounting to 5% of the gross value of the order of the person referred.

8.2. For every successful Referral the holder of Elegant Share Premium is entitled to Elegant Dividend amounting to 10% of the gross value of the order of the person referred.

8.3. The number of Elegant Dividends is not limited.

8.4. The Service Provider gives information about the calculation of Elegant Dividend to the email address assigned to the Account.

§9. Payment of Elegant Dividend

9.1. Elegant Dividend is paid out in the form of a bank transfer or a discount code to be used on a further Course, at the choice of the holder of the Distinction.

9.2. Payment takes place within 30 days of the day the person referred completed the Course.

9.3. Where payment is made by transfer, the amount may be reduced by the taxes due and by other public charges, if the Service Provider is obliged to collect them.

9.4. The validity period of the discount code is given when it is handed over.

9.5. The discount code is assigned to the Account of the holder of the Distinction and is not transferred to another person.

§10. Exclusions

10.1. Elegant Dividend is not due in the cases given in points 10.2 to 10.7.

10.2. The person referred did not name the holder of a Distinction when placing the order.

10.3. The person referred paid for the Course using a discount code, a promotion or another discount.

10.4. The person referred did not complete the Course.

10.5. The person referred had already taken part in a Course before.

10.6. The person referred was moved to the Course from another Account.

10.7. The order was placed from the Account of the holder of a Distinction, or the holder of a Distinction named herself.

10.8. If the order was cancelled or the person referred withdrew from the contract after Elegant Dividend was paid out, the Service Provider may deduct the amount paid from the next amount due.

§11. Abuse

11.1. Where abuse is found, where untrue data is given or where an attempt is made to circumvent these Terms, the Service Provider may refuse to pay Elegant Dividend.

11.2. In the cases given in point 11.1 the Service Provider may also withdraw the Distinction together with the rights following from it.

11.3. The Service Provider gives information about a refusal to pay and about the withdrawal of a Distinction, together with the reasons, to the email address assigned to the Account.

§12. The character of the distinctions

12.1. A Distinction is an element of the Program and confirms completion of a Course.

12.2. A Distinction is not a financial instrument. It gives no ownership rights, no corporate rights and no share in the profits of the Service Provider.

12.3. Elegant Dividend is not a payment out of profit. It is a refund of part of the order value of the person referred.

12.4. The names of both distinctions and the name of Elegant Dividend allude to stock-market vocabulary and are conventional.

§13. Ending and changing the Program

13.1. The Service Provider may end the Program or change its rules.

13.2. Ending and changing the Program do not affect rights already acquired, in particular Elegant Dividends due for Referrals that were successful before the day of the ending or the change.

13.3. The Service Provider gives information about the ending or the change of the Program on the Platform and to the email address assigned to the Account, at least 14 days in advance.

§14. Personal data

14.1. The controller of Users' personal data is the Service Provider.

14.2. The rules for processing personal data are set out in the Privacy Policy.

14.3. The data given with a Referral is processed for the purpose of checking the Referral and of calculating and paying out Elegant Dividend.

14.4. Where payment is made by transfer, the holder of the Distinction gives the data needed to make the transfer.

§15. Complaints

15.1. Complaints concerning the Program are made by the User on the terms set out in paragraph 16 of the Terms and Conditions of Using the Platform.

15.2. A complaint concerning Elegant Dividend should give the person referred and the date on which she placed her order.

§16. Changes to these Terms

16.1. The Service Provider may change these Terms for important reasons, in particular after a change in the rules of the Program or after a change in the law.

16.2. The Service Provider gives information about a change in accordance with paragraph 22 of the Terms and Conditions of Using the Platform.

16.3. The date of the last update of these Terms is given at the beginning of the document. Previous versions of these Terms are archived.