Consistent Execution with a Long-term View

Customer Contracting Change Standardizing Termination for Convenience (TFC) rights Historically Going Forward Most customer orders had a one-year term, thus TFC rights were not meaningful TFC rights differed customer to customer Starting February 1, 2023 More orders are multi-year in duration TFC rights will be standardized for customers with multi-year ramping (MYR) deals Standardizing TFC rights is not expected to have an impact on our 2025 financial goals. Copyright Veeva Systems 2022

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