Option Election definition

Option Election means a written election made in accordance with the provisions of Section 6 to receive payment of the Non-Employee Director’s Annual Retainer in the form of Options in lieu of cash.

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Option Election has the meaning ascribed to it in Section 3.02(b).

Option Election. As defined in Section 6.14. Option Payments. As defined in Section 6.14.

Examples of Option Election in a sentence

If a Pre-selected Death Benefit Option Election is not made by the Owner prior to the Owner's death, the Beneficiary may request that the death benefit be paid under any of the death benefit options described in this Contract, or other death benefit option, as agreed upon by the Company at the time of request.
If this Pre-selected Death Benefit Option Election is in force at the time of the Owner's death, the payment of the death benefit may not be postponed, nor can the Contract be continued under any provisions of this Contract.
If such election is made, notice of such election shall be mailed in accordance with the terms of the applicable Tranche of Dual Currency Notes within two Business Days of the Option Election Date and shall state (i) the first date, whether an Interest Payment Date and/or Stated Maturity, on which scheduled payments in the Optional Payment Currency will be made and (ii) the Designated Exchange Rate.
Such option will be exercisable in whole but not in part on an "Option Election Date," which will be any one of the dates specified on the face hereof or in the pricing supplement attached hereto or delivered herewith.
The Executive's request may be made at any time during the period beginning with the giving of the notice of termination and ending three months after the Executive's employment terminates (the "Option Election Period").
Such option will be exercisable in whole but not in part on an Option Election Date, which will be any one of the dates specified on the face hereof or in an addendum hereto.
The H&Q Representative agrees to hold the Covered Securities until the earlier of (i) the sale and disbursement of such portion of the Covered Securities in accordance with the terms of this Agreement and (ii) the expiration of the Third Call Exercise Period (or if there is a Third Put Option Election Notice or Third Call Election Notice, then the closing under the Third Put Option or the Third Call Option, as the case may be).
As used herein, the "PUT PERIOD" shall mean the period of time commencing on the thirty-first (31st) day after the expiration of the Option Election Period and expiring at 6:00 p.m. pacific coast time on the thirtieth (30th) day thereafter.
Upon request made during the Option Election Period, the Company shall purchase all Company shares owned by the Executive immediately prior to the Date of Termination.
If a Pre-selected Death Benefit Option Election is in force at the time of the Owner's death, the payment of the death benefit may not be postponed, nor can the Contract be continued under any provisions of this Contract.

More Definitions of Option Election

Option Election shall refer to either a Rollover Election, an Option Cash Election, an Option Stock Election or an Option Mixed Election.

Option Election has the meaning set forth in Section 7.04(b).

Option Election means the election to be made by each holder of In-The-Money Moto Options pursuant to the Option Letter of Transmittal and Election Form to receive either (X) cash payment equaling the In-The-Money Amount for such In-The-Money Moto Options, or (Y) Converted Randgold Options for such In-The-Money Moto Options;

Option Election means the election by a Director to receive Options in lieu of Meeting Fees as set forth in Section 5(d) hereof.

Option Election has the meaning ascribed to such term in the Plan of Arrangement;

Option Election has the meaning ascribed thereto in Section 1.2 (a).