Forfeiture Date definition

Forfeiture Date means any date as of which Grantee’s rights to all or any portion of the Restricted Stock are forfeited pursuant to applicable provisions of this Agreement.
Forfeiture Date means the date that is the earlier of: (i) the effective date of the Participant’s termination or resignation, as the case may be; and (ii) the date that the Participant ceases to be in the active performance of the usual and customary day-to-day duties of the Participant’s position or job, regardless of whether adequate or proper advance notice of termination or resignation shall have been provided in respect of such cessation of being a Participant;
Forfeiture Date means the date, as determined by the Board, on which a Participant:

Examples of Forfeiture Date in a sentence

  • The Issuer shall procure that any Partly Paid Instalments paid in respect of any Instruments subsequent to the Forfeiture Date in respect thereof shall be returned promptly to the persons entitled thereto.

  • Interest shall accrue on any Partly Paid Instalment which is not paid on or prior to the due date for payment thereof at the Interest Rate (in the case of non-interest bearing Instruments, at the rate applicable to overdue payments) and shall be calculated in the same manner and on the same basis as if it were interest accruing on the Instruments for the period from and including the due date for payment of the relevant Partly Paid Instalment up to but excluding the Forfeiture Date.

  • For the purpose of the accrual of interest, any payment of any Partly Paid Instalment made after the due date for payment shall be treated as having been made on the day preceding the Forfeiture Date (whether or not a Business Day as defined in Condition 5.9).

  • Notwithstanding anything to the contrary in this Award or the Plan, in the event that this Award is not accepted by the Awardee on or before the date that is 180 days from the grant date noted herein (the “Forfeiture Date”), then this Award shall become null and void and all Stock Units subject to this Award shall be forfeited by the Awardee as of the Forfeiture Date.

  • Provided, however, the Plan Administrator shall not restore the Nonvested Account if (i) a Forfeiture Date has occurred after the date of the distribution and on or before the date of repayment and (ii) that Forfeiture Date would result in a complete forfeiture of the amount the Plan Administrator would otherwise restore.


More Definitions of Forfeiture Date

Forfeiture Date means the date that is the later of (i) the one-year anniversary of the Effective Date, or (ii) the one-year anniversary of the date on which such Distribution is made available to the applicable Claimant by the Disbursing Agent.
Forfeiture Date means the date the Participant ceases to be an Employee. A Participant who has no vested interest in his Employer Account shall be deemed to be cashed-out of his Employer Account on his Forfeiture Date.
Forfeiture Date means the date, as determined by the Committee, on which a Participant:
Forfeiture Date means the date that is the one year anniversary of the Effective Date.
Forfeiture Date means any date during the Restricted Period on which Grantee’s employment with the Company or an Affiliate of the Company terminates for any reason other than death or disability, within the meaning of subsection 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). For purposes of this Agreement, “Affiliate” shall mean a corporation that is a parent corporation or a subsidiary corporation with respect to the Company within the meaning of Section 424(e) or (f) of the Code.
Forfeiture Date means any date during the Restricted Period on which Grantee’s employment with the Company or an Affiliate of the Company terminates for any reason other than (i) Death; (ii) Disability or Incapacity (as defined in the Employment Agreement), (iii) Grantee’s resignation for Good Reason (as defined in the Employment Agreement), or (iv) Grantee’s discharge without Cause (as defined in the Employment Agreement). For purposes of this Agreement, “Affiliate” shall mean a corporation that is a parent corporation or a subsidiary corporation with respect to the Company within the meaning of Section 424(e) or (f) of the Internal Revenue Code of 1986, as amended (the “Code”).
Forfeiture Date means any date prior to the end of the Restriction Period on which Grantee’s employment with the Company (or an affiliate of the Company) terminates for any reason unless such termination of employment is treated hereunder as accelerating the end of the Restriction Period.