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 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;
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Option Election has the meaning set forth in Section 7.04(b).
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Examples of Option Election in a sentence

  • In the event Tenant elects to exercise a Prepayment Option, Tenant shall deliver to Landlord during the applicable Exercise Period irrevocable written notice of such election (the “Prepayment Option Election Notice”) in substantially the applicable form attached to this Lease at Part 1 of Exhibit H (Forms of Election Notices).

  • Following delivery of a Prepayment Option Election Notice, in accordance with Section 3.1 Tenant shall pay the applicable Prepayment Amount to Landlord on the first day of the first Lease Year of the Extension Term to be prepaid.

  • The Company give notice of termination/layoff in accordance with Article Company will to employees all information received on Option Election Forms.

  • Date of Valuation means the end of a Business Day, normally 4:00 p.m. Eastern Time, that a Participant initiates an investment option election, withdrawal, transfer of assets, settlement upon termination of employment, or loan, and such date shall be the Effective Date of Investment Option Election, Effective Date of Withdrawal, Effective Date of Transfer of Assets, Effective Date of Termination, or Effective Date of Loan, whichever applies.

  • Once an employee makes his/her election, it shall remain in effect each year annually thereafter, unless the employee specifically changes the election by submitting a completed Holiday Option Election Change Form to the DOC Payroll Unit on or before June 1, for the fiscal year that begins on July 1.

  • If Merck timely exercises an Option, then Merck shall, within [***] of the Option Election Date, pay to Codexis the sum of [***] for the Option elected and Codexis will promptly disclose to Merck any and all Option Improvements subject to such Option and such Option Improvements shall be deemed licensed to Merck under Section 3.5.6. 3.5.4 [***] Exercise of Option.

  • By: Signature EXHIBIT A KEY EMPLOYEE PHANTOM STOCK AGREEMENT Payment Option Election Part 1.

  • Starting the first anniversary of the First Option Election Date, Tenant shall pay (a) Four Million Dollars ($4,000,000) to the City for deposit in an account dedicated to “Improvements to Existing Facilities” in the 10th City Council District, with first priority given to park land and open space, otherwise for other public purposes (“ITEF Funds”), and (b) Five Hundred Thousand Dollars to the Landlord.

  • If after delivering the Expansion Option Election Notice Landlord informs Tenant by notice to Tenant that a Material Event of Default exists, Tenant shall have the right during the thirty (30) day period following its receipt of such notice to cure the Material Event of Default.

  • Subject to the other terms and conditions of this Section 4.1, beginning on the delivery of possession of a Phase in response to an Expansion Option Election Notice, and continuing for the remainder of the Term of this Lease, Tenant shall pay and discharge or cause to be paid and discharged all Impositions, if any, before delinquency and before any fine, interest or penalty shall be assessed by reason of its nonpayment.


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.
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Option Election has the meaning ascribed to it in Section 3.02(b).
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Option Election. As defined in Section 6.14. Option Payments. As defined in Section 6.14.
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Option Election has the meaning ascribed to such term in the Plan of Arrangement;
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Option Election means the election by a Director to receive Options in lieu of Meeting Fees as set forth in Section 5(d) hereof.
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Option Election has the meaning ascribed thereto in Section 1.2 (a).
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Related to Option Election

  • 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.

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

  • 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.

  • 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.

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

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

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

  • Extension Election has the meaning set forth in Section 2.16(c).

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

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Payment Election means an election pursuant to Section 5.1.

  • Early Opt-in Election means the occurrence of:

  • Special election means an election held as authorized by Section 20A-1-203.

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

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

  • Deferral Agreement means an irrevocable agreement entered into between a Nonemployee Director and the Company to authorize the Company to reduce the amount of the Nonemployee Director’s Annual Retainer and credit the amount of such reduction to the Plan consistent with the requirements of Section 409A of the Code. A Deferral Agreement shall contain such provisions, consistent with the provisions of the Plan, as may be established from time to time by the Company or the Board, including without limitation:

  • Deferral Notice has the meaning set forth in Section 3(i) hereof.

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

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Enrollment Date means the first day of each Offering Period.