Examples of Initial Notice Period in a sentence
Unless mutually agreed by the Parties in writing, execution of a direct license with Sublicensee will be completed not later than [***] from the end of the Initial Notice Period.
Unless mutually agreed by the Parties in writing, such negotiations for a direct license are not to exceed ninety (90) days from the end of the Initial Notice Period.
Additionally, upon a Change in Control of the Company, the Good Reason Initial Notice Period set forth in Section 5(a)(ii) shall be revised from sixty (60) days to 365 days if the Executive first acquires actual knowledge of the existence of the Good Reason condition within the 180-day period that begins ninety (90) days immediately prior to a Change in Control and ends ninety (90) days immediately following a Change in Control.
Unless mutually agreed by the Parties in writing, such negotiations for a direct license are not to exceed 90 days from the end of the Initial Notice Period.
With respect to the First Exercise Period, following the Effective Date and during the Initial Notice Period, an Eligible Employee may file a payroll withholding form to designate payroll deductions as the manner of payment for the Option and/or to decrease the percentage of Compensation used to purchase shares of Common Stock pursuant to the Option.
If HMA L.P. provides notice to Foundation prior to the conclusion of the Initial Notice Period that it does not intend to exercise its rights pursuant to this Section 2.12(b)(i), the Initial Notice Period shall be deemed to have concluded on the date such notice is given.
Unless mutually agreed by the Parties in writing, such negotiations for a direct license are not to exceed [***] from the end of the Initial Notice Period.
In the event that HMA L.P. provides an HMA Regulatory Purchase Notice to Foundation prior to expiration of the Initial Notice Period, HMA L.P. will be obligated to purchase the Class B Sub Units distributed to Foundation in accordance with Section 9.10, and Foundation will be obligated to sell such Class B Sub Units to HMA L.P., at a purchase price equal to the Fair Market Value of the Class B Sub Units distributed to Foundation.
The broad criteria for being considered for this Initial Notice Period appear sensible, although I would like to think that HMRC could firm up on the detail – for example, what constitutes a “significant number” – well in advance of the draft legislation being published.It would be sensible for HMRC to be much clearer on what is meant by “tax avoidance schemes”.
In other words, some companies could be at risk of entering Special Measures very soon.The idea of having an Initial Notice Period during which a company can “improve” its behaviour is a sensible approach.