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The company, now called Academi LLC, acknowledged "responsibility for the conduct" in signing what is known as a deferred prosecution agreement with the Justice Department.
Under the terms of the deal abandoned yesterday, Andersen would have admitted that it illegally destroyed documents, under what is known as a deferred prosecution agreement.
On June 15th the firm was freed from two years of legal probation, technically known as a deferred prosecution agreement, during which a federal official sat in on board meetings to ensure good behaviour.
Any such "shortfalls" in Years 1 and 2 of the new C.B.A. will be computed as a percentage reduction off of the player's stated contractual compensation, and will be repaid to the player as a deferred compensation benefit spread over the remaining future years of the his contract (or if he has no remaining years, in the year following the expiration of his contract).
According to the proposal, any shortfalls in the first two years of the new contract would be computed as a percentage reduction off a player's contractual compensation, and repaid as a deferred compensation benefit spread over the remaining future years of the contract.
Those were some of the transgressions uncovered during a two-year investigation led by the Justice and Treasury Departments and acknowledged by HSBC in a settlement, known as a deferred prosecution agreement, that was filed in a federal court in December.
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ANN: Such as? CATHY: A deferred desire, or the cessation of discomfort... ANN: Revenge?
Riley, who's a singer by training and a dancer only as "a dream deferred" — she said on the show that her family could afford only one of the pursuits — took to the ballroom thing like a fish to water, despite early nerves.
The benefit of a nonprosecution agreement, as opposed to a deferred prosecution agreement, is that no charges are ever filed.
Cherkasky, who yesterday refused to comment, was appointed as part of a deferred prosecution agreement with the Department of Justice to run for five years from the 2012 fine.
And the Justice Department forced another big bank, HSBC, as part of a deferred prosecution agreement relating to various financial crimes, to hire a corporate monitor for a five-year period.
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