Common use of Initial Election Clause in Contracts

Initial Election. After being notified by the Plan Administrator of eligibility for participation in the Plan, a Participant may make an initial deferral election under this Plan by delivering to the Plan Administrator a signed Election Form(s) and Beneficiary Designation Form within thirty (30) days. The Election Form(s) shall set forth the amount of Base Salary and Performance-Based Compensation and shall be effective to defer, subject to Section 2.1(b), only Base Salary and Performance-based Compensation earned for services performed after the date the Election Form(s) are received by the Plan Administrator.

Initial Election. After being notified by the Plan Administrator of eligibility for participation in the PlanAgreement, a Participant may make an initial deferral election under this Plan Agreement by delivering to the Plan Administrator a signed Election Form(s) and Beneficiary Designation Form within thirty (30) days. The Election Form(s) shall set forth the amount of Base Salary Salary, Bonus, and Performance-Based Compensation and shall be effective to defer, subject to Section 2.1(b), only Base Salary Salary, Bonus, and Performance-based Compensation earned for services performed after the date the Election Form(s) are received by the Plan Administrator.

Initial Election. After being notified by the Plan Administrator of eligibility becoming eligible for participation in the PlanAgreement, a Participant the Director may make an initial deferral election under this Plan Agreement by delivering to the Plan Administrator a signed Deferral Election Form(s) and Beneficiary Designation Form within thirty (30) daysdays of becoming eligible. The Deferral Election Form(s) shall set forth the amount of Base Salary and Performance-Based Compensation and Fees to be deferred as well the account into which such fees shall be effective to defercredited, subject to Section 2.1(b), only Base Salary and Performance-based Compensation earned for services performed after the date Interest Account or the Election Form(s) are received by the Plan Administrator.Stock