Examples of Current Year Election in a sentence
Some people will hail the selection publicly; some may raise doubts.
In addition, an individual who, by reason of promotion, job change, approval for EBP participation, or salary increase, meets the requirements to be an Eligible Employee, shall be eligible to make a Current Year Election, if (i) such promotion, job change, approval for EBP participation, or salary increase occurs prior to December 1, and (ii) such individual is so designated as eligible to make a Current Year Election by the Chief Executive Officer of the Company or his designee.
Current Year Election shall mean an irrevocable Deferral Election made --------------------- within 30 days after an individual's date of hire, promotion, job change, approval for EBP participation or salary increase which is applicable to deferrable items of Compensation that are payable after such Deferral Election is made, but in the same Plan Year in which such Deferral Election is made.
Henri Lambert proffered significant advice to Colonel House in this context.
Individuals who are eligible to make a Current Year Election pursuant to Section 4.1(b) by reason of promotion, job change, approval for EBP participation or Salary increase shall be eligible to make such Current Year Election with respect to salary and Commissions only, while individuals who are eligible to make a Current Year Election pursuant to Section 4.1(b) by reason of being newly hired shall be eligible to make such Current Year Election with respect to all deferrable items of Compensation.
In addition, an individual who, by reason of promotion, job change, approval for EBP participation, or salary increase, meets the requirements to be an Eligible Employee after the Eligibility Date for a particular Plan Year, but before December 1, shall be eligible to make a Current Year Election if he or she is so designated by the Chief Executive Officer of the Company or his designee.
Individuals who are eligible to make a Current Year Election under Section 4.1(b) may defer base salary only under such Current Year Election, and shall not be eligible to defer Corporate Bonuses, Commissions, Performance Bonuses or Sales Bonuses under such Current Year Election.
An individual who is eligible to make a Current Year Election pursuant to Section 4.1(b) by reason of being newly-hired shall be eligible to make such Current Year Election with respect to all deferrable items of Compensation, and such Current Year Election shall be made within 30 days after the individual's date of hire.
Data changes pursuant to verification are reflected in this and other relevant sections of the staff report.
Notwithstanding the foregoing, an individual who meets the requirements to be an Eligible Employee on the first day of the calendar month following his or her date of hire shall be eligible to make a Current Year Election, if his or her date of hire is prior to November 1.