Sale Election definition

Sale Election has the meaning set forth in Section 4.5(c) hereof.
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Sale Election means an election by a Trust Beneficiary to have Trust Shares equal in number to its Interests withdrawn and sold, without the payment of commissions or other fees, through the Purchase and Sale Program in accordance with the Purchase and Sale Program Procedures and Section 5.3.
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Sale Election has the meaning assigned that term in Section 7.02(b)(ii).
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Examples of Sale Election in a sentence

  • Late Deemed Sale Election With Respect to a Former PFICEffect of ElectionPublicly traded corporations must use fair market value when determining PFIC statusThis is a deemed sale election under section 1298(b)(1) that is made with respect to ausing the asset test.A shareholder making this election is former PFIC after the time prescribed intreated as receiving a dividend of its pro rata Regulations section 1.1298-3(b)(3) hasWho May Make the ElectionLook-thru rule.

  • If the Stockholder fails timely to make an Election, it shall be deemed to have made a Stock Sale Election.

  • If the Stockholder initially elects the Stock Sale Procedure (the "Stock Sale Election"), it may not, at any time thereafter, make a Merger Election.

  • D Late Deemed Sale Election With Respect to a Section 1297(e) PFIC.

  • Either the Total Sales Price Method (31/3% (.0333) of the total sales price, boot, or installment sale payment) or the Optional Gain on Sale Election based on the applicable tax rate as applied to the gain on sale.

  • If any Permitted Holder does not make such election by such deadline, such Permitted Holder shall be deemed to have irrevocably made a Sale Election with respect to all of its outstanding shares of Series B-1 12.75% Preferred Stock.

  • Complete Part II, lines 1, 2, and 3, and Part IV.B Late Deemed Sale Election With Respect to a Former PFIC.

  • To make an election, a Member shall provide a written notice (each such notice, a “Interest Purchase Notice”) to the Company of such election within fifteen (15) Business Days after the date of the Interest Sale Notice (the “Interest Sale Election Period”), which notice shall include the number of New Securities that the Member desires to purchase.

  • The Company or the Company’s Subsidiary, as applicable, must consummate the sale of the New Securities to those recipients of the Interest Sale Notice who elect to purchase the New Securities within ten (10) Business Days after the expiration of the Interest Sale Election Period, unless the Company and the Member recipient mutually agree to a different schedule for closing.

  • If a Trust Beneficiary receives a distribution of Trust Shares, or Trust Shares are withdrawn pursuant to a Withdrawal Election, withdrawn and sold pursuant to a Sale Election or withdrawn pursuant to Section 5.7, 5.11 or 6.3(g), the Trust Beneficiary shall be treated for purposes of this Agreement and for all relevant tax purposes as having received the same Trust Shares as were deposited in the Trust for the benefit of the Trust Beneficiary.


More Definitions of Sale Election

Sale Election means: (a) for a registered shareholder of the Company, the delivery of the Letter of Transmittal and Election Form; and (b) for a beneficial shareholder of the Company, an electronic election made in the CDSX system;
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Sale Election means an election by a Selling Shareholder to have all (but not some) of the Holdco Shares to which the Selling Shareholder is entitled to under the Scheme sold by the Sale Agent through the Sale Facility, by lodging a “Sale Election Form” in accordance with the instructions on that form so that it is received by Sundance Share Registry before 5pm (Melbourne time) on the Scheme Record Date.
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Sale Election has the meaning set forth in Section 8.1(c).
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Sale Election shall have the meaning set forth in Section 10(b).
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Sale Election means an election made by an Employee who is a participant in the Share Plans or the Option Plan (as defined below) directing Seller or its Affiliates to sell the shares underlying an award granted pursuant to the Share Plans or Option Plan, as applicable.
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Related to Sale Election

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Primary election means any regular primary election held under the election

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Election Period shall have the meaning set forth in Section 14.3(a).

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Cash Election shall have the meaning set forth in Section 3.2.2.

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Early Opt-in Election means the occurrence of:

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Election Date has the meaning specified in Section 312(h).

  • Statewide popular election means a general election in which

  • Subsequent Election means a written election on a form provided by the Administrator, filed with the Administrator in accordance with Article 3, pursuant to which a Participant or Beneficiary may elect to defer the time of payment of amounts previously deferred in accordance with the terms of a previously made Initial Election or Subsequent Election.

  • Election means an election by a constituency, or by a class within a constituency, to fill a vacancy among one or more posts on the council of governors;