Change of Election Clause Samples
The Change of Election clause allows a party to alter a previously made choice or selection under the terms of an agreement. In practice, this could involve switching between different contractual options, such as methods of payment, delivery schedules, or dispute resolution mechanisms, provided certain conditions or notice requirements are met. This clause ensures flexibility within the contract, enabling parties to adapt to changing circumstances or preferences while maintaining clear procedures for making such changes.
Change of Election. I hereby acknowledge that I may not change the date of the distribution as elected above unless I do so at least twelve months prior to the date the first distribution is due under the election above and at least twelve months prior to the date my new election is scheduled to take effect. I also acknowledge that if I change my distribution date elected above, the first date I may receive any distribution with respect to Shares covered by this election is not earlier than five years after the date payment would otherwise have been made pursuant to the election above. Such change must be timely filed in writing with the Company’s stock option administrator. The Company shall have sole discretion to revise the terms of this election or any change, or the procedures with respect to making this election or any change, to the extent the Company deems it helpful or appropriate to comply with applicable law.
Change of Election. At any time following an election to physically compensate Seller towards its AB 32 Carbon Dioxide Costs, Buyer may elect to financially compensate Seller upon sixty (60) days’ Notice, in which case the provisions relating to financial compensation towards AB 32 Carbon Dioxide Costs in Section 9.3(a)(i) shall apply and Buyer shall no longer be obligated to directly transfer Compliance Instruments pursuant to this Section 9.3.
Change of Election. Any Participant (or the Participant's Beneficiary ------------------- if the Participant has died) who has made an election to defer distribution or to receive an installment distribution (whether or not such installment payments have commenced) under Subsections 9(b)(i) or (ii) above, may subsequently elect to have the entire amount then credited to the Participant's Plan Benefit account distributed immediately in a lump sum or elect to have installment payments commence in a year earlier than the year originally elected. Any other type of change in a Participant's or Beneficiary's deferral election, including without limitation, the earlier distribution of part of the amount credited to a Participant's Plan Benefit account, a change from lump sum payments to installment payments or the postponement of a distribution or the commencement of installment payments, may be made only with the approval of UDLP.
Change of Election. As noted in the Offer to Exchange, you may select individual option grants to be tendered for exchange. You do not have to tender all your option grants, but for each individual grant you do choose to tender, you must tender the entire outstanding, unexercised portion, as well as any other options issued after November 26, 2002 (the six-month period prior to the commencement of the Offer) regardless of their exercise price. You may change your mind about which individual option grants you would like to tender for exchange at any time before the Expiration Date. If the Company extends the Offer beyond that time, you may change your election regarding particular option grants you tendered at any time until the extended expiration of the Offer. To change your election regarding any particular individual option grants you previously tendered while continuing to elect to participate in the Offer, you must deliver a signed and dated new Election Form, with the required information and Personnel Option Status report on which you have indicated the options you wish to tender for exchange, following the procedures described in these Instructions. Upon the receipt of such a new, properly filled out, signed and dated Election Form, any previously submitted Election Form will be disregarded and will be considered replaced in full by the new Election Form. The Company will not accept any alternative, conditional or contingent tenders. Although it is our intent to send you a confirmation of receipt of this Election Form, by signing this Election Form (or a facsimile of it), you waive any right to receive any notice of the receipt of the tender of your options, except as provided for in the Offer to Exchange. Any confirmation of receipt sent to you will merely be a notification that we have received your Election Form and does not mean that your options have been canceled. Your options that are accepted for exchange will not be canceled until after 9:00 p.m. Pacific Time on June 24, 2003, or a later date if we extend the Offer.
Change of Election. Following an election by Executive Officer to have an Amount Deferred, he or she at any time during the Deferral Period may choose to discontinue all (but not less than all) Amounts Deferred with respect to Compensation due to him or her during subsequent calendar quarters of the Deferral Period. Such election shall be made on such form as the Company may prescribe and shall become effective as of the first day of the calendar quarter following receipt of such form by the Company.
Change of Election. 23 (g) Foreign Transfers............................................... 23 SECTION 10 CLAIM PROCEDURE....................................................... 25 (a) Application for Benefits........................................ 25 (b) Denial of Applications.......................................... 25 Page ii UDLP YORK PLAN -------------- TABLE OF CONTENTS ----------------- (Continued) -----------
Change of Election. As to each of my Eligible Options identified below, I hereby make the election indicated below on the line corresponding to that Eligible Option to accept or reject the Offer as to that Eligible Option. (Complete the table and check the applicable box(es) for each option or share appreciation rights award subject to this Notice of Change of Election. Refer to the table of your Eligible Options included in Section A of your personalized Election Form and Release Agreement for the date of grant, exercise price and other information on your Eligible Options. You only need to list an Eligible Option if you want to change your election as to that Eligible Option. If you do not want to change your existing election as to a particular Eligible Option, you do not need to list that Eligible Option in the table below, and your existing election will continue to apply. As to each Eligible Option, we will rely on the last valid election that we receive from you before the Offer deadline): ¨ Accept ¨ Reject ¨ Accept ¨ Reject ¨ Accept ¨ Reject ¨ Accept ¨ Reject As to any Eligible Option not identified above (including as to any Eligible Option identified above as to which I have not indicated an election above to accept or reject the Offer), I hereby confirm my prior election (to accept or reject the Offer, as the case may be) as to that Eligible Option as set forth on my initial Election Form and as modified by any Notice of Change of Election form(s) I have signed and completed and which have been received by Lionsgate. If Lionsgate receives no valid election from me prior to the Offer deadline as to a particular Eligible Option, I will be deemed to have rejected the Offer as to that Eligible Option. * Please note that stock options and share appreciation rights awards that have an exercise price that is less than the closing price of the applicable class of our common shares on the date the Offer expires will not be exchanged. Please see the Offer Circular for additional information. ** To the extent that any of your Eligible Options is subject to performance-based vesting requirements as of April 9, 2020, the number of shares shown in the table is subject to adjustment in accordance with the terms of the Eligible Option based on Lionsgate’s determination of performance for the applicable performance period.
Change of Election. Following an election by Executive Officer to have an Amount Deferred hereunder, he or she may not alter that election.
Change of Election. My employer and I agree that I hereby apply for a change of elections. I UNDERSTAND THAT I CANNOT CHANGE MY ELECTION UNLESS I EXPERIENCE A CHANGE IN MY STATUS.
Change of Election. 27 (g) Foreign Transfers.............................. 27 SECTION 10