Revocation of Election Clause Samples
The Revocation of Election clause allows a party to withdraw or cancel a previously made choice or decision under the contract. Typically, this clause outlines the process and conditions under which an election—such as opting into a particular right, remedy, or course of action—can be reversed, often requiring written notice within a specified timeframe. Its core function is to provide flexibility and prevent parties from being irrevocably bound by an election if circumstances change, thereby reducing the risk of unintended consequences.
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Revocation of Election. The Estonian Competent Authority may revoke an election described in Paragraph 3.3.1.1 or 3.3.1.2 following consultation with, and written notice to, the U.S. Competent Authority.
Revocation of Election. A Participant may revoke an election, in whole or in part, any time prior to the Transfer Date. Thereafter, a revocation shall become effective as of the next ensuing Transfer Date occurring within a reasonable time (as determined under procedures specified by the Plan Administrator) after the Plan Administrator’s receipt of such revocation.
Revocation of Election. The Norwegian Competent Authority may revoke an election described in Paragraph 3.3.1.1 or 3.3.1.2 following consultation with, and written notice to, the U.S. Competent Authority.
Revocation of Election. The Slovak Competent Authority may revoke an election described in Paragraph 3.3.1.1 or 3.3.1.2 following consultation with, and written notice to, the U.S. Competent Authority.
Revocation of Election. The Serbian Competent Authority may revoke an election described in Paragraph 3.3.1.1 or 3.3.1.2 following consultation with, and written notice to, the U.S. Competent Authority.
Revocation of Election. (A) In general
Revocation of Election separate reserves
Revocation of Election. The United Kingdom Competent Authority may revoke an election described in Paragraph 3.3.1.1 or 3.3.1.2 following consultation with, and written notice to, the U.S. Competent Authority.
Revocation of Election. A Participant shall be permitted to revoke his salary reduction agreement (check one):
(1) Only as permitted under Section A.3.4(B).
(2) Upon 15 days' written notice to the Administrative Committee on the Appropriate Form. [ X ] (3) N/A.
Revocation of Election. An election may be revoked, but only by written notice received by the Exchange Agent prior to the Election Deadline. Any Certificate(s) representing Company Shares that have been submitted to the Exchange Agent in connection with an election shall be returned without charge to the holder thereof in the event such election is revoked as aforesaid and such holder requests in writing the return of such Certificate(s) or Book Entry Company Shares. Upon any such revocation, unless a duly completed Form of Election is thereafter submitted prior to the Election Deadline in accordance with Section 4.2(b)(ii) and Section 4.2(b)(iii), such Company Shares shall be Stock Election Shares. In the event that this Agreement is terminated in accordance with Article VIII and any Company Shares have been transmitted to the Exchange Agent pursuant to the provisions of this Agreement, such Company Shares shall promptly be returned without charge to the Person submitting the same.