Initial Election definition
Examples of Initial Election in a sentence
My "Distribution Election Form" means my Initial Election Form or Change in Election Form, as applicable, on which I have elected the form and timing of distributions that are to be made after my Separation from Service.
Any duly completed Letter of Transmittal and Election Form deposited by the Election Deadline on the Initial Election Date shall not be required to be re-deposited if the date by which Letters of Transmittal and Election Forms must be received is extended pursuant hereto.
Any such Initial Election shall only apply to compensation earned and payable for services rendered after the effective date of the Election.
The Initial Election Date, as extended and published pursuant to the terms hereof, shall be the “Election Date”.
For the avoidance of doubt, this waiver applies only to the Initial Election and this Letter Agreement does not waive the irrevocability of any future Quarterly Distribution election made by the LP.