Timing of Election Clause Samples
The "Timing of Election" clause defines when a party must make a specific choice or exercise a right under the contract. Typically, this clause sets a clear deadline or period within which the election must be communicated, such as notifying the other party within 30 days of a triggering event. By establishing a defined timeframe, the clause ensures that both parties are aware of their obligations and can plan accordingly, thereby preventing disputes or uncertainty about whether and when a right has been exercised.
Timing of Election. The election to defer the delivery of any Plan Shares must be made no later than the last day of the calendar year preceding the calendar year in which the Recipient would otherwise have an unrestricted right to receive such Shares. Deferrals of eligible Plan Shares shall only be allowed for Plan Share Awards for which all applicable restrictions lapse while the Recipient is in active service with the Corporation or one of the Subsidiary Companies. Any election to defer the proceeds from an eligible Plan Share Award shall be irrevocable as long as the Recipient remains an Employee or a Non-Employee Director.
Timing of Election. In order for this Election Form to be timely and effective, the completed and signed Election Form must be received by the stock plan administration department in the Company’s office in Houston (1) during an “Open Window” pursuant to the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy that is (2) no earlier than ninety (90) days and no later than thirty (30) days (the “Election Deadline”) prior to the Vesting Date identified in Part I above.
Timing of Election. The Sponsor shall make the elections under this Section within two years of the date of the damage or destruction of the Project.
Timing of Election. Executive may elect, to any period of service for which compensation is payable, to defer a different Deferred Amount which will be payable for the subsequent period(s) of service.
Timing of Election. The election to defer the delivery of any Plan Shares must be made no later than the last day of the calendar year preceding the calendar year in which the Recipient would otherwise have an unrestricted right to receive such Shares (or by such earlier date as may be required by Section 409A of the Code). Deferrals of eligible Plan Shares shall only be allowed for Plan Share Awards for which all applicable restrictions lapse while the Recipient is in active service with the Corporation or one of the Subsidiary Companies. Any election to defer the proceeds from an eligible Plan Share Award shall be irrevocable as long as the Recipient remains an Employee or a Non-Employee Director. In the event receipt of any Plan Shares are deferred pursuant hereto, any distribution from the deferred compensation plans or arrangements established hereby with respect to such deferred Plan Shares shall be only in shares of Common Stock.
Timing of Election. A Participant may elect during the Annual Enrollment Period (or such other time as permitted by the Company in compliance with Code Section 409A), that the sub-account(s) established for the following Plan Year (or portion thereof) or established for a particular equity award be paid at one or more specified dates (as permitted by the Company) prior to the Participant’s Separation from Service. If the Participant Separates from Service prior to the date so specified, then the Participant’s Account will be paid (or payments will commence under Section 8.2, if applicable) upon such Separation from Service in accordance with Section 8.1. All elections must be made in accordance with the procedures (including any deadlines) established by the Company. A Participant’s election to have the Participant’s sub-account(s) paid at one or more specified dates shall be effective only for the calendar year to which the election relates, and shall not carry over from year to year, unless the election form specifies otherwise.
Timing of Election. Such tax withholding election shall be ------------------ made before the date on which the amount of tax to be withheld is determined by the Corporation, and such election shall be irrevocable.
Timing of Election. Within forty-five (45) days from the date of the execution of this Agreement, the Union shall notify the AAA and the Employer, simultaneously, in writing of its decision to proceed to an election, and present the requisite authorization cards to the AAA. An election shall be conducted by the AAA within twenty-five (25) days of the date of such notice.
Timing of Election. A Nonemployee Director's election pursuant to Section 10.1 must be made no later than the 30th calendar day (or such other day as the Board may prescribe) prior to the end of the calendar quarter to which the election applies in accordance with the procedures established by the Board. Once an election is made with respect to a particular calendar quarter, it may not be withdrawn or substituted unless the Board determines, in its sole discretion, that the withdrawal or substitution is occasioned by an extraordinary or unanticipated event.
Timing of Election. A Participant may elect, prior to the first day of a Plan Year, that the sub-account(s) established for the following Plan Year be paid at one or more specified dates (as permitted by the Company) prior to the Participant’s Separation from Service. If the Participant Separates from Service prior to the date so specified, then the Participant’s Account will be paid upon such Separation from Service in accordance with Section 8.1, and if applicable, Section 8.2. All elections must be made in accordance with the procedures (including any deadlines) established by the Company. A Participant’s election to have the Participant’s sub-account(s) paid at one or more specified dates shall be effective only for the calendar year to which the election relates, and shall not carry over from year to year, unless the election form specifies otherwise.