Election to Defer Payment Sample Clauses

Election to Defer Payment. Notwithstanding paragraph 3(a), at the discretion of the Committee and in accordance with the Plan, Code Section 409A and such rules established by the Committee, the Director may elect to further defer delivery of the proceeds due with respect to his or her vested Stock Units by properly completing and submitting a Stock Unit Deferral Election Form (the “Election Form”) to the Company in accordance with the directions on the Election Form and the procedures established by the Committee.
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Election to Defer Payment. Upon entering into this Agreement and for a period of fourteen (14) days following each anniversary of the date hereof (the "Election Period"), the Employee may, in writing, direct the Company that any amounts which become payable to the Employee pursuant to Paragraphs (a), (c) and (d), above, shall be paid to the Employee in three (3) equal annual installments, with the first of such installments to be paid not later than five (5) business days after the Date of Termination and successive installments paid on the next two (2) succeeding anniversaries of the Date of Termination or the next following business day if such date is not a business day (the "Deferred Payment Election"). A Deferred Payment election, once made, shall be irrevocable except during an Election Period.
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Election to Defer Payment. I hereby elect to have ___% (enter a whole percentage between 1% and 100%; if less than 100% the number of Shares deferred will be rounded up to the next whole share) of the Shares (and any related dividend equivalents, if any, to the extent specified in Section 3 of the Agreement) paid to me at the following time:
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Election to Defer Payment. (a) Subject to Section 3.3(b), the Grantee may irrevocably elect to defer payment of Restricted Share Units under Section 3.1 to either: (i) the date of the Grantee’s termination of employment; or (ii) a date specified by the Grantee. (b) The Grantee’s election under paragraph (a) above shall be made in such manner and at such time as required by the Company and in accordance with Section 409A of the Code (including Section 1.409A-(2)(a)(5) of the Treasury Regulations promulgated thereunder) and shall apply to all Restricted Share Units granted hereunder. If the Grantee elects to defer payment of Restricted Share Units to termination of employment and at that time the Grantee is a specified employee as determined under Section 1.409A-1(i) of the Treasury Regulations and any of the Company’s stock is publicly traded on an established securities market or otherwise at such time, then the payment of vested Restricted Share Units shall not be paid until the earlier of the Grantee’s death or the sixth month anniversary of Employee’s termination of employment (without interest for the delay in payment). (c) If the Grantee elects to defer payment to a specific date under paragraph (a) above and the Grantee should die prior to such specified date, then payment of the Grantee’s vested Restricted Share Units shall be paid within 30 days of the Grantee’s death, with the payment date determined by the Company in its sole discretion, to the Grantee’s designated beneficiary and if the Grantee has not designated a beneficiary then to the Grantee’s estate.
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Election to Defer Payment. If a Participant has separated from service with the Employer and all Affiliates and the nonforfeitable portion of the Participant's Account is (or at the time of any prior distribution was) more than $3500, the Participant may defer distribution of that nonforfeitable portion, but in no event beyond (1) Standard Option - the Participant's Required Beginning Date (as defined in section 11). 9.1 (e) (2) Alternative - if so specified in the Adoption Agreement, the later of the Participant's Normal Retirement Age or age 62. The failure of a Participant and his or her Spouse, if applicable, to consent to a distribution or make a written request to defer payment while a benefit is immediately distributable (within the meaning of section 9.3) shall be deemed to be an election to defer commencement of payment of any benefit under this section 9 until the benefit is no longer immediately distributable or, if section 9.1(e)(1) applies, until the Required Beginning Date. Nothing in this section 9.1(e) shall prevent the Plan Administrator from paying in the normal form a benefit which is not immediately distributable without regard to whether the Participant and his or her Spouse consent to such distribution, unless the Participant has requested a deferral pursuant to section 9.1(e)(2).
