The Antioxidant Role of Vitamin C A. Bendich, L.J. Machlin, and O. Scandurra Department of Vitamins and Clinical Nutrition, Hoffmann-LaRoche Nutley, NJ G.W. Burton and D.D.M. Wayner Chemistry Division, National Research Council Ottawa, Ontario K1A 0R6, Canada OUTLINE I. INTRODUCTION II.
Definition of forfeiture. 1  1 : the act of forfeiting : the loss of property or money because of a breach of a legal obligation assets subject to forfeiture. 2  2 : something (such as money or property) that is forfeited : penalty.
Since the director owned the shares for nine months there is no violation. Since the shares were purchased by the director in the secondary market, the shares are considered control, not restricted stock and are not subject to the six month holding period.