Election Procedures Established Clause Samples
The 'Election Procedures Established' clause defines the rules and processes by which elections are to be conducted within an organization or for a specific purpose. It typically outlines the steps for nominating candidates, voting methods, eligibility requirements, and the timeline for each stage of the election. By clearly setting out these procedures, the clause ensures transparency, fairness, and consistency in the election process, thereby minimizing disputes and confusion among participants.
Election Procedures Established. The Committee shall, from time to time, establish rules to be applied in a nondiscriminatory manner as to all matters relating to the administration of the investment of funds including, but not limited to, the following:
(a) the percentage of a Participant’s or former Participant’s Account as it exists, from time to time, that may be transferred from one fund to another and the limitations based on amounts, percentages, time, or frequency, if any, on such transfers;
(b) the percentage of a Participant’s future contributions, when allocated to his Account, that may be invested in any one or more funds and the limitations based upon amounts, percentages, time, or frequency, if any, on such investments in various funds;
(c) the procedures for making investment elections and changing existing investment elections;
(d) the period of notice required for making investment elections and changing existing investment elections;
(e) the handling of income and change of value in funds when funds are in the process of being transferred between investment funds and to investment funds; and
(f) all other matters necessary to permit the orderly operation of investment funds within the Plan. When the Committee changes any previous applicable rule, it shall state the effective time of the change and the procedures for complying with any such change. Any change shall remain effective until such date as stated in the change, or if none is stated, then until revoked or changed in a like manner.
Election Procedures Established. 10.02 ARTICLE XI - ADOPTION OF PLAN BY OTHER EMPLOYERS
Election Procedures Established. 8.02 ARTICLE IX - VOTING OF SPONSOR STOCK AND TENDER OFFERS
Election Procedures Established. The Committee shall, from time to time, establish rules to be applied in a nondiscriminatory manner as to all matters relating to the administration of the investment of funds including, but not limited to, the following:
(a) the percentage of a Participant's or former Participant's Account as it exists, from time to time, that may be transferred from one fund to another and the limitations based on amounts, percentages, time, or frequency, if any, on such transfers;
(b) the percentage of a Participant's or former Participant's future contributions, when allocated to his Account, that may be invested in any one or more funds and the limitations based upon amounts, percentages, time, or frequency, if any, on such investments in various funds;
(c) the procedures for making investment elections and changing existing investment elections;
(d) the period of notice required for making investment elections and changing existing investment elections;
(e) the handling of income and change of value in funds when funds are in the process of being transferred between investment funds and to investment funds; and
(f) all other matters necessary to permit the orderly operation of investment funds within the Plan. When the Committee changes any previous applicable rule, it shall state the effective time of the change and the procedures for complying with any such change. Any change shall remain effective until such date as stated in the change, or if none is stated, then until revoked or changed in a like manner. X-1
Election Procedures Established. 10.02 ARTICLE XI - INVESTMENTS IN COMPANY STOCK Voting of Company Stock .......................................... 11.01 Tender Offers .................................................... 11.02 -iii- Shares Credited .................................................. 11.03 Conversion ....................................................... 11.04 Authority to Invest in Company Stock ............................. 11.05 ARTICLE XII - ADOPTION OF PLAN BY OTHER EMPLOYERS