Special Election Sample Clauses

A Special Election clause allows parties to make a specific choice or designation regarding certain rights, obligations, or procedures within a contract. This clause typically outlines the process by which a party can exercise an option, such as selecting a governing law, appointing an arbitrator, or choosing a method of dispute resolution. By providing a formal mechanism for making these selections, the clause ensures clarity and prevents disputes over how and when such choices can be made, thereby streamlining contract administration and reducing uncertainty.
Special Election. If one or more vacancies should occur during a term by reason of death, disability, resignation or removal, the Trustees shall, within sixty days of any vacancy, promptly hold a separate special election to elect each successor Trustee to complete the remainder of a term. Only those Voting Trust Certificates with respect to which votes were cast in favor of the Trustee who has died, become disabled, resigned or been removed may be cast with respect to the election of the successor Trustee. If the Trustee who has died, become disabled, resigned or been removed is a Trustee as of the effective date of this amendment and restatement, only those Voting Trust Certificates deposited by or otherwise held hereunder for such Trustee, either in his or her personal or fiduciary capacity, may be cast with respect to the election of the successor Trustee, including any such Voting Trust Certificates then held by a Permitted Transferee who, even after the application of Section 4.3, is entitled to vote hereunder. The identification of those Voting Trust Certificates shall be made by the Trustees as they may reasonably determine.
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Special Election. The Company shall elect on its federal income tax return for its first Fiscal Year to use the safe harbor method of accounting for track structure expenditures provided in Rev. Proc. 2002-65 and follow such safe harbor method of accounting until the Members unanimously agree otherwise.
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Special Election. In connection with the possible ---------------- occurrence of an event described in Section 5.08(a)(i) or (ii) and in lieu of the possible prepayment of the outstanding Notes in accordance with Section 5.08(a) and Section 2.7(a)(ix) of the Indenture, Lessee may elect to deliver an irrevocable written notice to Owner Trustee and Indenture Trustee at least 20 days prior to the first issuance of any Series B Notes to the effect that Lessee will cause to be delivered an Instruction Certificate with respect to each Series of Series B Notes to be issued stating that such Series of Notes will include, in addition to other terms that may be described therein, a term providing for the prepayment of such Notes, in whole but not in part, with Premium Amount, or in lieu thereof an election to effect an Exchange of the Notes pursuant to Section 2.13 of the Indenture.
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Special Election. A provision of the Plan included in this Article which supersedes the general presumptions set forth in Code Section 401(a)(9) and the treasury regulations thereunder. To the extent that this Article does not include any provisions for Special Elections, the default provisions of Code Section 401(a)(9), as set forth below shall apply.
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Special Election. ▇▇▇▇▇▇▇▇ further agrees to assume all responsibility for the selection of the annuity carrier(s) indicated below for the purposes of this agreement. It is mutually understood that this agreement supersedes and replaces any prior agreements(s).
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Special Election. 63 Contents - p. 3 Page ---- ARTICLE VI General Indemnity -----------------
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Special Election. In the event that the Secretary of HHS determines that it is in the best interest of the OPTN, the Secretary of HHS may hold a special election of all OPTN Board of Directors. The OPTN Board of Directors will be elected by OPTN members. INVEST shall abide by the terms and results of such special election and ensure an orderly and efficient transition to any new OPTN Board of Directors.
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Special Election. The parties agree that with respect to the contributed real estate assets owned directly or indirectly by Contributors through limited liability companies or joint ventures, at the election of the Contributors, AIOP will either (1) use the remedial method as set out in Treasury Regulation Section 1.704-3(d) for partnership allocation purposes, or (2) use the traditional method as set out in Treasury Regulation Section 1.704-3(b) for partnership allocation purposes and allow the Contributors to guarantee AIOP debt and/or elect to undertake an obligation to restore deficit capital accounts in an amount that is sufficient to allocate an amount of either recourse debt or partner nonrecourse debt ( as defined in Treasury Regulation Section 1.704-2(b)(4)) that equals or exceeds such partners tax basis deficit capital accounts. If the contributors elect to use the remedial method as described above, the parties agree that AIOP will maintain nonrecourse debt on the contributed properties in an amount not less than the current amount of that certain loan from GE Financial Assurance Corporation dated December 21, 1998 in the original amount of $2,654,000 secured by the Sunlake Mobile Home Park, as adjusted in the future by scheduled principal payments called for in such loan. To the extent that any of the contributed real estate is sold or otherwise disposed of by AIOP in a taxable transaction other than a non-taxable like-kind exchange of property pursuant to IRC Section 1031 within five years of the date of this agreement, the Contributors' shall have the right, but not the obligation, for their OP Units to have the same characteristics as other OP Units with respect to all items of income, gain, loss, deduction and distributions other than the following: the Contributors' OP Units will receive a special allocation of depreciation and other deductions in the year of such sale and each year thereafter as necessary until the cumulative amount of such depreciation and other deductions equals the amount of gain on the taxable sale of contributed property allocated to the Contributors pursuant to IRC Section 704 (c). In no event will such special allocation be made in a year in which, after considering such special allocation, Asset Investors Corporation fails to make distributions (as defined pursuant to IRC Sections 561 and 857 (b)(2)(B)) in an amount at least equal to its taxable income for such year (as defined pursuant to IRC Section 857 (b)(2)). If the above spec...
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Special Election. I This election may be made only for the year you separate from service with your employer. Under Special Election I, the maximum amount of contributions that may be made to your 403(b) plan for that year will be the lesser of: (1) $30,000; or (2) your exclusion allowance limitation for the year, using the "official calculation" from Worksheet #1, taking into account, however, only your years of service and the prior contributions by your employer on your behalf during the 10-YEAR PERIOD PRECEDING YOUR SEPARATION FROM SERVICE.
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Related to Special Election

