Forfeiture Agreement definition

Forfeiture Agreement means an agreement that imposes adverse financial

Forfeiture Agreement means an agreement as referred to in rule 3.1.5;

Forfeiture Agreement means that certain Forfeiture Agreement referred to in the BCA pursuant to which, among other things, Altimar Sponsor LLC acknowledged and agreed (1) effective upon the closing of the transactions contemplated by the BCA, (x) as holder of a majority of the Class B Cayman Shares prior to the Domestication and a majority of the shares of Class F Common Stock at the Effective Date to waive certain anti-dilution adjustments set forth in Section 17.3 of Altimar Cayman’s Memorandum and Articles of Association and Section 4.3(j) of this Certificate of Incorporation in connection with the transactions contemplated by the BCA and (y) to forfeit 2,289,375 of the shares of Class A Common Stock received upon the automatic conversion of its shares of Class F Common Stock upon the closing of the transactions contemplated by the BCA for no consideration; and (2) to the conversion of Class F Common Stock into Class A Common Stock automatically upon consummation the BCA Transaction.

Examples of Forfeiture Agreement in a sentence

• The United States of America and Defendant entered into a Plea and Forfeiture Agreement.

• Any certificate evidencing an LTIP Unit shall bear an appropriate legend indicating that additional terms, conditions and restrictions on transfer, including without limitation any LTIP Forfeiture Agreement, apply to the LTIP Unit.

• Unless otherwise specified in the LTIP Forfeiture Agreement, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited, other than any distributions declared with respect to a Partnership Record Date prior to the effective date of the forfeiture in which such LTIP Units are permitted to share.

• The terms of an LTIP Forfeiture Agreement may be modified by the General Partner from time to time in its sole and absolute discretion, subject to any restrictions on amendment imposed by the relevant LTIP Forfeiture Agreement, if applicable.

• LTIP Units may, in the sole and absolute discretion of the General Partner, be issued subject to forfeiture and additional restrictions on transfer pursuant to the terms of an LTIP Forfeiture Agreement.

More Definitions of Forfeiture Agreement

Forfeiture Agreement means an agreement between the Company and the Sponsor pursuant to which, if GEPT acquires the securities available to it under the Forward Purchase Agreement, the Sponsor will forfeit to the Company for no consideration a certain number of Class B Shares and Private Placement Warrants, on the terms set out therein.

Forfeiture Agreement means that certain Share Forfeiture Agreement, dated on or about the Closing Date, by and among the Company, Holdco, SPAC and the Sponsors and pursuant to which Union Acquisition Associates II, LLC will agree to forfeit 400,000 SPAC Ordinary Shares and Union Group International Holdings Limited will agree to forfeit 300,000 SPAC Ordinary Shares subject to, and conditioned upon, the occurrence of the Closing.

Forfeiture Agreement means that certain forfeiture agreement (substantially in the form attached hereto as Exhibit D) between Sponsor and the Company.

Forfeiture Agreement has the meaning set forth in the recitals to this Agreement.

Forfeiture Agreement as defined in the Recitals.

Forfeiture Agreement an agreement that imposes adverse financial consequences on a former employee as a result of the termination of an employment relationship, regardless of whether the employee engages in competitive activities following cessation of the employment relationship. Forfeiture agreements do not include forfeiture for competition agreements.

Forfeiture Agreement has the meaning set forth in the background to the Agreement.