Common use of Election Procedure Clause in Contracts

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(i) and Section (e)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) (iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i) or Section 3(e)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior to their anticipated plant closing or layoff date. Local management shall give due regard to such request. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s 's continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(id)(1)(i) and Section (e)(1)(iid)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) 3 (iiid)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i3(d)(1)(i) or Section 3(e)(1)(ii3(d)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement Preferential Placement prior to their anticipated plant closing or layoff date. Local management shall give due regard to such request; provided, however, that employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume preferential placement and accept placement if their plant closing date has been exceeded by 12 months. If the vacated position must be filled, the Company may utilize temporary services after exhausting the recall list provided, however, no plant closing benefits attributable to the recall will be available. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(id)(1)(i) and Section (e)(1)(iid)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) 3 (iiid)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff). Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i3(d)(1)(i) or Section 3(e)(1)(ii3(d)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior to their anticipated plant closing or layoff date. Local management shall give due regard have unilateral discretion to grant such requesta request so long as such request shall not be unreasonably denied; provided that employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume preferential placement and accept placement if their plant closing date has been exceeded by 12 months. If the vacated position must be filled, the Company may utilize temporary services after exhausting the recall list provided, however, no plant closing benefits attributable to the recall will be available. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(i) and Section (e)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) 3 (iiie)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff). Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i) or Section 3(e)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior to their anticipated plant closing or layoff date. Local management shall give due regard have unilateral discretion to grant such requesta request so long as such request shall not be unreasonably denied; provided that employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume preferential placement and accept placement if their plant closing date has been exceeded by 12 months. If the vacated position must be filled, the Company may utilize temporary services after exhausting the recall list provided, however, no plant closing benefits attributable to the recall will be available. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s 's continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(id)(1)(i) and Section (e)(1)(iid)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) 3 (iiid)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i3(d)(1)(i) or Section 3(e)(1)(ii3(d)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement Preferential Placement prior to their anticipated plant closing or layoff date. Local management shall give due regard have unilateral discretion to grant such requesta request so long as such request shall not be unreasonably denied; provided, that employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume preferential placement and accept placement if their plant closing date has been exceeded by 12 months. If the vacated position must be filled, the Company may utilize temporary services after exhausting the recall list provided, however, no plant closing benefits attributable to the recall will be available. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s 's continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(id)(1)(i) and Section (e)(1)(iid)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on or their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) (iii3(d)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i3(d)(1)(i) or Section 3(e)(1)(ii3(d)(1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior Preferential Placement to their anticipated plant closing or layoff date. Local management shall give due regard to such request; provided, however, that employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume preferential placement and accept placement if their plant closing date has been exceeded by 12 months. If the vacated position must be filled, the Company may utilize temporary services after exhausting the recall list provided, however, no plant closing benefits attributable to the recall will be available. Locations can be added to the employee’s list to reach the twelve (12) limit, but no listed locations location can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement Each holder (or beneficial owner through appropriate and customary documentation and instructions) of outstanding BB Common Shares shall have the employee shall designate up right to twelve (12) domestic General Electric Company manufacturing plant, service shop or distribution center locations within submit a request specifying the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used number of BB Common Shares that such holder desires to have converted into shares of MINT Common Stock in the prior sentence shall be construed for Scheme and the sole purpose number of BB Common Shares that such holder desires to have converted into the right to receive Cash Consideration in the Scheme in accordance with the following procedure: (a) Subject to Section 2.12, each such holder of BB Common Shares may specify in a request made in accordance with the provisions of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect Section 2.11 (herein called an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(i) and Section (e)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: "Election") (i) on their designated termination date for plant closing, or the number of BB Common Shares owned by such holder that such holder desires to have converted into MINT Common Stock in the Scheme (a "Stock Election") and (ii) the number of BB Common Shares owned by such holder that such holder desires to have converted into the right to receive the Cash Consideration in the Scheme (a "Cash Election"). (b) An election form and other appropriate and customary transmittal materials in such form as VA and BB shall mutually agree (the "Election Form") or, as applicable, a form of Notice of Exercise (as defined in Section 2.14) shall be mailed thirty days prior to the anticipated Effective Time or on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1such other date as VA and BB shall mutually agree (the "Mailing Date") to each holder of record of BB Common Shares and each holder of BB Options not more than five Business Days prior to the Mailing Date. (c) Any Election shall have been made properly only if the Exchange Agent shall have received, by 5:00 p.m. local time in the city in which the principal office of such Exchange Agent is located, on the second Business Day prior to the anticipated Effective Time (or such other time and date as VA and BB shall mutually agree) (iiithe "Election Deadline"), an Election Form properly completed and signed and accompanied by certificates for the BB Common Shares to which such Election Form relates (or customary affidavits and indemnification regarding the loss or destruction of such certificate or certificates or by an appropriate guarantee of delivery of such certificates, as set forth in such Election Form, from a member of any registered national securities exchange or of the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States provided such certificates are in fact delivered to the Exchange Agent by the time required in such guarantee of delivery). Failure to deliver BB Common Shares covered by such a guarantee of delivery within the time set forth on such guarantee shall be deemed to invalidate any otherwise properly made Election. (d) Any holder of BB Common Shares may at any time prior to the Election Deadline revoke or change his or her Election by written notice received by the Exchange Agent prior to the Election Deadline accompanied by a properly completed and signed, revised Election Form or by withdrawal of his or her certificates for BB Common Shares, or of the guarantee of delivery of such certificates, previously deposited with the Exchange Agent. All Elections shall be revoked automatically if the Exchange Agent is notified in writing by VA or BB that this Agreement has been terminated. In the event an Election Form is revoked prior to the Election Deadline, the shares of BB Common Stock represented by such Election Form shall be promptly returned without charge to the person submitting the Election Form upon written request to that effect from the holder who submitted the Election Form. The Exchange Agent shall have made this reasonable discretion to determine whether any election, will revocation or change has been properly or timely made and to disregard immaterial defects in the Election Forms, and any good faith decisions of the Exchange Agent regarding such matters shall be placed on Preferential Placement binding and conclusive. The Exchange Agent shall be under no obligation to notify any person of any defect in an Election Form. (e) Within two Business Days after three (3) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i) or Section 3(e)(1)(ii) above may requestthe Election Deadline, following unless the conclusion of decision bargainingEffective Time has not yet occurred, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement which case within one Business Day prior to their anticipated plant closing the Effective Time, VA shall cause the Exchange Agent to effect the allocation among the holders of BB Common Stock and BB Options of rights to receive MINT Common Stock, Cash Consideration or layoff date. Local management shall give due regard to such request. Locations can be added to cash (in respect of a Cashout Election) in the employee’s list to reach the twelve (12) limit, but no listed locations can be eliminated Scheme in accordance with Sections 2.12 and replaced or substituted for (even if closed)2.14.