  • 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.

  • 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.

  • 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.

  • Special Eligibility The following employees also receive an Employer Contribution:

  • Special Enrollment a. KFHPWA will allow special enrollment for persons: 1) Who initially declined enrollment when otherwise eligible because such persons had other health care coverage and have had such other coverage terminated due to one of the following events: • Cessation of employer contributions. • Exhaustion of COBRA continuation coverage. • Loss of eligibility, except for loss of eligibility for cause. 2) Who initially declined enrollment when otherwise eligible because such persons had other health care coverage and who have had such other coverage exhausted because such person reached a lifetime maximum limit. KFHPWA or the Group may require confirmation that when initially offered coverage such persons submitted a written statement declining because of other coverage. Application for coverage must be made within 31 days of the termination of previous coverage. b. KFHPWA will allow special enrollment for individuals who are eligible to be a Subscriber and their Dependents (other than for nonpayment or fraud) in the event one of the following occurs: 1) Divorce or Legal Separation. Application for coverage must be made within 60 days of the divorce/separation. 2) Cessation of Dependent status (reaches maximum age). Application for coverage must be made within 30 days of the cessation of Dependent status. 3) Death of an employee under whose coverage they were a Dependent. Application for coverage must be made within 30 days of the death of an employee. 4) Termination or reduction in the number of hours worked. Application for coverage must be made within 30 days of the termination or reduction in number of hours worked. 5) Leaving the service area of a former plan. Application for coverage must be made within 30 days of leaving the service area of a former plan. 6) Discontinuation of a former plan. Application for coverage must be made within 30 days of the discontinuation of a former plan. c. KFHPWA will allow special enrollment for individuals who are eligible to be a Subscriber and their Dependents in the event one of the following occurs: 1) Marriage. Application for coverage must be made within 31 days of the date of marriage. 2) Birth. Application for coverage for the Subscriber and Dependents other than the newborn child must be made within 60 days of the date of birth. 3) Adoption or placement for adoption. Application for coverage for the Subscriber and Dependents other than the adopted child must be made within 60 days of the adoption or placement for adoption. 4) Eligibility for premium assistance from Medicaid or a state Children’s Health Insurance Program (CHIP), provided such person is otherwise eligible for coverage under this EOC. The request for special enrollment must be made within 60 days of eligibility for such premium assistance. 5) Coverage under a Medicaid or CHIP plan is terminated as a result of loss of eligibility for such coverage. Application for coverage must be made within 60 days of the date of termination under Medicaid or CHIP. 6) Applicable federal or state law or regulation otherwise provides for special enrollment.