Common use of The Election Clause in Contracts

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability on the Chargeable Event is hereby transferred to the Employee. The Employee understands that, by signing or electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the SSCBA.

Appears in 7 contracts

Sources: Global Restricted Stock Unit Agreement (Rimini Street, Inc.), Global Restricted Stock Unit Agreement (Rimini Street, Inc.), Global Restricted Stock Unit Issuance Agreement

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability that arises on the Chargeable Event Relevant Employment Income is hereby transferred to the Employee. The Employee understands that, by signing or electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the SSCBA.

Appears in 4 contracts

Sources: Performance Restricted Stock Unit Agreement (Analog Devices Inc), Performance Restricted Stock Unit Agreement (Analog Devices Inc), Performance Restricted Stock Unit Agreement (Analog Devices Inc)

The Election. The Employee Participant and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability on the Chargeable Event is hereby transferred to the EmployeeParticipant. The Employee Participant understands that, by signing or electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the SSCBA.

Appears in 4 contracts

Sources: Restricted Stock Unit Agreement (Ambarella Inc), Stock Option Agreement (Ambarella Inc), Stock Option Agreement (Ambarella Inc)

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability on the Chargeable Event is hereby transferred to the Employee. The Employee understands that, that by signing or electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the to SSCBA.

Appears in 1 contract

Sources: Global Option Agreement (Akcea Therapeutics, Inc.)

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability that arises on the Chargeable Event any Relevant Employment Income is hereby transferred to the Employee. The Employee understands that, by electronically accepting the Award or by separately signing or electronically accepting this Election, as applicable, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of to the SSCBA.

Appears in 1 contract

Sources: Global Performance Unit Agreement (CrowdStrike Holdings, Inc.)

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability on the Chargeable Event is hereby transferred to the Employee. The Employee understands that, by signing or electronically accepting this Election, he he, she or she they will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the to SSCBA.

Appears in 1 contract

Sources: Global Restricted Stock Unit Agreement (Box Inc)

The Election. The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability that arises on the Chargeable Event any Relevant Employment Income is hereby transferred to the Employee. The Employee understands that, by signing or electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the SSCBA.

Appears in 1 contract

Sources: Global Restricted Stock Unit Award Agreement (Eventbrite, Inc.)

The Election. 2.1 The Employee and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability that arises on the Chargeable Event any Relevant Employment Income is hereby transferred to the Employee. The Employee understands that, by signing or electronically accepting or signing this ElectionElection or by accepting the Awards (including via electronic acceptance process), he or she will become personally liable for the Employer’s Liability covered by this Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1 of the SSCBA.

Appears in 1 contract

Sources: Global Restricted Stock Unit Award Agreement (Splunk Inc)