Event of Forfeiture definition

Event of Forfeiture has the meaning set forth in Section 4.04.

Event of Forfeiture means with respect to a Participant who terminates employment, either the incurring of five consecutive One-Year Breaks in Service or a cash-out payment in full in a single lump sum of all of his vested Accrued Benefit, subject to the reinstatement of forfeitures requirements of Article V, Paragraph F. A Participant who terminates employment with no vested Accrued Benefit shall be deemed to have received a cash-out payment.

Event of Forfeiture means and shall be deemed to have occurred with respect to an Associate Member in the event that there occurs with respect to such Associate Member a Separation Event.

Examples of Event of Forfeiture in a sentence

• The General Partner may exercise such right and option of purchase within 60 days of an Event of Forfeiture.

• A Participant shall forfeit any and/or all of his or her Interests held by such Participant if such Participant admits or enters a plea of no contest to or is convicted of a felony or misdemeanor offense against CWEI or any of its Affiliates ("Event of Forfeiture").

• On each Anniversary Date, the nonvested Accrued Benefit of each Participant with respect to whom an Event of Forfeiture has occurred and who is not in the employ of the Employer on the Anniversary Date shall be forfeited.

• A Transfer-Out Employee’s service with a co-sponsor of the WMS 401(k) Plan shall not be considered in determining whether an Event of Forfeiture has been incurred in this Plan.

• A novel non-invasive experimental method to measure the chemotaxis response will rst be presented.

More Definitions of Event of Forfeiture

Event of Forfeiture means and shall be deemed to have occurred in the event that:

Event of Forfeiture has the meaxxxx set forth in Section 4.04.

Event of Forfeiture means, with respect to any Member, that such Member has failed to take any action required by, or has taken any action prohibited by, Section 8.1.

Event of Forfeiture means and shall be deemed to have occurred with respect to an Associate Member in the event that there occurs with respect to such Associate Member a Separation Event of the type described in clause (w), (x) or (z) of the definition of “Separation Event.” An Event of Forfeiture for an Associate Member whose relationship with the Employer has been terminated may thereafter occur if any Clause Z Event occurs with respect to such Associate Member.

Event of Forfeiture has the meanxxx set forth in Section 4.04.

Event of Forfeiture means, with respect to any Member, that such Member has breached Section 8.1, and such breach has not been cured, if curable, within 15 days following notice by the Managing Member of such breach.

Event of Forfeiture means the termination of the Employee's employment with the Employer pursuant to Paragraph 8.6 or 8.8 of this Agreement