Severe Financial Hardship definition

Severe Financial Hardship means a severe financial hardship as defined in subsection 15(h) of this Plan.

Severe Financial Hardship means that the Relevant Person is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances. Share means a fully paid ordinary share in the capital of the Company. Shareholder means a holder of Shares.

Severe Financial Hardship means an unforeseeable emergency causing severe financial hardship to the Participant resulting from one or more of the following:

Examples of Severe Financial Hardship in a sentence

• The Committee shall require such evidence as is reasonably necessary to determine if a distribution is warranted and satisfies the requirements of a Severe Financial Hardship pursuant to Code § 409A.

• In the event of a Severe Financial Hardship of a Participant, the Participant may request distribution of some or all of the Participant’s Account or the cancellation of the Participant’s election to defer Salary or Bonus for the remainder of the Plan Year.

• In the event of a Severe Financial Hardship of a Participant, the Participant may request distribution of some or all of the Participant’s Account.

• Any such payment shall be limited to that amount reasonably necessary to alleviate the Severe Financial Hardship, and any remaining payments or account balances shall be appropriately adjusted.

• Basis of accounting for purposes of reporting by operating segments Accounting policies adopted Unless stated otherwise, all amounts reported to the Board of Directors as the chief decision makers with respect to operating segments are determined in accordance with accounting policies that are consistent to those adopted in the annual financial statements of the Group as detailed in Note 1.

More Definitions of Severe Financial Hardship

Severe Financial Hardship means a pressing financial commitment that cannot be satisfied otherwise than by selling the Company Securities.

Severe Financial Hardship means any financial hardship resulting from extraordinary and unforeseeable circumstances arising as a result of one or more recent events beyond the control of the Participant, which is not or may not be relieved (i) through reimbursement or compensation by insurance or otherwise; (ii) by liquidation of the Participant's assets, to the extent the liquidation of such assets would not itself cause Severe Financial Hardship; and (iii) by cessation of deferrals under the Plan. Severe Financial Hardship shall not include, by way of illustration only, financial hardship occasioned by a child's college tuition or the purchase of a home.

Severe Financial Hardship means demonstrated financial hardship directly resulting from the alleged improper activity of the university.

Severe Financial Hardship means that the Relevant Person is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circumstances.Share means a fully paid ordinary share in the capital of the Company.Shareholder means a holder of Shares.Special Circumstances means:

Severe Financial Hardship means an unforeseeable emergency causing severe financial hardship to the Participant resulting from one or more of the following: The Western Union Company Supplemental Incentive Savings Plan 4/1/20185

Severe Financial Hardship means the Participant is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, impacts of natural disaster and other serious or difficult circumstances;

Severe Financial Hardship means a pressing financial commitment that cannotbe satisfied otherwise than by selling securities of the Company.