Three-Year Forfeiture Period definition

Three-Year Forfeiture Period means, with respect to Matching Contribution Shares, the three-year period immediately following the last day of the Plan Year as of which the Matching Contribution Shares are initially credited to a Participant’s Account.
Sample 1

Examples of Three-Year Forfeiture Period in a sentence

  • Each Participant shall elect on his annual Deferral Agreement to receive payment of the aggregate of the Deferred Amount Shares calculated with respect to the relevant incentive award or base salary on a specified date that is no earlier than the end of the Three-Year Forfeiture Period to which Matching Contribution Shares are subject which are credited with respect to such Deferred Amount Shares.

  • A Participant may elect to extend the date for payment of Matching Contribution Shares by executing a new agreement regarding such extension at least six (6) months prior to the end of the Three-Year Forfeiture Period, or, if such Three-Year Forfeiture Period has ended and a “re-deferral period” is in effect, at least six (6) months prior to the end of such re-deferral period.

  • A Participant who separates from employment with the Company for any reason shall receive all Deferred Amount Shares credited to his Accounts as of the separation date, regardless of whether the Three-Year Forfeiture Period, or the deferral period elected by the Participant pursuant to Section 6.1(a) or (b), has been satisfied with respect to such Deferred Amount Shares.

  • A Participant may elect to extend the date of payment of Deferred Amount Shares by executing a new agreement regarding such extension at least six (6) months prior to the end of the Three-Year Forfeiture Period or, if such Three-Year Forfeiture Period has ended and a “re-deferral period” is in effect, at least six (6) months prior to the end of such re-deferral period.

  • The Matching Contribution Shares subject to this initial election shall be subject to forfeiture during the Three-Year Forfeiture Period, unless otherwise payable in accordance with Article 7.

  • All equipment, both above and below ground, must be removed as part of decommissioning plan.

  • Each Participant shall elect on his annual Deferral Agreement to receive payment of the aggregate of the Matching Contribution Shares calculated with respect to the Plan Year to which the Deferral Agreement relates, but in no event shall such payment date be earlier than the end of the Three-Year Forfeiture Period.

Related to Three-Year Forfeiture Period

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • One year means 365 calendar days as required in federal regulations.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Retention Period has the meaning set forth in Section 6.02.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Plan Year means the calendar year.