Forfeiture means that portion of a Participant's Account that is not Vested, and occurs on the earlier of:

Forfeiture means that portion of a Participant's Account that is not Vested and is disposed of in accordance with the provisions of the Plan. Unless otherwise elected in the Adoption Agreement, Forfeitures occur pursuant to (a) below.

Forfeiture. Means that portion of a Participant's Individual Account derived from Employer Contributions which he or she is not entitled to receive (i.e., the nonvested portion).

Examples of Forfeiture in a sentence

Any such Risk of Forfeiture may be waived or terminated, or the Restriction Period shortened, at any time by the Committee on such basis as it deems appropriate.
During the Restriction Period applicable to shares of Restricted Stock, such shares shall be subject to limitations on transferability and a Risk of Forfeiture arising on the basis of such conditions related to the performance of services, Company or Affiliate performance or otherwise as the Committee may determine and provide for in the applicable Award Agreement.
Termination of Contract.b. Blacklisting in FIRST PARTY for 5 years.c. Blacklisting to be circulated to all procurement agencies throughout the country.d. Forfeiture of the Performance Bank Guaranteee.
Each Restricted Stock Award may have different Forfeiture Restrictions, in the discretion of the Committee.
The penal measure will be Forfeiture of Earnest Money, Forfeiture of Performance Bank Guarantee if enlisted as a supplier.

More Definitions of Forfeiture

Forfeiture means the permanent deprivation of property by order of a court or other competent authority;

Forfeiture means that portion of a Participant's Account that is not Vested and is disposed of in accordance with the provisions of the Plan.

Forfeiture means the transfer by the Management Stockholder to the Company of Restricted Stock in exchange for the Purchase Price and the forfeiture by the Management Stockholder of any and all rights, interests and claims in respect of such shares of Restricted Stock upon the occurrence of an event specified in, and to the extent provided in, Section 2. “Forfeited” shall have a corollary meaning when used herein.

Forfeiture means, in relation to Restricted Shares, the compulsory transfer of Restricted Shares by the Grantee, in accordance with and on and subject to the terms set out in the Award Agreement to one of the following, at the election of the Company: the Company, subject to Applicable Law, an employee benefit trust established by the Company, or an unrelated third party designated by the Company. “Forfeiture” means, in relation to any other Award, the termination of the Award without the Award becoming vested or payable. “Forfeitable,” “Forfeited” and “non-Forfeitable” shall be construed accordingly.

Forfeiture means the portion of a Participant's Account Balances to which he is not entitled at the termination of his employment as determined in Section 7.05.

Forfeiture means the shares of the Company being surrendered and cancelled, which shall take effect as a surrender and cancellation for no consideration as a matter of Cayman Islands law.