Forfeit definition

Forfeit. “Forfeiture,” “Forfeited” means the loss by a Participant of any and all rights to an award granted under the Plan, including the loss to any payment of compensation by the Company under the Plan or any award granted thereunder.

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Forfeit means to divest a claimant of an ownership interest in property seized

Forfeit means money due but lost because of an error, fault, neglect of duty, breach of contract, or a penalty.

Examples of Forfeit in a sentence

Forfeit accrued annual or compensatory time credits at a rate of one hour for each hour of the assessed disciplinary action.
However, if the Termination Event was for Performance Reasons, the Management Stockholder shall Forfeit those shares of Restricted Stock that are not Non-Forfeitable Shares on the effective date of the Termination Event.
Receive authorization to move out during contract period: Forfeit deposit; pay any damage fees, unit charges (prorated through the official date of checkout) and a Contract Break Fee (stated in Section 2).
Fail to remove all belongings in December if not residing on campus for the spring semester: Forfeit deposit, pay any damage fees, unit charges (prorated through the official date of checkout) and a Contract Break Fee (stated in Section 2).
Move off campus without an off-campus permit during the contract period: Forfeit deposit and pay any damage fees.

More Definitions of Forfeit

Forfeit means to divest a claimant of an ownership interest in property seized under this title.

Forfeit means forfeit to Her Majesty in right of Canada;

Forfeit or "forfeiture" means to cancel the purchaser's rights under a real estate contract and to terminate all right, title, and interest in the property of the purchaser and of persons claiming by or through the purchaser, all to the extent provided in this chapter, because of a breach of one or more of the purchaser's obligations under the contract. A judicial foreclosure of a real

Forfeit or "forfeiture" means the immediate and automatic termination of a license or certificate without any prior consultation with the licensee or certificate holder caused by the licensee or certificate holder's failure to comply with the requirements for maintaining or renewing the license or certificate.

Forfeit or "forfeiture" means the immediate and automatic termination or cancellation without any prior consultation with the licensee of a license issued by a board, caused by a licensee's voluntary or involuntary failure to comply with the requirements for maintaining or renewing a license.

Forfeit means to divest a claimant of an ownership interest in property seized under Section 77-11a-201.

Forfeit means that the player has the option after doubling to have the dealer return the doubled portion of the wager to the player and forfeit the original wager;