forfeiture
Dutch translation: verbeuring
| 09:52 Mar 14, 2011 |
| English to Dutch translations [PRO] Bus/Financial - Human Resources | |||||||
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|  Selected response from: Jeanette Willighagen Netherlands Local time: 14:44 | ||||||
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| Summary of answers provided | ||||
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| 3 | verbeuring |
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| verval van rechten |
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Answers
44 mins confidence: 
verbeuring Explanation: Forfeiture: "something that must be given up because one has done something wrong" Verbeuring vindt plaats op het moment dat de werknemers niet aan de gestelde criteria voldoen. In de onderstaande link vind je het woord verbeuring in dezelfde soort context (loon, beloning, etc) terug. "De verantwoorde kosten worden aangepast teneinde het werkelijk aantal aandelenopties uit te drukken welke naar verwachting zal worden verkregen door werknemers, tenzij zich verbeuring voordoet als gevolg van het niet voldoen aan de gestelde voorwaarden." Reference: http://www.euronext.com/fic/000/010/924/109246.pdf |
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Reference comments
9 days |
| Reference: verval van rechten Reference information: FWIW (for future reference) M.i. het gaat hier om verval van rechten. Bij verbeurdverklaring komt de overheid of de rechter tussenbeide - dat lijkt me hier niet aan de orde. http://www.fairmark.com/execcomp/vested.htm Forfeiture of stock The simplest example of a risk of forfeiture is where you receive stock from your employer but have to give it up if your employment terminates within a specified period of time. Stock received under these conditions isn't vested. Your stock becomes vested when your employment continues long enough so you don't have to give the stock back upon termination. http://www.faqs.org/sec-filings/110314/PENSECO-FINANCIAL-SER... A Participant shall have a vested right to his or her Account attributable to Deferrals and any earnings on such Deferrals. The vesting schedule for Company matching contributions under the Retirement Plan shall apply to Company Contributions under this Plan. For purposes of vesting in Company Contributions, a Participant’s service with the Company prior to the Effective Date of this Plan shall be recognized. A Participant shall become one hundred percent (100%) vested in all Company Contributions upon a Change of Control of the Company, the Eligible Executive’s Normal Retirement Date, or the Participant’s death, provided that the Participant is employed by the Company on the date of the Change of Control, Normal Retirement Date, or the Participant’s death. Upon the Participant’s Separation from Service, the Participant shall forfeit all Company Contributions that have not yet become vested under this Section. (emphasis added) |
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