forfeiture clause. In case of negligence/ dereliction of duty by contractor 's staff, the above contract shall be terminated without giving any notice by the Bank and the security deposit shall be forfeited.

Forfeiture. Where a Participant engages in certain competitive activity or is terminated by the Company for Cause, his or her Restricted Stock and Shares are subject to forfeiture conditions under Section 11.3 of the Plan.

Generally, awards of restricted stock, restricted stock units and performance share units to our officers and employees under the Stock Incentive Plan are subject to vesting over time as determined by the Compensation Committee and, prior to vesting, are subject to forfeiture.

Forfeiture. Unless otherwise specified in the Vesting Agreement, upon the occurrence of any event specified in a Vesting Agreement as resulting in either the right of the Partnership or the General Pa...

A forfeiture clause is a provision in a contract that stipulates the loss or surrender of rights, property, or money if one party fails to fulfill predetermined conditions or obligations. It serves as a penalty or consequence for non-compliance, ensuring that parties adhere to the contract's terms.

2021年5月31日 · Forfeiture, under the terms of a contract, refers to the requirement by the defaulting party to give up ownership of an asset, or cash flows from an asset, as compensation for the resulting...

Forfeiture clause is a provision in a contract to the effect that under certain circumstances, one party must forfeit something to the other. However such provisions are often said to be void. Non contest clauses are also reffered to as forfeiture clauses.

2023年11月21日 · A forfeiture clause in real estate is a seller's remedy that allows a seller to take back property purchased on a land installment contract if the buyer defaults on payments. While some...

notice period shall imply a forfeiture of the term and the Landlord may forthwith enter and dispossess tenant without have declared such forfeiture or having reserved the right of reentry in the lease.

2018年11月17日 · In real estate, a forfeiture clause is activated when the buyer or lessee fails to fulfill their payment obligations. The clause allows the seller or lessor to take legal action to terminate the contract, repossess the property, and keep all payments made up to that point.