Forfeiture definition

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

Forfeiture means that portion of a Participant's Account that is not Vested and is disposed of in accordance with the provisions of the Plan. Unless otherwise elected in the Adoption Agreement, Forfeitures occur pursuant to (a) below.

Forfeiture. Means that portion of a Participant's Individual Account derived from Employer Contributions which he or she is not entitled to receive (i.e., the nonvested portion).

Examples of Forfeiture in a sentence

• ENDING THE TENANCY or INTERRUPTION TO the TENANCY Forfeiture – Right of Re-Entry The Protection from Eviction Act 1977 gives Tenants protection against arbitrary or immediate termination of their rights of occupation and requires a Landlord to obtain a court order in order to repossess the Premises based on a breach of the Tenancy (where the Tenant had failed to remedy the breach in good time).

• The law requires that a Tenancy Agreement contains a Forfeiture clause, sometimes referred to as a Right of Re-Entry which this clause is.

• Additional sanctions resulting from violations of the Code of Conduct policy may result in: Suspension from the game/match; Suspension from the tournament; Forfeiture of individual or team awards; Ejection from the tournament hotel(s); Forfeiture of all games/matches won and possible team elimination from current and future sponsored/endorsed events.

• Affidavit - Amended Form Under penalty of perjury, the undersigned officials certify that they have read and understand their obligations under the Equitable Sharing Agreement and that the information submitted in conjunction with this Document is an accurate accounting of funds received and spent by the Agency under the Justice and/or Treasury Guides during the reporting period and that the recipient Agency is in compliance with the National Code of Professional Conduct for Asset Forfeiture.

• Except as provided in Plan Section 1.34, a Forfeiture will occur (if no selection is made, b.

More Definitions of Forfeiture

Forfeiture means the permanent deprivation of property by order of a court or other competent authority;

Forfeiture means that portion of a Participant's Account that is not Vested and is disposed of in accordance with the provisions of the Plan.

Forfeiture means the transfer by the Management Stockholder to the Company of Restricted Stock in exchange for the Purchase Price and the forfeiture by the Management Stockholder of any and all rights, interests and claims in respect of such shares of Restricted Stock upon the occurrence of an event specified in, and to the extent provided in, Section 2. “Forfeited” shall have a corollary meaning when used herein.

Forfeiture means the shares of the Company being surrendered and cancelled, which shall take effect as a surrender and cancellation for no consideration as a matter of Cayman Islands law.

Forfeiture means the official transfer of property to the State;

Forfeiture means any forfeiture of RSUs pursuant to Section 2.

Forfeiture means, in relation to Restricted Shares, the compulsory transfer of Restricted Shares by the Grantee, in accordance with and on and subject to the terms set out in the Award Agreement to one of the following, at the election of the Company: the Company, subject to Applicable Law, an employee benefit trust established by the Company, or an unrelated third party designated by the Company. “Forfeiture” means, in relation to any other Award, the termination of the Award without the Award becoming vested or payable. “Forfeitable,” “Forfeited” and “non-Forfeitable” shall be construed accordingly.