financial penalty definition

financial penalty means a penalty that—
financial penalty means the obligation to pay:
financial penalty means an amount equal to the product of the Financial Penalty Tariff Rate multiplied by the difference between that Shipper's Binding Nomination and its Actual Shipments during said month.

Examples of financial penalty in a sentence

  • FREQUENCY OF VIOLATIONSTANDARD SANCTIONEXCEPTIONAL SANCTION1ST VIOLATIONRe-training on the policy.§ Financial Penalty (fine, “give up”, § non-reimbursement)§ Other (including Termination if necessary)2ND VIOLATIONWritten notification to employee and manager.3RD VIOLATIONOne quarter freeze on the relevant activity.

  • In the absence of Misconduct, no forfeiture or reimbursement shall be required as a result of a Material Financial Penalty.


More Definitions of financial penalty

financial penalty means a financial penalty imposed under section 59;
financial penalty means a financial penalty imposed in accordance with regulation 57;
financial penalty means the obligation to pay a sum of money imposed by a decision, in accordance with the national law of the respective Contracting Party.
financial penalty means the obligation to pay a sum of money on conviction of a criminal or administrative offence, including orders made in criminal proceedings to pay compensation for the benefit of victims of crime, and orders to pay sums in respect of the costs of court or administrative proceedings; however, it shall not include orders for the confiscation of instrumentalities or proceeds of crime or orders that are enforceable in accordance with Council Regulation (EC) No 44/2001 of 22 December 2000 on jurisdiction and the recognition and enforcement of judgements in civil and commercial matters (1);
financial penalty has the meaning set forth in Section 2.7.2.
financial penalty means the obligation to pay a sum of money in respect of a road traffic offence, the amount of which is assessed by the judicial or administrative authorities of the Member States;
financial penalty means the obligation to pay a sum of money in respect of a road traffic offence, the amount of which is assessed by the judicialor administrative authorities of the Contracting Parties;