Surrender of Shares. After the Establishment Period the Directors may accept the surrender of a share which is liable for forfeiture or any part thereof upon such terms as may be agreed between such member and the Directors and ratified by the Company by special resolution. Any share so surrendered may be disposed of in the same manner as a forfeited share.
Appears in 9 contracts
Samples: National Rail Corporation Agreement, National Rail Corporation Agreement Act 1992, National Rail Corporation Agreement Act 1992
Surrender of Shares. After the Establishment Period Period, the Directors may accept the surrender of a share which is liable for forfeiture or any part thereof upon such terms as may be agreed between such member and the Directors and ratified by the Company by special resolution. Any share so surrendered may be disposed of in the same manner as a forfeited share.
Appears in 3 contracts
Samples: National Rail Corporation Agreement, National Rail Corporation Agreement Act 1992, National Rail Corporation Agreement
