Forfeiture Notice definition

Forfeiture Notice means a notice given by the Manager to a Unitholder pursuant to clause 4.17(a).
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Forfeiture Notice has the meaning set forth in Section 10.7(d).
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Forfeiture Notice means the notice requiring payment of calls on Shares in accordance with clause 25.
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Examples of Forfeiture Notice in a sentence

  • Within ten (10) days after receiving the Forfeiture Notice, the Optionee shall make full payment of such liability to the Company in cash, or to the extent such Optionee still owns Shares acquired through the affected exercise and the Committee elects in the Forfeiture Notice to receive such Shares, stock certificates evidencing such Shares still owned by the Optionee (duly endorsed for transfer with signature guaranteed).

  • To enforce such liability against such Optionee, the Committee shall notify the Optionee thereof in writing within three (3) years of the date of the affected Option exercise, which notice (the "Forfeiture Notice") shall include a statement of the form of payment which the Committee has elected to receive from the Optionee with respect to Shares still owned by the Optionee.

  • Where a Forfeiture Notice has been served pursuant to Sub-Regulations 8.2 and 8.3(a), and the requirements of the Forfeiture Notice have not been complied with, the Directors may, at any time before tender of payment, forfeit and cancel the Forfeiture Shares.

  • A written notice of call (a " Forfeiture Notice") shall be served on a Member who defaults in making payment in respect of any Shares held by him or her (the "Forfeiture Shares").

  • If the Executive has transferred such shares in a transaction which is not a sale (including, for example, a gift to a family member or entity), the Profit Amount payable by Executive to Employer shall be an amount equal to the difference between the value of such shares on the date of the Forfeiture Notice and the exercise price.

  • Within ten (10) days after receiving the Forfeiture Notice, the Awardee shall make full payment of such liability to the Company in cash or, to the extent such Awardee still owns Shares acquired through the affected exercise and the Committee elects in the Forfeiture Notice to receive such Shares, stock certificates evidencing such Shares still owned by the Awardee (duly endorsed for transfer with signature guaranteed).

  • If a Member fails to pay any call or instalment of a call on the due date for payment, the Directors may, at any time while any part of the call or instalment remains unpaid, serve a Forfeiture Notice on the Member requiring payment of any amount of the call or instalment that is unpaid, together with any interest which may have accrued and all expenses that may have been incurred by the Company because of that non-payment.

  • The State also advised that a fourth permit would not be extended after a period of an additional year.On August 20, 2021, the Company filed a Petition for Judicial Review of the Forfeiture Notice and has retained legal counsel to initiate and vigorously undertake the appeal process.

  • If the Executive has transferred such shares in a transaction which is not a sale (including, for example, a gift to a family member or entity), the Profit Amount payable by Executive to the Company shall be an amount equal to the difference between the value of such shares on the date of the Forfeiture Notice and the exercise price.

  • The Forfeiture Notice must name a day at least 14 days after the date of service of the Forfeiture Notice by which the payment required by the Forfeiture Notice must be made.


More Definitions of Forfeiture Notice

Forfeiture Notice has the meaning specified in Section 6.1(a).
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Forfeiture Notice means the notice requiring payment of calls on Shares in accordance with Article 28.
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Forfeiture Notice means a notice issued by GrainCorp to You in compliance with clause 11 of Part D. Freight Differential means the per Tonne difference in the cost of execution between an Origination Site and the Outload Site to the nominated Destination on Your Order to Outload as determined by GrainCorp in the ‘GNC Swap Differentials’ published on the GrainCorp website. Genetically Modified/GM means plant or animal material whose genetic code has been artificially altered in order to give it specific characteristics.
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Forfeiture Notice shall have the meaning specified in Section 6.2(a) hereof.
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Forfeiture Notice means a notice referred to in section 53B. forfeiture order means an order referred to in section 53A.
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Related to Forfeiture Notice

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Pre-Notice shall have the meaning ascribed to such term in Section 4.13.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Forfeiture means that portion of a Participant's Account that is not Vested, and occurs on the earlier of:

  • Termination Warning Notice means a notice sent by the Secretary of State to the Academy Trust, stating his intention to terminate this Agreement.

  • Forfeiture Event means the occurrence of at least one of the following (a) the Company is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or an authorized subcommittee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Board concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Cure Notice means a notice of a proposed amount to be paid on account of a Cure Claim in connection with an Executory Contract or Unexpired Lease to be assumed under the Plan pursuant to section 365 of the Bankruptcy Code, which notice shall include: (a) procedures for objecting to proposed assumptions of Executory Contracts and Unexpired Leases; (b) Cure Claims to be paid in connection therewith; and (c) procedures for resolution by the Bankruptcy Court of any related disputes.

  • Penalty Notice means a written no- tification from the Director informing a respondent that the Director has made a finding of violation and, absent a request for a hearing, will impose a civil monetary penalty.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Notice of Award means formal notice of award of the Contract to the Contractor issued by the Contracting Officer.

  • forfeiture order means a forfeiture order referred to in section 61(1);

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Timely Notice means a stockholder’s notice to the Secretary of the Corporation which must be delivered to or mailed and received at the principal executive offices of the Corporation not less than ninety (90) days nor more than one hundred twenty (120) days prior to the first anniversary of the preceding year’s annual meeting of stockholders; provided, however, that in the event that the date of the annual meeting is more than thirty (30) days before, or more than sixty (60) days after, such anniversary date, notice by the stockholder to be timely must be so delivered not earlier than the one hundred twentieth (120th) day prior to such annual meeting and not later than the ninetieth (90th) day prior to such annual meeting or, if later, the tenth (10th) day following the day on which the date that such annual meeting was Publicly Disclosed (as defined above).