Applicable Election definition

Applicable Election has the meaning set forth in Section 1(a).
Sample 1Sample 2Sample 3
Applicable Election has the meaning set forth in Section 2.1(c) hereof.
Sample 1

Examples of Applicable Election in a sentence

  • ApplicableNot ApplicableAnnex 1 - 9 Election AmendedPreservedLoss Election We agree that if we do not specify above whether the Annex 1 – 9 Election is “Applicable” or “Not Applicable” and/or whether the Loss Election is “Amended” or “Preserved”, we shall be deemed to check the Annex 1 – 9 Applicable Election and Loss Amended Election respectively.

  • In addition, the oligopolistic nature of the oil industry meant that there was limited competition between companies bidding for exploration and extraction rights.

  • A Participant may elect at any time during the Applicable Election Period to waive the Qualified Joint and Survivor Annuity form of benefit.

  • A Participant may elect at any time during the Applicable Election Period to waive the Qualified Preretirement Survivor Annuity form of benefit.

  • A Participant may revoke a waiver of the Qualified Preretirement Survivor Annuity or make a new waiver at any time during the Applicable Election Period.

  • ApplicableNot ApplicableAnnex 1 - 9 ElectionX AmendedPreservedLoss Election X We agree that if we do not specify above whether the Annex 1 – 9 Election is “Applicable” or “Not Applicable” and/or whether the Loss Election is “Amended” or “Preserved”, we shall be deemed to check the Annex 1 – 9 Applicable Election and Loss Amended Election respectively.

  • The Spouse's consent must be given in writing during the Applicable Election Period, must acknowledge the effect of the election and the consent, must be witnessed by a Plan representative or notary public, and is irrevocable.

  • Subject to Section 5.1.3, an Eligible Employee may elect to defer receipt of all or a portion (in whole percentages) of his or her short term bonus payable by the Company or an Affiliated Company on or after the Entry Date by executing an Election Form and filing it with the Administrator on or before the Applicable Election Date.

  • An Eligible Employee may elect to defer receipt of all or a portion (in whole percentages) of his or her base compensation payable by the Company or an Affiliated Company attributable to any payroll period beginning on or after the Entry Date by executing an Election Form and filing it with the Administrator on or before the Applicable Election Date.

  • A Participant’s Applicable Election Period shall commence no less than 30 days and no more than 180 days (90 days for Plan Years beginning prior to July 1, 2007) before his or her Annuity Starting Date.

Related to Applicable Election

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

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • 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.

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

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

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

  • 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.

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

  • Payment Election means an election pursuant to Section 5.1.

  • 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.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

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

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

  • Election Date has the meaning specified in Section 3.12(h).

  • Deferral 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 amount of the Deferrals.

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • 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.