Forfeited Amount definition

Forfeited Amount has the meaning set forth in Section 1.7(c).
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Forfeited Amount means such amount as defined under Clause 6.5 below;
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Forfeited Amount means (i) the cash held in a Participant's Individual Fund Account, and (ii) the fair market value of the number of shares of Stock held in the Participant's Individual Shares Account, all determined on the last business day of the month following the month in which the Participant's Active Association with the Plan Sponsor is terminated.
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Examples of Forfeited Amount in a sentence

  • The amount of Additional Shares and Additional Cash Bonus awarded to the CEO under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount.

  • In consideration for the opportunity to earn the Performance Bonus, CEO hereby unconditionally waives his right to receive the Forfeited Amount.

  • In consideration for the opportunity to earn the Performance Bonus, Executive hereby unconditionally waives his right to receive the Forfeited Amount.

  • The exercise of any or all of this Option shall be deemed to be consent to, and authorization of the payment to the Company of any Forfeited Amount.

  • The portion of the Forfeited Amount equal to the aggregate Pro Rata Percentage of the Unvested Company Options as to which no Applicable Vesting Date has occurred shall be reserved for distribution to the holders of such Unvested Company Options in accordance with this Section 2.11(k) or, to the extent that any such amounts shall become Forfeited Amounts, to Former Company Stockholders and Optionholders in accordance with this Section 2.11(k).

  • The amount of the Incentive Fee (multiplied by such Participant’s Incentive Percentage) for the Fiscal Year in which such Terminating Event occurs that is not due and payable as provided in this subsection 6.05 shall be reallocated to the Subaccounts of other Participants as if such amount was treated as a Forfeited Amount under subsection 8.01.

  • The amount of Additional Shares and Additional Cash Bonus awarded to the Executive under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount.

  • The Parties agree that the Forfeited Amount is restitution under this Agreement.

  • If a Forfeiture Event occurs, the Participant will immediately forfeit any remaining part of the Option and to the extent that he or she has previously exercised any or all of the Option, the Participant will be immediately obligated to pay the Company the Forfeited Amount (defined below).

  • The Forfeited Amount shall be considered an alternate remedy under 31 U.S.C. § 3730(c)(5) of the FCA.


More Definitions of Forfeited Amount

Forfeited Amount has the meaning set forth in Section 2.11(k).
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Forfeited Amount means, with respect to an Award Date, the amount of Awards credited to Accounts as of such Award Date that have been forfeited by participants pursuant to Section 9.
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Forfeited Amount is defined in Section 8.4.
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