Severe Financial Hardship definition

Severe Financial Hardship means a severe financial hardship as defined in subsection 15(h) of this Plan.

Severe Financial Hardship means an unforeseeable emergency causing severe financial hardship to the Participant resulting from one or more of the following:

Severe Financial Hardship means that the Relevant Person is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances. Share means a fully paid ordinary share in the capital of the Company. Shareholder means a holder of Shares.

Examples of Severe Financial Hardship in a sentence

• Severe Financial Hardship means that the Relevant Person is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances.

• Your tax liability would not normally constitute a Severe Financial Hardship unless you have no other means of satisfying the liability.

• Criteria for Severe Financial Hardship 1The participant’s income must not exceed the Department of Human Services income thresholds for the low income health care card, as outlined below.

• You, in seeking clearance to Trade, must satisfy the Trading Officer that you are in Severe Financial Hardship or that your circumstances are otherwise exceptional (that is, there are Exceptional Circumstances) and that the proposed sale or disposal of the relevant Securities is the only reasonable course of action available.

• The determination of whether you are in Severe Financial Hardship or whether a particular set of circumstances falls within the range of Exceptional Circumstances under the Policy (for the purpose of obtaining prior written clearance to sell or otherwise dispose of Securities during a Prohibited Period) can only be made by the Trading Officer.

More Definitions of Severe Financial Hardship

Severe Financial Hardship means a pressing financial commitment that cannot be satisfied otherwise than by selling the Company Securities.

Severe Financial Hardship means demonstrated financial hardship directly resulting from the alleged improper activity of the university.

Severe Financial Hardship means that the Relevant Person is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances.Share means a fully paid ordinary share in the capital of the Company.Shareholder means a holder of Shares.Special Circumstances means:

Severe Financial Hardship means any financial hardship resulting from extraordinary and unforeseeable circumstances arising as a result of one or more recent events beyond the control of the Participant, which is not or may not be relieved (i) through reimbursement or compensation by insurance or otherwise; (ii) by liquidation of the Participant's assets, to the extent the liquidation of such assets would not itself cause Severe Financial Hardship; and (iii) by cessation of deferrals under the Plan. Severe Financial Hardship shall not include, by way of illustration only, financial hardship occasioned by a child's college tuition or the purchase of a home.

Severe Financial Hardship means an unforeseeable emergency causing severe financial hardship to the Participant resulting from one or more of the following: The Western Union Company Supplemental Incentive Savings Plan 4/1/20185

Severe Financial Hardship means that the Optionholder is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances.SCHEDULE 2 – ISSUES OF EQUITY SECURITIES SINCE 25 OCTOBER 2016 DateQuantityClassRecipientsIssue price and discount to Market Price (if applicable)1Form of considerationIssue – 21/12/2016Appendix 3B –21/12/20163,925,000(1,750,000options cancelled upon resignation of employee on 31 January 2017)Unquoted Options2Employees of the Company pursuant to the Incentive Option Plan-Non-cash Consideration: Performance based remuneration for services provided to the CompanyCurrent value7 = $42,705 (for the remaining 2,175,000 options)Issue – 21/12/2016Appendix 3B –21/12/20166,825,000Unquoted Options3Employees who are Eligible Participants (under the terms of Schedule 1 of this Notice)-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value7= $103,646Issue – 03/03/2017Appendix 3B –07/03/2017538,555Shares4Sensape GmbH-Non-cash Consideration: Consideration for services providedCurrent value7 = $29,620Issue – 03/03/2017Appendix 3B –07/03/201710,000,000Performance Rights5Vlado Bosanac issued pursuant to the Incentive Performance Rights Plan-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value8 = $550,000 if based on non-market criteria or $210,000 if based on vesting per VWAPIssue – 03/03/2017Appendix 3B –07/03/20172,500,000(1,000,000expired on 30September 2017)Performance Rights6Terence Stupple (under the Incentive Performance Rights Plan)-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value7 = $82,500 for 1,500,000 Performance Rights ($55,000 worth of Performance Rights expired) Notes:

Severe Financial Hardship means an unanticipated emergency that is caused by an event beyond the control of the Participant that would result in severe hardship thereto if early withdrawal of funds allocated to his Account were not permitted.