Default Election. In the event that a Participant does not make an initial election to direct investments, his (1) Account balance, (2) share of future allocations of Company contributions (3) share of future forfeitures, and (4) future After-tax Savings and Section 401(k) Contributions, shall be invested in the Fund(s) determined in the sole discretion of the Committee until an election is made pursuant to this Article.
Default Election. (a) Each Market Participant that is a Scheduling Coordinator, a CRR Holder, a CRR Entity Agreement shall only make a single Default Election.
(i) Option 1: For such Market Participants that choose Default Election option 1, the methodology for allocating payment default amounts set forth in Section 11.29.17.2.1 will apply to each SCID of such Market Participant on an SCID-by-SCID basis, and each SCID of such Market Participant will be a Default-Invoiced SCID.
(ii) Option 2: In order to qualify for Default Election option 2, all of the SCIDs of a Market Participant with one or more effective contracts with the CAISO must certify that they meet one of the following criteria, and the entity must agree that the methodology for allocating payment default amounts set forth in Section 11.29.17.2.1 will apply to all SCIDs created for use under all of the effective contracts with the CAISO based on a consolidation of data for all such SCIDs:
(1) All of the SCIDs are associated with Affiliates or business units under common control where one or more of the Affiliates or business units or a related business entity has more than fifty
Default Election. X Note: The Plan Sponsor must enclose proof of any Participating Affiliate’s tax-exempt status under Section 501(c)(3) of the Internal Revenue Code.
Default Election. The default election under the Plan is that, once an Employee is hired, the Employer will commence making Employer Contributions to the Plan on behalf of such Employee on the date he or she becomes an Eligible Employee. In lieu of the default election, the Plan Sponsor may elect that Employer Contributions will commence based upon an attained age as follows: OPTIONAL ELECTION: (check if elected): The Plan Sponsor elects that, once an Employee is hired, the Employer will commence making Employer Contributions to the Plan on behalf of such Employee on the later of the date he or she becomes an Eligible Employee and attains age
Default Election. The default election under the Plan is that the Employer will cease making Employer Contributions to a Participant’s Employer-Contribution Account as of the date the Participant ceases to be employed by the Employer. In lieu of the default election, the Plan Sponsor may elect that the Employer will cease making Employer Contributions at a different time as follows: OPTIONAL ELECTION: The Plan Sponsor elects that (if elected, check only one): The Employer will cease making Employer Contributions to a Participant’s Employer-Contribution Account as of the date when the Employer has made Employer Contributions to the Participant’s Employer-Contribution Account for
Default Election. The default election under the Plan is that the Employer will not make Employer Contributions to the Plan on behalf of any Participant who for the Payroll Period is on an unpaid Authorized Leave of Absence. In lieu of the default election, the Plan Sponsor may elect that the Employer will make such contributions as follows: OPTIONAL ELECTION: (check if elected): The Plan Sponsor elects that the Employer will make Employer Contributions to the Plan on behalf of any Participant who for the Payroll Period is on an unpaid Authorized Leave of Absence.
Default Election. The default election under the Plan is that the amount of after-tax payroll deductions is determined as a percentage of W-2 wages on an after-tax basis (“Compensation”), based on the Participant’s election in specific multiples of one percent (1%). In lieu of the default election, the Plan Sponsor may elect to permit after- tax payroll deductions to be made as follows: OPTIONAL ELECTION: (if elected, check only one): The Plan Sponsor elects the default election but limits the percentage of Compensation to % (enter a whole number) of Compensation. The Plan Sponsor elects to limit the method for Participants to make after-tax payroll deductions to specific whole dollar amounts (e.g., $50 per payroll period).
Default Election. The default election under the Plan is that a Participant shall not have to satisfy any requirements to avoid forfeiture of his or her Employer- Contribution Account upon ceasing employment with the Employer. Note: This preserves the Participant’s Employer-Contribution Account to be used for Reimbursement Benefits even if he or she fails to qualify for Health Insurance Coverage under the Plan. In lieu of the default election, the Plan Sponsor may elect to subject each Participant’s Employer-Contribution Account to the following: OPTIONAL ELECTION: The Plan Sponsor elects that (check if elected): A Participant who has satisfied the standard for “Retirement Eligibility” (see Section VII of the Adoption Agreement below) will avoid forfeiture of his or her Employer-Contribution Account upon cessation of employment. If a Participant has not satisfied the standard for Retirement Eligibility, the Participant will avoid forfeiture of his or her Employer- Contribution Account upon cessation of employment with the Employer only if he or she has performed at least
Default Election. The default election under the Plan is that a Participant who is employed by the Employer meets the requirements for Retirement Eligibility under the Plan upon attaining:
Default Election. The default election is that the Plan Sponsor shall not pay any portion of the Participant account fee.
