Examples of Clawback Notice in a sentence
Neither Plaintiffs or Defendant provide support for any additional requested relief, and thus the Court will decline to issue any ruling with respect to the October 9, 2020 Clawback Notice or other discovery issues for which the parties did not seek affirmative relief.
The Clawback Party shall make such Clawback Payment within sixty (60) days of receipt of the Clawback Notice.
In the case of a clawback, the Board must provide written notice to the Grantee (the “Clawback Notice”), no later than the third anniversary of the Grant Date (the “Clawback Notice Deadline”), that the Board intends to invoke the clawback provisions of this Section 16, with the Clawback Notice providing a summary of the reasons therefor.
For the avoidance of doubt, the actual clawback need not occur by the Clawback Notice Deadline.
In the case of a forfeiture of unvested Shares, the Clawback Notice must be provided to the Grantee before the end of the Period of Restriction to which the Shares relate, and the forfeiture shall occur as of the date of the Clawback Notice (even if the Grantee has not yet terminated Service).
In the event that an Asset funded by the Grant Sum is sold, transferred (whether on commercial terms or otherwise) into the possession (including temporary) of any other member of the Recipient’s Group or is written off at any time during the Clawback Period, the Recipient shall, at the discretion of the Council through the issue by the Council to the Recipient of a Clawback Notice, be subject to total or partial Clawback of the Grant Sum.
Unless and until the Court resolves that motion in the receiving party’s favor, the receiving party may not divulge or use in any way the document(s) that are the subject of the Clawback Notice.
If a Covered Officer subject to a clawback recovery demand does not comply with such demand within the time period prescribed in the applicable Clawback Notice, and the Committee determines that such Covered Officer is unlikely to do so, the Committee may bring, or cause the Company to bring, an action in any court of competent jurisdiction against such Covered Officer to enforce such reimbursement.
Within ten business days from the date on which a disclosing Party discovers an inadvertent disclosure of ESI, it will notify the receiving Party by written Clawback Notice identifying the inadvertent disclosure(s) and directing the receiving Party to promptly return, destroy, and/or make inaccessible the inadvertently- disclosed information/documents and all copies.
As of the Clawback Notice Date, the Clawback Shares shall be cancelled, shall no longer be deemed outstanding and the Investor shall have no further rights as a holder of such Clawback Shares.