NOTIFICATION TO SHAREHOLDERS Clause Samples
The "Notification to Shareholders" clause establishes the requirement for a company to formally inform its shareholders about certain events, decisions, or actions. Typically, this clause outlines the methods by which notifications must be delivered—such as by mail, email, or public announcement—and may specify the types of matters that require notification, like annual meetings, dividend declarations, or significant corporate changes. Its core practical function is to ensure that shareholders are kept informed and have the opportunity to respond or participate in important corporate matters, thereby promoting transparency and compliance with legal obligations.
NOTIFICATION TO SHAREHOLDERS. New Ceridian will undertake reasonable efforts to assist Arbitron, and Arbitron will provide each Arbitron shareholder who receives the New Ceridian shares pursuant to the Distribution with the information necessary to comply with the requirements of Code Section 355 and all regulations thereunder which relate to the statements that are to be filed by such shareholders with their federal income tax return to show the applicability of Code Section 355 to the Distribution.
NOTIFICATION TO SHAREHOLDERS. If any expenses or other amounts are paid by way of indemnification other than by court order or action by the Shareholders or by an insurance carrier pursuant to insurance maintained by the Corporation, the Corporation shall, not later than the time of delivery to the shareholders of written notice of the next annual meeting of shareholders, unless such meeting is held within three (3) months from the date of such payment, and, in any event, within fifteen (15) months from the date of such payment, deliver either personally or by mail to each shareholder of record at the time entitled to vote for the election of directors a statement specifying the persons paid, the amounts paid, and the nature and status at the time of such payment of the litigation or threatened litigation.
NOTIFICATION TO SHAREHOLDERS. Bio-Vascular will undertake reasonable efforts to provide each Bio-Vascular shareholder who receives Vital Images Common Stock pursuant to the Distribution Agreement with the information necessary to comply with the requirements of Code Section 355 and all regulations thereunder which relate to the statements that are to be filed by such shareholders with their federal income tax returns.
NOTIFICATION TO SHAREHOLDERS. Epitope will undertake reasonable efforts to provide each Epitope shareholder who receives Agritope Common Stock pursuant to the Separation Agreement with the information necessary to permit such shareholder to properly report the receipt of shares of Agritope stock in the Distribution for federal income tax purposes.
NOTIFICATION TO SHAREHOLDERS. Following the effective date of this ORDER, the Bank shall send to its shareholders or otherwise furnish a description of this ORDER (1) in conjunction with the Bank’s next shareholder communication, and (2) in conjunction with its notice or proxy statement preceding the Bank’s next shareholder meeting. The description shall fully describe the ORDER in all material respects. The description and any accompanying communication, statement, or notice shall be sent to the FDIC, Accounting & Securities Unit, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇.▇., ▇▇▇▇ ▇-▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇, and to the State, Texas Department of Savings and Mortgage Lending, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, Suite 201, Austin, TX 78705, for review at least 20 days prior to dissemination to shareholders. Any changes requested to be made by the FDIC or the Commissioner shall be made prior to dissemination of the description, communication, notice, or statement.