Notice of forfeiture. When any Share is forfeited, notice of the resolution of the Board must be given to the Member in whose name it stood immediately prior to the forfeiture, and an entry of the forfeiture and the date of forfeiture must be made in the Register. Failure to give notice or make an entry as required by this clause does not invalidate the forfeiture.
Notice of forfeiture. (a) If any share is forfeited under rule 5.3,
(i) notice of the forfeiture must be given to the Member holding the share immediately before the forfeiture; and
(ii) subject to rule 5.5(a), an entry of the forfeiture and its date must be made in the Register.
(b) Any failure to give notice or enter the forfeiture in the Register does not invalidate the forfeiture.
Notice of forfeiture. 30.1 When any share has been forfeited, notice of the forfeiture shall be served upon the person who was, before the forfeiture, the holder of the share, but a forfeiture shall not be invalidated by any failure to give such notice. An entry of such notice and an entry of the forfeiture with the date thereof shall forthwith be made in the Register in respect of such share. However, no forfeiture shall be invalidated by any omission to make such entries as aforesaid.
Notice of forfeiture. Sponsor and SPAC must notify the Company in writing at least three Business Days prior to the proposed Closing Date their good faith determination of the SPAC Transaction Expenses and the calculation thereof and, in the event SPAC Transaction Expenses will exceed $15,000,000, that the Sponsor’s intends to forfeit Holdings Private Warrants, including the number of Holdings Private Warrants (if any) to be so forfeited.
Notice of forfeiture. If, after activity has been evaluated and recommendations submitted as described above in Paragraph 3 of this Section 5, the Committee determines that contemplated activity would be competitive activity, the Director, Executive Personnel Matters, will notify the affected employee in writing of the Committee's determination and advise such affected employee that his benefits are at risk of forfeiture. An affected employee who receives such notice and advice shall, within thirty business days of the date of such notice and advice, provide the Company with written assurance that he has not engaged and will not engage in such contemplated activity. If, after the expiration of the thirty business day period, the Director, Executive Personnel Matters, has not received such assurance, he shall so advise the Committee and shall notify the appropriate Payroll and Benefit organizations to terminate immediately or not to initiate payments of benefits to the affected employee. If the Committee's determination is that an affected employee is currently engaging in competitive activity, the Director, Executive Personnel Matters, upon receipt of notice of such determination from the Chairman of the Committee shall so advise the affected employee, shall also if so authorized by the Chairman direct the appropriate Payroll, Benefit and other affected organizations of the Company to terminate immediately payments of benefits to the affected employee and, in addition, may at the Committee's express direction take such legal steps as are necessary to recover from the affected employee all benefits paid by the Company or on its behalf since the date when such competitive activity is deemed to have commenced.
Notice of forfeiture. Acquirer will give a prompt written notice (executed by an officer of Acquirer) to the Representative of a forfeiture pursuant to this Article 12 (a "Notice of Forfeiture"), but not later than the day that is ten (10) days following the Hold Back Release Date. A delay on the part of Acquirer in giving the Representative a Notice of Forfeiture will have no effect on any forfeiture pursuant to this Article 12 or relieve the Representative or any Company Stockholder from any of its obligations related to recovery of Forfeiture Expenses as Damages under Section 11.2 (pursuant to Section 12.2) unless (and then only to the extent that) the Representative or the Company Stockholders are materially prejudiced thereby.
Notice of forfeiture. The Corporation shall notify Participant of any forfeiture of Unvested Shares. The certificates representing the Unvested Shares shall immediately be delivered to the Corporation by Participant.
Notice of forfeiture. The Company must promptly:
(a) give notice of the forfeiture of a share to the member who held the share immediately before the resolution for forfeiture was passed; and
(b) enter the forfeiture and its date in the Register. A written declaration that a share was forfeited on a specified date and notice of forfeiture was given in accordance with this document signed by a Director or Secretary is, in the absence of proof to the contrary, evidence of those facts and of the Company's right to dispose of the share.
Notice of forfeiture. When any Share shall have been so forfeited, notice of the resolution shall be given to the Member in whose name it stood immediately prior to the forfeiture and an entry of the forfeiture, with the date thereof, shall forthwith be made in the Register, but no forfeiture shall be in any manner invalidated by an omission or neglect to give such notice or to make such entry as aforesaid.
Notice of forfeiture. Sponsor must notify the Company in writing at least three Business Days prior to the proposed Merger Closing Date that in its good faith determination the Available Cash Amount is (or is expected to be, as of the proposed Merger Closing Date) less than the Minimum Cash Amount, which such notice shall specify the Sponsor’s intent to forfeit Sponsor Earnout Shares or Holdings Ordinary Shares, the calculation of the Available Cash Amount and the Offset Amount and the number of Sponsor Earnout Shares and Holdings Ordinary Shares (if any) to be so forfeited.
