An election Sample Clauses

An "election" clause defines the process by which a party chooses between two or more options provided under a contract. Typically, this clause outlines the method and timing for making such a choice, such as notifying the other party in writing within a specified period. For example, a party may elect to renew a lease or select a particular remedy in the event of a breach. The core function of this clause is to ensure clarity and certainty in how and when contractual options are exercised, thereby reducing disputes and misunderstandings.
An election by Executive to terminate his employment under the provisions of this paragraph shall not be deemed a voluntary termination of employment of Executive for the purpose of interrupting the provisions of any of the Company's employee benefit plans, programs or policies.
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An election to dissolve the Partnership being made in writing upon the Approval of the Partners other than any Terminated Partner;
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An election by Employee to terminate his employment under the provisions of this Section 16.4 shall not be deemed a voluntary termination of employment of Employee for the purpose of interrupting the provisions of any of the Company's employee benefit plans, programs or policies.
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An election as to whether the Eligible Claimant wishes to participate in the Program; and if so elected, such information as is necessary to participate in the Program, including proof the Eligible Claimant is a United States Citizen or Resident, proof of a Qualifying Injury, and proof of use of a Recalled Device (which may include, among other things, information from Care Orchestrator, registrations as part of the Philips RS recall programs, and enrollments and claims submitted as part of the economic loss class action settlement); the Philips Defendants will reasonably cooperate with the Settlement Administrator and the PNC to make such data available as part of the Program.
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An election under clause 11.2 may be made at any time but cannot be reversed.
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Related to An election

  • 83(b) Election You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable withholding taxes.

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Written Election At the time you make a rollover or conversion to a ▇▇▇▇ ▇▇▇, you must designate in writing to the custodian your election to treat that contribution as a rollover or conversion. Once made, the election is irrevocable.

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

  • Section 83(b) Election The Grantee may make an election under Code Section 83(b) (a “Section 83(b) Election”) with respect to the Restricted Stock. Any such election must be made within thirty (30) days after the Grant Date. If the Grantee elects to make a Section 83(b) Election, the Grantee shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Service. The Grantee agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election.