Forfeiture Rights definition

Forfeiture Rights means the right of any Governmental Authority or other Person to require the forfeiture of the property of a Person.
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Forfeiture Rights has the meaning assigned in Section 5.12. “Funds” means the Replacement Escrow Fund.
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Forfeiture Rights has the meaning assigned in Section 5.12.
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Examples of Forfeiture Rights in a sentence

  • Forfeiture: Rights and benefits under this Option are subject to forfeiture.

  • Borrowers hereby covenant and agree not to commit, permit or suffer to exist any act or omission affording any Person Forfeiture Rights with respect to any Project.

  • Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording any Person Forfeiture Rights with respect to the Project.

  • Forfeiture Rights, Options and Performance Share Awards will be forfeited where: (a) the Board determines in its absolute discretion that a participant has acted fraudulently or dishonestly, or is in material breach of his or her obligations to the Company or its related bodies corporate; or(b) a participant ceases to be employed by the Company or its related bodies corporate other than as a result of a Qualifying Event, whether or not those awards have vested.

  • Retrieved 1 November 2019, from https://www.un.org/sustainabledevelopment/development-agenda/ London InternationalModel United Nations 2020UN Women Definitions Sex: refers to the biological differences between males and females of a species.

  • OUR MISSION To facilitate sustainable growth in Timmins by enabling community development initiatives that enhance quality of life and by attracting, retaining, and expanding businesses.

  • The decision to exercise the Company’s Forfeiture Rights under this Section 13 will be based solely on the judgment of the Committee, in its sole and complete discretion, given the facts and circumstances of each particular case.

Related to Forfeiture Rights

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

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

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

  • 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.

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

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Forfeited means the Insured’s financial Loss of any whole or prorated prepaid

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

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

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

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Forfeiture Event means the occurrence of at least one of the following (a) the Company is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or an authorized subcommittee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board 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 Board concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company.

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

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

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Restricted Share Award means an award of Restricted Shares.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

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

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.