Forfeiture and Cancellation. If a Participant ceases Employment by reason of the Participant’s Retirement, and the Participant’s Option does not continue pursuant to Section 4(a)(i) or Section 4(a)(ii), the Option shall be forfeited and cancelled by the Company.
Forfeiture and Cancellation. If a Participant’s Option does not vest pursuant to Section 1(a), Section 3, Section 4 or Section 5, the Option shall be forfeited and cancelled by the Company.
Forfeiture and Cancellation. (i) Upon Participant's termination of service to or employment by the Company, death or Disability, all non-vested Options shall be forfeited. An individual who is providing services to or is employed by a subsidiary or affiliate of DFI shall be deemed to have ceased providing such services or ceased employment with the Company at such time as DFI and its stockholders own either directly or indirectly less than 50% of the total combined voting power of all classes of stock of such subsidiary or affiliate which are entitled to vote.
(ii) The Committee may, in its sole discretion, in cases involving activities by Participant which would constitute Cause (as hereinafter defined), cancel Options held by Participant, whether or not vested, in whole or in part.
Forfeiture and Cancellation. Failure to notify hall coordinator at least two weeks in advance of cancellation of function will result in forfeit of deposit.
Forfeiture and Cancellation. 11.1 In the event of failure on the part of the PURCHASER(s) of the TOTAL CONSIDERATION AMOUNT in terms of the Payment Schedule forming part of Application Form for booking of the aforesaid APARTMENT/FLAT/UNIT as described herein above and inspite of receipt of the notice of payment the PURCHASER(s) shall be liable and responsible to pay interest at the rate of 18% per annum for the first three months of default in favour of the DEVELOPER/SELLER from its due date of payment. After the expiry of the said three months the DEVELOPER/SELLER at its own discretion and prerogative shall become entitled to cancel the application of the within mentioned APARTMENT/FLAT/UNIT, forfeit the delayed payment interest payable by the PURCHASER(s) and refund the balance amount paid till such date of cancellation after deducting 10% of the TOTAL CONSIDERATION AMOUNT and all other ancillary charges falling due on the part of the PURCHASER(s) and such refund to take place in 12 equal monthly installments.
Forfeiture and Cancellation. Sponsor hereby agrees that, immediately prior to the Closing, Sponsor shall automatically and irrevocably surrender and forfeit to Founder, for no consideration and as a contribution of capital of Founder, the Forfeited Shares. Founder hereby agrees that it shall immediately cancel the Forfeited Shares for no consideration.
Forfeiture and Cancellation. 8.1 In the event of failure on the part of the SUB-LESSEE(s) of the TOTAL CONSIDERATION AMOUNT in terms of the Payment Schedule forming part of the Provisional Allotment Letter then in pursuance to the terms as envisaged in Clause (7) of the Application Guidelines of the Application Form for booking of the aforesaid APARTMENT/FLAT/UNIT as described herein above and inspite of receipt of the notice of payment the SUB-LESSEE(s) shall be liable and responsible to pay interest at the rate of 18% per annum for the first three months of default in favour of the DEVELOPER/LESSOR from its due date of payment. After the expiry of the said three months the DEVELOPER/LESSOR at its own discretion and prerogative shall become entitled to cancel the application/provisional allotment of the within mentioned APARTMENT/FLAT/ UNIT, forfeit the delayed payment interest payable by the SUB- LESSEE(s) and refund the balance amount paid till such date of cancellation after deducting 5% of the TOTAL CONSIDERATION AMOUNT and all other ancillary charges falling due on the part of the SUB-LESSEE(s).
Forfeiture and Cancellation. In the event of failure on the part of the PURCHASER(s) in making payment of the TOTAL CONSIDERATION AMOUNT or any part or portion thereof in terms of the Payment Schedule the PURCHASER(s) shall be liable and in obligation to pay interest as per clause 4.6 in favour of the DEVELOPER/SELLER from its due date of payment. After the expiry of the said 180 days the DEVELOPER/SELLER at its own discretion and prerogative shall become entitled to cancel the application of the within mentioned APARTMENT/FLAT/UNIT, forfeit the delayed payment interest payable by the PURCHASER(s) and refund the balance amount paid till such date of cancellation after deducting 10% of the TOTAL CONSIDERATION AMOUNT and all other ancillary charges falling due on the part of the PURCHASER(s).
Forfeiture and Cancellation. Upon the Employee's termination for any reason other than retirement, total disability, death, termination without Cause as defined in Section 7.2 of the Employment Agreement, Good Reason as defined in Section 7.3.1 of the Employment Agreement, or Change of Control as defined in Section 7.3.2 of the Employment Agreement, this option shall be immediately forfeited and canceled.
Forfeiture and Cancellation
