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What does Waiver mean? In contract law, 'waiver' is used to denote the granting of a concession by one party not insisting on the other party's precise performance of its obligations under the contract. It is also where one party gives up its rights to take action or enforce its rights under a contract.
A waiver of notice is a document individuals sign which legally waives their rights to receive formal notices regarding certain probate issues.
A waiver of notice is a document individuals sign which legally waives their rights to receive formal notices regarding certain probate issues.
The purpose of the annual meeting is for shareholders to elect the directors. Therefore, holders of voting stock elect either the whole board of directors when there is a single class of directors or some fraction of the board in, for example, staggered boards.
Corporations that don't consistently hold annual meetings may need to hold one without notice. The waiver of notice form is needed in order to document that all stockholders agree to the actions taken during the meeting, even though they may not have been present during it.
A waiver of notice is a written acknowledgment from people eligible to attend a company meeting stating that they are giving up their right to receive formal notice of the meeting.
Sample Waiver of Notice The undersigned of the above corporation, individually listed on the attached Schedule A, hereby waive(s) notice of the meeting of the to be held on , at , at the corporation's principal office.