Initial Election Period definition

Initial Election Period means the 30-day period prior to the Effective Date of the Plan, or the 30-day period following the time an employee shall be designated by the Company as an Eligible Employee.
Initial Election Period means:
Initial Election Period for an Eligible Employee shall mean the later of: (a) the period beginning upon notification to the Participants of this Plan and ending December 31, 1999; or (b) the thirty-day period following the Eligible Employee’s date of hire or if later the date on which an individual becomes an Eligible Employee.

Examples of Initial Election Period in a sentence

  • You must agree to abide by the terms of the Program both during the Initial Election Period and during each Annual Election Period.

  • Elections other than Elections during the Initial Election Period.

  • The following is a summary of the Initial Election Period and the Annual Election Period.

  • The Annual Election Period The Cafeteria Plan also has an "Annual Election Period" during which you may enroll if you did not enroll during the Initial Election Period or change your elections for the next Plan Year.

  • Each Participant may elect to defer an amount of Compensation by filing an election with the Administrative Committee no later than the last day of his or her Initial Election Period.


More Definitions of Initial Election Period

Initial Election Period for an Eligible Employee shall mean the 30-day period following the date on which the Committee notifies an employee that he or she has been selected as an Eligible Employee.
Initial Election Period for an Eligible Employee shall mean (1) if the Employee is an Eligible Employee as of the Effective Date, then February 4, 2005, or (2) if the employee is not an Eligible Employee as of the Effective Date, the period ending 30 days after the date he or she is designated by the Committee, in its sole discretion, as an Eligible Employee.
Initial Election Period means the 30-day period immediately following the date an employee shall first be designated by the Company as an Eligible Employee for purposes of Article 2 of the Plan or any other account based plan established or maintained by the Company or any Affiliate that allows for the elective deferral of compensation, as determined under Treasury Regulations section 1.409A-1(c)(2)(i)(A).
Initial Election Period for an Eligible Employee shall mean the 30-day period prior to June 30, 1998, or the 30-day period following the time an employee shall be designated by the Company as an Eligible Employee.
Initial Election Period. ’ means, for each Eligible Employee, (i) if the Employee is an Eligible Employee under the Plan on or prior to December 31, 2015, or such earlier date as may be determined by the Committee, the period commencing on the Effective Date and ending on December 31, 2015, or such earlier date as may be determined by the Committee, or (ii) if the Employee is not an Eligible Employee under the Plan on or prior to December 31, 2015, or such earlier date as may be determined by the Committee, the period ending thirty (30) days after the date he or she first becomes an Eligible Employee (or, if earlier, the date that is thirty (30) days he or she first becomes eligible to participate in any other Company Account Plan). For purposes of this Plan, if an Eligible Employee cannot or otherwise does not make an Initial Deferral Election under this Plan by filing a valid Election Form with the Committee prior to the expiration of such thirty-day period, then such Eligible Employee shall only be permitted to make deferral elections under this Plan during Subsequent Election Periods (subject to remaining an Eligible Employee at such time(s)). For the avoidance of doubt, Election Forms filed during an Initial Election Period shall only apply to amounts earned after the date that such Election takes effect with respect to each of the following, as applicable: (X) any Compensation that does not constitute Performance-Based Compensation and, in each case, which are deferred under an Election made on or after the first day of the calendar year in which such amounts are earned, and (Y) any Bonus that does constitute Performance-Based Compensation which is deferred under an Election made on or after the last date that is at least six months prior to the end of the performance period in which such amounts are earned (June 30 for any calendar-year performance period).
Initial Election Period means the 30-day period commencing with the date an individual becomes an Eligible Employee, Director or Consultant.