Election of Form of Payment. If as a result of the prorations and apportionments set forth in Section 12.01, the Transferor Partners owe an amount to the BRI Partnership, the Transferor Partnership shall have the right to elect on behalf of the Transferor Partners to adjust for such amounts owing by the Transferor Partners to the BRI Partnership in the form of BRI Partnership Units rather than cash. In addition, if as a result of the prorations and apportionments set forth in Section 12.01, the BRI Partnership owes an amount to the Transferor Partners, such amount shall be paid in the form of BRI Partnership Units rather than cash. The Transferor Agent shall have the right to elect to adjust for amounts owing to the Transferor Partners or the BRI Partnership, as the case may be, in the form of cash and/or BRI Partnership Units. The Transferor Agent shall notify the BRI Partnership at least seven (7) business days prior to the Closing Date of the manner in which the Transferor Partnership shall have elected to settle adjustments under Section 12.
Election of Form of Payment. Within 30 days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or in fully transferable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units in fully transferable shares of Stock.
Election of Form of Payment. The Director shall also specify on the Election Form whether payment of the Deferral Account shall be a single lump sum or installments. If installment payments are elected, the Director shall specify installments of 3, 5, 10, or 15 years and whether installments shall be paid monthly, quarterly, semi-annually, or annually. However, in no case may installments extend beyond 180 months after the date payments commence. All installments will be paid as an end-of-period payment rather than beginning-of-period payments. Failure to specify on the Election Form a form of payment shall constitute an election for a single lump-sum payment. If installment payments are elected but the Director fails to specify the duration of installment payments, the Director shall be deemed to have elected installments over three years. If installment payments are elected but the Director fails to specify the frequency of installment payments, the Director shall be deemed to have elected monthly installments.
Election of Form of Payment. The Director shall also specify on the Election Form whether payment of the Deferral Account shall be a single lump sum or installments. If installment payments are elected, the Deferral Account balance shall be paid to the Director in 120 equal monthly installments. Failure to specify on the Election Form a form of payment shall constitute an election for a single lump-sum payment.
Election of Form of Payment. If as a result of the prorations and apportionments set forth in Section 12.01, the Transferor Members owe an amount to the BRI Partnership, the Transferor Members shall have the right to elect to adjust for such amounts owing by the Transferor Members to the BRI Partnership in the form of BRI Partnership Units rather than
Election of Form of Payment. If, as a result of the prorations and apportionments set forth in Section 12.01 and the escrow required to be established under Section 11.04, the Transferor Partners owe an amount to the BRI Partnership or into escrow, the Transferor Partnership shall have the right to elect on behalf of the Transferor Partners to adjust for such amounts owing by the Transferor Partners to the BRI Partnership or the escrow in the form of BRI Partnership Units rather than cash. In addition, if as a result of the prorations and apportionments set forth in Section 12.01, the BRI Partnership owes an amount to the Transferor Partners, such amount shall be paid in the form of BRI Partnership Units rather than cash. The Transferor Agent shall have the right to elect to adjust for amounts owing to the Transferor Partners or the BRI Partnership, as the case may be, in the form of cash and/or BRI Partnership Units. The Transferor Agent shall notify the BRI Partnership at least seven (7) business days prior to the Closing Date of the manner in which the Transferor Partnership shall have elected to settle adjustments under Section 12.
Election of Form of Payment. No later than ___________, Employee must elect to receive payment for Employee’s vested Restricted Stock Units and Dividend Equivalents in (i) fully transferable shares of Stock, (ii) 50% in cash and 50% in fully transferrable shares of Stock or (iii) 100% in cash by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units and Dividend Equivalents in fully transferable shares of Stock.
Election of Form of Payment. I understand that payment of my benefits under the Plan may be subject to satisfaction of a vesting requirement and will be made at the time and in the form provided under the Plan. If my benefit is payable due to my Retirement or Termination of Employment, I hereby elect to receive such benefits under the Plan in the form of: ________a single lump sum paymentOR ________annual installments over a period of years [Note, cannot exceed 15 years].
Election of Form of Payment. The Executive must elect in this paragraph 3(c) the form of payment for receiving his/her Distributable Balance. The Executive may elect payment either in a lump sum or in an indicated number of quarterly installments (not to exceed 40) (choose one option). This determination must be made at the time of execution of this Agreement and will apply to the entire Distributable Balance.
Election of Form of Payment. If as a result of the prorations and apportionments set forth in Section 12.01, the Transferor Corporation owe an amount to the BRI Partnership, the Transferor Corporation shall have the right to elect to adjust for such amounts owing by the Transferor Corporation to the BRI Partnership in the form of BRI Partnership Units rather than cash. In addition, if as a result of the prorations and apportionments set forth in Section 12.01, the BRI Partnership owes an amount to the Transferor Corporation, such amount shall be paid in the form of BRI Partnership Units rather than cash. The Transferor Agent shall have the right to elect to adjust for amounts owing to the Transferor Corporation or the BRI Partnership, as the case may be, in the form of cash and/or BRI Partnership Units. The Transferor Agent shall notify the BRI Partnership at least seven (7) business days prior to the Closing Date of the manner in which the Transferor Corporation shall have elected to settle adjustments under Section 12.
