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.

  • A draft mandate and practical arrangements have been developed, that come close to the Guidelines of the 1267 Committee.78 It described, how proposals for designations shall be handled, how the statement of reason must look like and how a review procedure is to be conducted.

  • 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.

  • 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.

  • 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.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.

  • 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.

  • 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.

  • 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 in the Company to reacquire shares of Restricted Stock at less than their 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.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • 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:

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

  • 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.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • 409A Change in Control means a "Change in Control" which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A.

  • Vesting Agreement means each or any, as the context implies, agreement or instrument entered into by a holder of LTIP Units upon acceptance of an award of LTIP Units under an Equity Incentive Plan.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

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

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Vesting Event means the earliest to occur of the following events: