Payment Election definition

Payment Election means an election pursuant to Section 5.1.

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Payment Election means the Election Agreement (or portion thereof) completed by a Participant and filed with the Company that indicates the time of the commencement of a payment and the form of a payment of that portion of the Participant’s Compensation that is deferred pursuant to a Deferral Election under the Plan.

Payment Election means the Election Agreement (or portion thereof) completed by a Participant and filed with the Committee in accordance with Article 9 hereof, that indicates the payment commencement date for Incentive Deferrals and the form of payment for Base Deferrals (including Company Matching Contributions) and Incentive Deferrals.

Examples of Payment Election in a sentence

• If a Holder elects to exercise such option, it shall provide the Trustee with a notice in the form of principal payment election notice set out in Schedule "A" or any other written notice in a form satisfactory to the Trustee specifying such election (the "Principal Payment Election") at least ten (10) days prior to any Monthly Instalment Date.

• The Common Shares issuable to the Holder pursuant to any Principal Payment Election shall be issued to the Holder on the applicable Monthly Instalment Date.

• The Trustee, on behalf of the Corporation, will pay to each Holder entitled to receive payment (that has not submitted a Principal Payment Election pursuant to Section 2.2(c) in respect of such Monthly Instalment), the Monthly Instalment.

• This notice represents a Principal Payment Election only in connection with the next applicable Monthly Instalment payable, and shall not serve as a standing election for any Monthly Instalments payable after such Monthly Instalment Date.

More Definitions of Payment Election

Payment Election means the instrument executed by a Participant which specifies the method of payment of compensation deferred.

Payment Election means a Participant’s election on the form provided by the Company of a Payment Commencement Date and the form in which payment shall be made in accordance with the procedures established by the Committee for such purpose.

Payment Election means a completed election made under subsection (c) pursuant to which a Participant has affirmatively elected to have his or her Cash Dividends paid to the Participant in cash outside the Plan.

Payment Election means a written election made in accordance with the provisions of Section 5 to select an Elected Payment Date with regard to an award of Restricted Stock Units or Stock-Based Awards.

Payment Election means the Election Agreement (or portion thereof) completed by a Participant and filed with the Committee that indicates the time of commencement of payment and form of payment of the Participant’s Fees that are or will be deferred pursuant to a Deferral Election under the Plan.

Payment Election shall have the meaning set forth in Section 3(a) hereof.

Payment Election means the elections made by a Participant for his Grandfathered Benefit and/or 409A Benefit, as applicable, under Section 5 or Section 7, as applicable.