Amount Forfeited definition

Amount Forfeited means that portion, if any, of the Participant's Account to which he is not entitled by reason of the provisions of Section 8.2(B) hereof.
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Amount Forfeited means the nonvested interest, if any, in a Participant's Matching or Profit Sharing Contribution Account which he is not entitled to receive by reason of the provisions of Sections 4.1(D) and 4.3
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Examples of Amount Forfeited in a sentence

  • If a portion of a Participant’s accounts becomes an Amount Forfeited, Qualifying Employer Securities and Employer Securities allocated to such Participant’s account shall be forfeited only after other assets.

  • If no complete distribution is made, the non-vested percentage of a Participant’s accounts, if any, shall become an Amount Forfeited and available for allocation to other Participants’ accounts as of the end of the Plan Year in which the Participant incurs five (5) consecutive one-year Breaks in Service.

  • Unvested Award Amount Forfeited Amount Retained -------------- ---------------- --------------- 5,884 Share Performance none 5,884 Stock Award dated January 19, 2005 1,333 Units of Restricted none 1,333 Units Stock Award dated March 1, 2005 $300,000 Performance $100,000 $200,000 Cash Award dated February 8, 2006 $300,000 Performance $200,000 $100,000.

  • Upon a complete distribution pursuant to Section 6.6, the non-vested percentage of a Participant’s ESOP Account and Profit Sharing Account, if any, shall become an Amount Forfeited and shall be available for allocation to the accounts of other Participants in the Plan Year following the Plan Year in which the Participant receives such distribution.

  • If no complete distribution is made, the non‑vested percentage of a Participant’s accounts, if any, shall become an Amount Forfeited and available for allocation to other Participants’ accounts as of the end of the Plan Year in which the Participant incurs five (5) consecutive one‑year Breaks in Service.

  • Upon a complete distribution pursuant to Section 6.6, the non-vested percentage of a Participant’s ESOP Account, if any, shall become an Amount Forfeited and shall be available to reduce Employer Contributions for the then current or next succeeding Plan Year or for allocation to the accounts of other Participants in the Plan Year following the Plan Year in which the Participant receives such distribution.

  • Upon a complete distribution pursuant to Section 6.6, the non‑vested percentage of a Participant’s ESOP Account, if any, shall become an Amount Forfeited and shall be available to reduce Employer Contributions for the then current or next succeeding Plan Year or for allocation to the accounts of other Participants in the Plan Year following the Plan Year in which the Participant receives such distribution.