Forfeited Sample Clauses

Forfeited. If the unused vacation days will simply remain unused and lost to the Employee, then the third statement must be selected (34) Other. If none of the above options adequately define what will happen to the unused vacation days then, select the final checkbox. Here, the space provided should be used to discuss how unused vacation days will be handled. X. Personal Leave (35)
Forfeited. The student occupant must verify the acceptance of the room assignment by following the check-in procedures established by the University. FAILURE OF THE STUDENT OCCUPANT TO CHECK INTO THE ASSIGNED ROOM WITHIN 48 HOURS OF THE HALLS OPENING MAY LEAD TO CANCELLATION OF THIS CONTRACT BY THE UNIVERSITY AND FORFEITURE OF THE $150.00
Forfeited. An employee's seniority shall be forfeited and shall rank as a new employee and such employee shall not be subjected to the probationary period as specified in Article if

Related to Forfeited

  • Forfeiture Unless otherwise specified in the Vesting Agreement, upon the occurrence of any event specified in a Vesting Agreement as resulting in either the right of the Partnership or the General Partner to repurchase LTIP Units at a specified purchase price or some other forfeiture of any LTIP Units, then if the Partnership or the General Partner exercises such right to repurchase or forfeiture in accordance with the applicable Vesting Agreement, the relevant LTIP Units shall immediately, and without any further action, be treated as cancelled and no longer outstanding for any purpose. Unless otherwise specified in the Vesting Agreement, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited, other than any distributions declared with respect to a Partnership Record Date prior to the effective date of the forfeiture. In connection with any repurchase or forfeiture of LTIP Units, the balance of the portion of the Capital Account of the LTIP Unitholder that is attributable to all of his or her LTIP Units shall be reduced by the amount, if any, by which it exceeds the target balance contemplated by Section 5.01(g) hereof, calculated with respect to the LTIP Unitholder’s remaining LTIP Units, if any.

  • Forfeiture Restrictions The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or otherwise disposed of (any such sale, assignment, pledge, exchange, hypothecation or other transfer, encumbrance or disposition being referred to herein as a “Transfer”) to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company for any reason whatsoever, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture Restrictions, except to the extent that such Forfeiture Restrictions lapse upon such termination in accordance with Section 2(b) hereof. The prohibition against Transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares. For purposes of this Agreement, the following terms shall have the meanings indicated below: