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Power Company, agreed in talks with the state to forfeit them.
As for vested options, if you don't exercise them within three months of leaving, then you forfeit them.
A spokesman for GMG said at the time that whether other managers eligible for bonuses decided to forfeit them was an "individual, private matter".
As a result, he must either forfeit them -- thus giving up millions in potential benefits -- or hold onto them until long after a new administration takes office.
The S.E.C. had sought the freeze to ensure that Mr. Scrushy's assets would be available if he was later ordered to forfeit them in a possible trial.
The same day, the Long Beach City Council extended the period during which airlines must use the slots or forfeit them to 24 months from 6 months.
Similar(51)
And when he received the ensigns of majesty again, he was well pleased, evidently because he had forfeited them before.
Among them are men who had green cards, but forfeited them after being found guilty of felonies.
It strikes at our British privileges which as we have never forfeited them we hold in common with our fellow subjects who are natives of Britain". That's a pretty strong statement.
C1 Bush Aide's Enron Holdings Army Secretary Thomas E. White, a former top Enron executive, promised last year to give up any financial interest in the company but held options to buy 665,000 shares until early this year, when he forfeited them.
The White House, civil rights groups and consumer advocates criticized the measure because it would allow anti-abortion protesters to avoid court judgments over illegal protests by seeking bankruptcy protection, and because it failed to end exemptions available in Florida and Texas that allow people with large homes to avoid forfeiting them when filing for bankruptcy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com