Lump Sum Election definition

Lump Sum Election means an election to receive all or portion of the benefits payable hereunder in a lump sum pursuant to Section 3.4 hereof.
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Lump Sum Election means the timely and legally binding election by a Solicited Electing Life to receive a Lump-Sum Payment in accordance with the Lump-Sum Solicitation and the applicable Plan provisions.
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Lump Sum Election means the election by a Participant to ----------------- receive a lump sum payment of his Vested Accrued Benefit instead of a series of
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Examples of Lump Sum Election in a sentence

  • Upon the occurrence of a Default, Landlord, at its option, without further notice or demand to Tenant, shall have in addition to all other rights and remedies provided in this Lease, at law or in equity, the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and nonexclusive, without any notice or demand whatsoever (except as otherwise expressly provided in Section 21(c)(v) with respect to Landlord’s Lump Sum Election).

  • Neither a Deferred Payment Election nor a Lump Sum Election, once made, can be revoked except during an Election Period.

  • During the Election Period, the Executive may also elect to be paid the amount described in Section 6 in a lump sum (the "Lump Sum Election").

  • Notwithstanding the foregoing, however, no Deferred Payment Election or Lump Sum Election can be made or revoked by the Executive during an Election Period that occurs after a Change in Control or at a time when, in the judgment of the Corporation, a Change in Control may occur within sixty (60) days after such Election Period.

  • Amounts of Tenant’s Share of Operating Expenses and any other Additional Rent for any partial year at the beginning of the Term, for the month in which the Lump Sum Election is made, or at the end of what would have been the remainder of the Term shall be prorated.

  • Upon the occurrence of a Default, Landlord, at its option, without further notice or demand to Tenant, shall have in addition to all other rights and remedies provided in this Lease, at law or in equity, the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and nonexclusive, without any notice or demand whatsoever (except as otherwise expressly provided in Section 21fc)(v) with respect to Landlord’s Lump Sum Election).

  • The Special Fiduciary in its discretion may establish an Employee Contributions Lump Sum Election Window in one or more future years with provisions in accordance with this Section 3.05, but with the final year interest rate and election period determined by the Special Fiduciary at the applicable time or times taking into account circumstances at such time or times.

  • Upon the occurrence and during the continuance of a Default, Landlord, at its option, without further notice or demand to Tenant, shall have in addition to all other rights and remedies provided in this Lease, at law or in equity, the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and nonexclusive, without any notice or demand whatsoever (except as otherwise expressly provided in Section 21(c)(v) with respect to Landlord’s Lump Sum Election).

  • The Corporation shall pay the Lump Sum Present Value within ten business days of receiving the Lump Sum Election Notice or within ten (10) business days of the resolution of a dispute undertaken pursuant to Section 3.3(d) (or such other date as may be agreed upon by KRH).

  • The Employee Contributions Lump Sum Election Window is the period of time that commences on August 15, 2018, and ends on December 31, 2018.


More Definitions of Lump Sum Election

Lump Sum Election means the alternative for Class 7 Creditors under section 3.07 hereof to receive a single lump sum cash distribution instead of distributions of New Common Stock under the Plan.
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Related to Lump Sum Election

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Deferral Election Form means each form established from time to time by the Administrator that the Executive completes, signs and returns to the Administrator to designate the amount of Deferrals.