Deemed Election. A Participant who fails to make an election required by section 4.2 will be deemed to have made an election under paragraph 4.2 a). Part 5 - Fringe Benefits
Deemed Election. If Management Company shall fail to elect either of the alternatives set forth herein above within said thirty (30) day period, the same shall be conclusively deemed to constitute an election and consent under Article 14.2(b) above, and the provisions thereof shall prevail as if Management Company had consented thereto in writing.
Deemed Election. The Administrator may establish a procedure pursuant to which an Eligible Employee is deemed to have elected to reduce his Compensation by a specified percentage to provide for Elective Contributions unless the Eligible Employee elects on the Appropriate Form not to make such contributions. Any such deemed election shall be treated, for purposes of the Plan, as an election by the Eligible Employee properly made pursuant to Section 3.1.1.
Deemed Election. If Lessee or any assignee thereof (to the extent permitted under the Participation Agreement) under any provision comparable to this SECTION 33 contained in any lease with Lessor then in effect is unable to satisfy one or more of the conditions set forth in SECTION 33.1(B) hereof, or such comparable provision, as the case may be, or fails to elect either (i), (ii) or (iii) under SECTION 33.1(A) hereof, or such comparable provision, as the case may be, Lessee shall be deemed to have elected to proceed under SECTION 33.1(A)(I) hereof, in which case Lessee shall purchase the Premises pursuant and in accordance with said SECTION 33.1(A)(I).
Deemed Election. Effective January 1, 2008, a Section 401(k) Member who has not affirmatively entered into a Contribution Agreement as above provided may be deemed to have entered into such an Agreement in accordance with and subject to the auto-enrollment provisions Article XVII.
Deemed Election. Subject to Section 7-2, Section 7-3, Section 7-4 and Section 7-5 below, to the extent an Eligible Employee has not made an affirmative election regarding the distribution of his or her Defined Contributions for a given Plan Year, pursuant to Section 4-2(a) above, the Eligible Employee shall be deemed to have designated the time of payment as the later of:
(1) Separation From Service, and
(2) the attainment of age fifty-five (55).
Deemed Election. Unless the General Manager is satisfied that the account was submitted in error, if a physician or designated practitioner who has notified the General Manager under subsection (2) subsequently submits an account directly to the Plan for the performance of insured services rendered to an insured person, he or she shall be deemed to have notified the General Manager under subsection (4) that he or she intends to submit his or her accounts directly to the Plan, except in respect of any prescribed accounts or classes of accounts, and subject to any prescribed circumstances or conditions. 2004, c. 5, s. 11 (6).
Deemed Election. For the purposes hereof, a holder of record of RR Common Shares who does not submit a letter of transmittal which is received by the Depositary prior to the Election Deadline (as hereinafter defined) shall be deemed to have made an election to receive Amalco Common Shares upon the Amalgamation (except with respect to Dissenting Shares).
Deemed Election. Failure by the Lessee to deliver a Remarketing Notice or Purchase Notice on or prior to the date occurring three hundred and sixty-four (364) days prior to the Maturity Date shall be deemed to be an election by the Lessee, without further act thereby, of the Purchase Option described in Section 18.1(a) hereof, with such purchase to be consummated on the Lease Termination Date.
Deemed Election. If the Lessee fails to commence Drilling Operations under Subclause 7.1(a) or surrender the applicable portion of the Leased Lands under Subclause 7.1(b) within the Offset Election Period, then the Lessee is deemed to have elected to pay a compensatory royalty under Subclause 7.1(c).
