Financial Misconduct means fraud, gross negligence or intentional or willful misconduct that contributes, directly or indirectly, to the Company’s financial or operational results that are used to determine the extent to which any award of cash or stock under the Plan being misstated, regardless of whether the Company is required to prepare an accounting restatement of its consolidated financial statements, which is discovered during the relevant year in which such award is awarded or payable or within three years thereafter.
Financial Misconduct for the purposes of the act, means a criminal conviction for any of the following:
Examples of Financial Misconduct in a sentence
In the event the Company determines that the Participant has engaged in General Misconduct or Financial Misconduct (as each is defined in (d) below), the Company shall terminate the Participant’s participation in the Plan, and the Participant shall forfeit 100% his Post-6/30/09 Benefit (and all related rights) that has not been distributed to him as of the time the Company determines the Participant has engaged in General Misconduct or Financial Restatement Misconduct.
More Definitions of Financial Misconduct
Financial Misconduct means any act of financial misconduct referred to in-
Financial Misconduct means any misappropriation, mismanagement, waste, or theft of the finances of a municipality and also includes any form of financial misconduct specifically set out in section 171 of the Local Government; Municipal Finance Management Act, 2003 (Act 56 of 2003);
Financial Misconduct means wilful or negligent act or omission which permits an unauthorised, irregular or wasteful expenditure, theft, or misapplication of funds;
Financial Misconduct means where the accounting officer or chief financial officer orsenior managers or any other official of the municipality deliberately or negligently:
Financial Misconduct means any act of financial misconduct referred to in section 171 of the MFMA committed by an official of a municipality.
Financial Misconduct means fraud, gross negligence or intentional or willful misconduct that contributes, directly or indirectly, to the Company’s financial or operational results that are used to determine the extent to which any award or cash or stock under the Plan being misstated, regardless of whether the Company is required to prepare an accounting restatement of its consolidated financial statements, which his discovered during the relevant year in which such award is awarded or payable or within three years thereafter.
Financial Misconduct means willful or negligent act or omission which permits an unauthorized, irregular or wasteful expenditure, theft, or misapplication of funds;