Forfeitures definition

Forfeitures means any amounts forfeited pursuant to Section 4.2.

Forfeitures means the amounts forfeited by Participants and Former Participants on termination of employment prior to full vesting, pursuant to section 9.3, less amounts credited because of re-employment, pursuant to section 9.4.

Forfeitures means the Unvested Portion of a Member’s Account that becomes forfeited pursuant to section 8.3.

Examples of Forfeitures in a sentence

• Forfeitures will be used to defray the administrative expenses of the program.

• For purposes of minimum Top-Heavy allocations, an allocation of contributions and Forfeitures equal to the following percentage of each Non-Key Employee's Compensation will be made to the Employee's Account when the Plan is Top-Heavy: (Must select a.

• Forfeitures shall continue to be held in a separate account of the VEBA and used to fund the school corporation’s future contribution obligations to the VEBA.

• Applied to reduce administrative expenses of the Plan, then any remaining Forfeitures shall be applied according to the following selections.

• Forfeitures shall continue to be held in a separate account of the VEBA and used to fund the Corporation’s future contribution obligations to the VEBA.

More Definitions of Forfeitures

Forfeitures means the nonvested portion of a Participant's benefit that is forfeited in accordance with the provisions of Article VIII.

Forfeitures means the portion of a Participant’s Company Contribution Account which is forfeited because of a Break in Service in accordance with the Plan’s vesting schedule.

Forfeitures means the amount of wages, penalties, and forfeitures assessed by the LVMWD and proposed to be withheld pursuant to Labor Code section 1771.6(a), and includes the following: (1) the difference between the prevailing wage rates and the amount paid to each worker for each calendar day or portion thereof for which each worker was paid less than the prevailing wage rate by the contractor or subcontractor; and (2) penalties assessed under Labor Code Sections 1775, 1776 and 1813.

Forfeitures means the amounts forfeited by Members and Former Members on termination of employment prior to full vesting, pursuant to section 9.3, less amounts credited because of re-employment, pursuant to section 9.4.

Forfeitures means, with respect to a Participant who incurs a Termination of Employment, the amount of the Participant's Options that is not vested and as a result forfeited by the Participant. Such Forfeitures shall become the property of the Company.

Forfeitures means nonvested amounts allocated pursuant to Article VII.

Forfeitures means the non-vested portion of the Company Account that the Participant is not entitled to upon termination of employment.