Forfeiture Action definition

Forfeiture Action means any action, including investigations, hearings, and other legal proceedings, before any court, tribunal, commission, or governmental authority, agency, or instrumentality, whether domestic or foreign, that may result in seizure of any property or asset.
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Forfeiture Action means the action identified in the column, “Forfeiture Action,” in the chart below.
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Forfeiture Action means any and all steps taken by any Landlord under any Lease:
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Examples of Forfeiture Action in a sentence

  • The Forfeiture Action is essentially complete because judgments of forfeiture have been entered against all defendant properties.

  • This zone is intended for the development of all types of light industries that include small scale factories, transport terminals, etc.

  • If the Final Court Order upholds the Forfeiture Action and Licensee fails to cure any and all material breaches giving rise to the Forfeiture Action within thirty (30) days after the Final Court Order, the City may enforce the Forfeiture Action.

  • In the event Licensee has not transferred the Telecommunications Facilities within 180 days of the Final Court Order to an unaffiliated person reasonably acceptable to the City and in accordance with Section 7 of this Telecommunications License, the City may enforce the Forfeiture Action and the Licensee shall cease its use of the Telecommunications Facilities within the City.

  • Licensee shall not enjoy any further rights to install Facilities within the Public Way pursuant to this Telecommunications License, but otherwise the City will stay execution of the Forfeiture Action until the Final Court Order.

  • The Receiver will continue to provide updates to the Court through these monthly reports as to significant developments in the proposed class-action lawsuit that may impact the receivership.A hearing has been scheduled for the date of June 23, 2020, on a motion filed by Defendant Charles Schwab to deny the proposed class certification.6. Federal Criminal Conviction / Federal Civil Forfeiture Action against Paul Donisthorpe: Paul A.

  • When the final settlement agreement has been reduced to writing and signed by all parties, the Receiver will provide a copy of the settlement to this Court.6. Federal Criminal Conviction / Federal Civil Forfeiture Action against Paul Donisthorpe: Paul A.

  • A settlement agreement is being negotiated with the United States Government in respect of the Forfeiture Action requiring them, upon payment by the Bank to the Receiver, of all funds held by it on the Customer’s behalf, to simultaneously remit to The Bank of Nevis Ltd.

  • The Receiver will continue to provide updates to the Court through these monthly reports as to significant developments in the proposed class-action lawsuit that may impact the receivership.6. Federal Criminal Conviction / Federal Civil Forfeiture Action against Paul Donisthorpe: Paul A.

  • This settlement agreement will be a final determination of the Forfeiture Action.


More Definitions of Forfeiture Action

Forfeiture Action means the proceeds received from the sale of Company Common Shares to a Company Shareholder in the aggregate amount of $650,000 which amount may be subject to a forfeiture claim pursuant to a forfeiture judgment against such Company Shareholder in the U.S., as disclosed by the Company to Caracara.
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Related to Forfeiture Action

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

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

  • Forfeiture Event means the occurrence of at least one of the following (a) the Corporation is required, pursuant to a determination made by the Securities and Exchange Commission or by the Audit Committee of the Board, to prepare a material accounting restatement due to the noncompliance of the Corporation with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Committee determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Committee concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Corporation.

  • Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted Stock or Restricted Stock Units, including a right of the Company to reacquire shares of Restricted Stock at less than its then Market Value, arising because of the occurrence or non-occurrence of specified events or conditions.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • forfeiture order means a forfeiture order referred to in section 61(1);

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • Adverse employment action means an action that affects an em- ployee ’s compensation, promotion, transfer, work assignment, or performance evaluation, or any other employment action that would dissuade a reasonable employee from making or supporting a report of abuse or neglect under Family Code 261.101.

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Arbitral award or decision means an arbitrator or arbitral panel determination that a labor law violation occurred, or that enjoined or restrained a violation of labor law. It includes an award or decision that is not final or is subject to being confirmed, modified, or vacated by a court, and includes an award or decision resulting from private or confidential proceedings. To determine whether a particular award or decision is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

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

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Avoidance Action means any claim or cause of action of an Estate arising out of or maintainable pursuant to sections 502, 510, 541, 542, 543, 544, 545, 547, 548, 549, 550, 551, or 553 of the Bankruptcy Code or under any other similar applicable law, regardless of whether or not such action has been commenced prior to the Effective Date.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant. Matching Contributions shall be deemed to be invested in the Company stock, and a Participant shall not be permitted to elect a different Deemed Crediting Option for such Matching Contributions.

Most Referenced Clauses

Most Referenced Definitions