Timing of Elections Sample Clauses

Timing of Elections. Any election pursuant to Paragraph 4(a) or 4(c) shall be in accordance with the Applicable Transition Relief.
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Timing of Elections. A Participant may elect during the Annual Enrollment Period (or such other time as permitted by the Company in compliance with Code Section 409A) that the sub-account(s) established for the applicable Plan Year (or portion thereof) or established with respect to a particular equity award deferral be paid in annual installments for a maximum of ten (10) years following the Participant’s Separation from Service instead of in a single sum distribution. A separate election may be made with respect to the Cash Account and Stock Account. Notwithstanding the foregoing, with respect to the first contribution to which a Participant becomes entitled under Section 5.1, the Participant may elect, within the first thirty (30) days of participation with respect to such contribution, to have the sub-account established under Section 5.1 for the first year of participation paid in annual installments for a maximum of ten (10) years instead of a single cash distribution. With respect to each sub-account established for each subsequent year, the installment election shall be made in accordance with the first paragraph of this subsection (a). All elections must be made in accordance with the procedures (including any deadlines) established by the Company. A Participant’s election to have the Participant’s sub-account(s) paid in installments shall be effective only for the calendar year or equity award to which the election relates, and shall not carry over from year to year or from award to award, unless the election form specifies otherwise.
Sample 1
Timing of Elections. In any case where an employee can elect a cash payment in lieu of Company payments to the Welfare Trust Fund, the employee’s election must be made under, and in compliance with, a cafeteria plan under Section 125 of the Internal Revenue Code, as amended (Code). The provisions of 16.1 to this Article shall be interpreted and applied in a manner that complies with Section 125 of the Code.
Sample 1
Timing of Elections. The regular election of councillors is held on the first Thursday in May every four years. The term of office for all councillors will start on the fourth day after being elected and will end on the fourth day after the date of the next regular election. The Mayoral election will be held on the same day as the regular election of councillors and the Mayor’s term of office will be four years, beginning and ending as the term of office for all councillors.
Sample 1
Timing of Elections. A Participant may elect, prior to the first day of a Plan Year, that the sub-account(s) established for the following Plan Year be paid in annual installments for a maximum of ten (10) years following the Participant’s Separation from Service instead of in a single sum cash distribution. 4845-5029-2290.8 Notwithstanding the foregoing, with respect to the first contribution to which a Participant becomes entitled under Section 5.1, the Participant may elect, within the first thirty (30) days of participation with respect to such contribution, to have the sub-account established under Section 5.1 for the first year of participation paid in annual installments for a maximum of ten (10) years instead of a single cash distribution. With respect to each sub-account established for each subsequent year, the installment election shall be made in accordance with the first paragraph of this subsection (a). All elections must be made in accordance with the procedures (including any deadlines) established by the Company. A Participant’s election to have the Participant’s sub-account(s) paid in installments shall be effective only for the calendar year to which the election relates, and shall not carry over from year to year, unless the election form specifies otherwise.
Sample 1
Timing of Elections. The Legislative, Presidential, and the Palestinian National Council elections will be conducted at the same time exactly one year after the signing of the Palestinian National Reconciliation Agreement. Page 2, B. Functions of the Government:
Sample 1
Timing of Elections. If a Director is a Participant as of the Effective Date, such Director’s election or deemed election in effect as of the Effective Date under the Company’s prior equity compensation plan shall remain in effect under the Program. Each Director who is not a Participant as of the Effective Date must submit a Stock Distribution Election Form not later than 30 days after the date on which such Director first becomes eligible to participate in the Program. If a Director does not submit a Stock Distribution Election Form during this period, then such Director shall be deemed to have elected to receive his or her Account balance in the form of a lump sum payable upon the Director’s Separation from Service.
Sample 1
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Related to Timing of Elections

  • Section 83(b) Election Purchaser understands that Section 83(a) of the Code, taxes as ordinary income the difference between the amount paid for the Stock and the fair market value of the Stock as of the date any restrictions on the Stock lapse. In this context, "restriction" includes the right of the Company to buy back the Stock pursuant to the Repurchase Option set forth in Section 2(a) above. Purchaser understands that Purchaser may elect to be taxed at the time the Stock is purchased, rather than when and as the Repurchase Option expires, by filing an election under Section 83(b) of the Code (an "83(b) Election") with the Internal Revenue Service in the form attached hereto as Exhibit C within thirty (30) days from the date the Stock is purchased. Even if the fair market value of the Stock at the time of the execution of this Agreement equals the amount paid for the Stock, the 83(b) Election must be made to avoid income under Section 83(a) of the Code in the future. Purchaser understands that failure to file such an 83(b) Election in a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of such 83(b) Election is required to be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser acknowledges and understands that it is solely Purchaser's obligation and responsibility to timely file such 83(b) Election, and neither the Company nor the Company's legal or financial advisors shall have any obligation or responsibility with respect to such filing. Purchaser acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the Stock hereunder and does not purport to be complete. Purchaser further acknowledges that the Company has directed Purchaser to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside, and the tax consequences of Purchaser's death. Purchaser assumes all responsibility for filing an 83(b) Election and paying all taxes resulting from such election or the lapse of the restrictions on the Stock.

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Section 338 Election No election under Section 338 has been made by or with respect to any of the Acquired Corporations or any of their respective assets or properties within the last three taxable years.

  • Section 754 Election In the event of a distribution of the Fund's property to a Member or an assignment or other transfer (including by reason of death) of Units of a Member in the Fund, at the request of a Member, the Board, in its sole and absolute discretion, may cause the Fund to elect, pursuant to Section 754 of the Code, or the corresponding provision of subsequent law, to adjust the basis of the Fund's property as provided by Sections 734 and 743 of the Code.

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