Election by Participants Sample Clauses

Election by Participants. Subject to the terms and conditions of this Article XIV, each Participant shall have the right to direct that his (a) Account balance, (b) share of future allocations of Company contributions, (c) share of future forfeitures, and (d) future After-tax Savings and Section 401(k) Contributions, be invested, in specified multiples of one percent (1%), in any of the Funds maintained under the Plan, provided the Participant elects to do so. The Plan Administrator shall carry out the election in accordance with the provisions of this Article XIV. For the purposes of making elections under this Article XIV, the term “Participant” shall include a Beneficiary, and an Alternate Payee for whom a separate account has been established in accordance with Article XIII.
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Election by Participants. 2.01 On or before the Election Date for each Fiscal Year, the Investment Manager shall inform all Participants: (a) that they are eligible to be awarded an Allocation Award for such Fiscal Year; (b) if they are non-managing members of the Investment Manager, that each non-managing member is required to elect to defer, for a minimum period of two fiscal years following the Award Period, the lesser of (i) such non-managing member’s Incentive Percentage of the Incentive Fee owed to the Investment Manager for such Fiscal Year or (ii) 50% of such non-managing member’s Incentive Percentage of such Incentive Fee multiplied by the Vesting Percentage; (c) whether they may elect to defer receipt of all or a part of the portion of their Allocation Awards based on the Incentive Fee for such Fiscal Year (other than pursuant to the mandatory deferral specified in subsection 2.01(b) hereof) by an election made pursuant to this Plan; and (d) whether they may elect to defer receipt of all or a part of the portion of their Allocation Awards based on the Management Fees for the Fiscal Quarter during such Fiscal Year by an election made pursuant to this Plan. 2.02 If a Participant elects to defer receipt of all or a part of an Allocation Award for a particular Fiscal Year, the portion of any income allocation or distribution to which the Participant may be entitled for such Fiscal Year, and as to which such election has been made, shall be allocable only pursuant to such election, as provided in this Plan. 2.03 An election to defer receipt of all or a part of an Allocation Award for a particular Fiscal Year shall be made on or before the Election Date for such Fiscal Year by a written notice sent by the Participant to the Investment Manager. A separate election shall be made for the portion of an Allocation Award which is based on the Incentive Fee earned by the Investment Manager during the Fiscal Year and for the portion of an Allocation Award which is based on the Management Fees earned by the Investment Manager during the Fiscal Year. Except as provided herein, separate elections are to be made with respect to each Fiscal Year. An election (an “Original Election”) relating to an Allocation Award based on the Management Fees earned with respect to a Fiscal Quarter in a particular Fiscal Year will apply to such Allocation Award in its entirety, unless, prior to the first day of a particular Fiscal Quarter during such Fiscal Year, a Participant that is a member of the Invest...
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Related to Election by Participants

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Participation by Holders Each holder of Registrable Securities hereby agrees with each other such holder that no such holder may participate in any underwritten offering hereunder unless such holder (i) agrees to sell such holder's Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements.

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • Termination by City City reserves the right to terminate this Agreement at any time, with or without cause, upon written notice to Consultant. Upon receipt of any notice of termination from City, Consultant shall immediately cease all services hereunder except such as may be specifically approved in writing by City. Consultant shall be entitled to compensation for all services rendered prior to receipt of City's notice of termination and for any services authorized in writing by City thereafter. If termination is due to the failure of Consultant to fulfill its obligations under this Agreement, City may take over the work and prosecute the same to completion by contract or otherwise, and Consultant shall be liable to the extent that the total cost for completion of the services required hereunder, including costs incurred by City in retaining a replacement consultant and similar expenses, exceeds the Budget.

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination by Us We may terminate this Contract with 30 days’ written notice as follows: 1. For Non-payment of Premiums. Premiums are to be paid by the Subscriber to Us on each Premium due date. While each Premium is due by the due date, there is a grace period for each Premium payment. If the Premium payment is not received by the end of the grace period, coverage will terminate as follows: • If the Subscriber fails to pay the required Premium within a 30-day grace period, this Contract will terminate retroactively back to the last day Premiums were paid. The Subscriber will be responsible for paying any claims submitted during the grace period if this Contract terminates. 2. Fraud or Intentional Misrepresentation of Material Fact. If the Subscriber has performed an act that constitutes fraud or made an intentional misrepresentation of material fact in writing on his or her enrollment application, or in order to obtain coverage for a service, this Contract will terminate immediately upon a written notice to the Subscriber from Us. If termination is a result of the Subscriber’s action, coverage will terminate for the Subscriber and any Dependents. If termination is a result of the Dependent’s action, coverage will terminate for the Dependent. 3. If the Subscriber no longer lives, or resides in Our Service Area.

  • Sharing of Participant Information 20 7.4 REPORTING AND DISCLOSURE AND COMMUNICATIONS TO PARTICIPANTS..................................................20 7.5 NON-TERMINATION OF EMPLOYMENT; NO THIRD-PARTY BENEFICIARIES.................................................20 7.6

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