Forfeiture Event

Example Definitions of "Forfeiture Event"
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 any 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. View More
Found in MPLX LP contract
Forfeiture Event. Means the The occurrence of at least one of the following (a) the Company Corporation is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or any authorized subcommittee Audit Committee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company Corporation with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board 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 Board Committee concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company. Corporation View More
Found in Marathon Oil Corp. contract
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Forfeiture Event. A Termination of Employment for any reason other than death or Retirement, regardless of whether such Termination of Employment is voluntary or involuntary
Found in TWIN DISC INC contract
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