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve ten (1210) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(i) and Section (e)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) 3 (iiie)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3six(6) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant purs uant to Section 3(e)(1)(i) or Section 3(e)(1)(ii3(e) (1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior to their anticipated plant closing or layoff date. Local management shall give due regard to such request. Locations can be added to the employee’s list to reach the twelve ten (1210) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).

Election Procedure. To elect Preferential Placement the employee shall designate up to twelve ten (1210) domestic General Electric Company manufacturing plant, service shop or distribution center locations within the four-year eligibility period on forms provided exclusively by the Company. Effective January 1, 2004, the term “locations” used in the prior sentence shall be construed for the sole purpose of this paragraph to include like locations maintained by GE affiliates participating in the GE Job and Income Security Plan for Hourly Employees and the GE Job and Income Security Plan for Nonexempt Employees. This election will not affect an individual’s continuity of service. Individuals otherwise eligible for Preferential Placement pursuant to Section (e)(1)(i) and Section (e)(1)(ii) above, and who have made this election, will be placed in Preferential Placement status either: (i) on their designated termination date for plant closing, or (ii) on their layoff date. Individuals eligible for Preferential Placement under Section 3(e)(1) (iii3(e)(1)(iii) and who have made this election, will be placed on Preferential Placement after three (3six(6) months on protected service due to layoff. Individuals otherwise eligible for Preferential Placement pursuant to Section 3(e)(1)(i) or Section 3(e)(1)(ii3(e) (1)(ii) above may request, following the conclusion of decision bargaining, that their plant closing or layoff date be advanced in order to assume Preferential Placement and accept placement prior to their anticipated plant closing or layoff date. Local management shall give due regard to such request. Locations can be added to the employee’s list to reach the twelve ten (1210) limit, but no listed locations can be eliminated and replaced or substituted for (even if closed).