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Election to Defer Payment. The Participant shall have the right to elect a deferral of the timing of payment to be made with respect to the Participant’s RSUs. Any such election shall be made not later than the date hereof and shall be irrevocable when made. The terms of such deferral shall be in accordance with the elections of the Participant set forth on the “RSU Deferral Election Form” attached as Exhibit A to this Award Agreement. In the event that the RSUs become payable as a result of an accelerated vesting and payment date under Section 3 hereof, the terms thereof shall apply and the RSUs shall become payable in accordance therewith in lieu of any deferral payment election.
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Election to Defer Payment. (a) Subject to Section 3.3(b), the Grantee may irrevocably elect to defer payment of Common Stock under Section 3.1 to either: (i) the date of the Grantee’s termination of directorship; or (ii) a date specified by the Grantee, by completing an election form provided by the Company. Grantee shall also specify whether payment will be in a lump-sum or installments. (b) The Grantee’s election under paragraph (a) above shall be made in such manner and at such time as required by the Company and shall apply to all Restricted Stock Units granted hereunder and shall comply with all requirements under Section 409A of the Internal Revenue Code. A Grantee may elect to defer payment provided that the Grantee shall have delivered to the Company prior to December 31 of the calendar year preceding the calendar year in which such Restricted Stock Units are granted a notice in writing advising of the Grantee’s election to defer such payment of such Restricted Stock Units. Notwithstanding the preceding sentence, a Grantee may elect to defer payment, on or before the 30th day after the effective date of this Restricted Stock Unit Agreement, only with respect to those Restricted Stock Units which are scheduled to vest not less than 12 months from the date of making such election. The Grantee acknowledges that neither the Company nor the Committee makes any assurances as to the tax consequences of such election, nor that such election will not result in adverse tax consequences under Section 409A of the Internal Revenue Code, and the Grantee is encouraged to obtain independent tax advice. (c) If the Grantee elects to defer payment to a specific date and in a specified form under paragraph (a) above and the Grantee should die prior to such specified date, then payment of the Grantee’s vested Restricted Stock Units shall be paid in a lump-sum upon death to the Grantee’s designated beneficiary and if the Grantee has not designated a beneficiary then to the Grantee’s estate. (d) In the event that a Change in Control as defined in Section 13 of the Plan has occurred but does not constitute a change in control as defined in Section 409A of the Internal Revenue Code, then payment of the Restricted Stock Units in the instance of a change in control shall not occur in accordance with the deferral election of the Grantee so as to trigger the adverse tax consequences of Section 409A of the Internal Revenue Code. In such event, the Restricted Stock Units shall be converted into a dollar a...
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Election to Defer Payment. If a Participant has separated from service with the Employer and all Affiliates and the nonforfeitable portion of the Participant's Account is (or at the time of any prior distribution was) more than $3500, the Participant may defer distribution of that nonforfeitable portion, but in no event beyond
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Election to Defer Payment. I hereby elect to have % (enter a whole percentage between 1% and 100%; if less than 100% the number of Shares deferred will be rounded up to the next whole share) of the Shares (and any related dividend equivalents, if any, to the extent specified in Section 3 of the Agreement) paid to me at the following time: On [the earli[er][est] of]: o ____________ ______, 20___) [[or][,] o The first day of January following my separation from service with the Company’s Board of Directors [or] o The date of the occurrence of a “change in ownership or effective control” (as defined under Section 409A of the Internal Revenue Code) of the Company. Participant: ACKNOWLEDGED Print Name: , for Chart Industries, Inc. Date:
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Related to Election to Defer Payment

  • Section 83(b) Election Purchaser understands that Section 83(a) of the Code, taxes as ordinary income the difference between the amount paid for the Stock and the fair market value of the Stock as of the date any restrictions on the Stock lapse. In this context, "restriction" includes the right of the Company to buy back the Stock pursuant to the Repurchase Option set forth in Section 2(a) above. Purchaser understands that Purchaser may elect to be taxed at the time the Stock is purchased, rather than when and as the Repurchase Option expires, by filing an election under Section 83(b) of the Code (an "83(b) Election") with the Internal Revenue Service in the form attached hereto as Exhibit C within thirty (30) days from the date the Stock is purchased. Even if the fair market value of the Stock at the time of the execution of this Agreement equals the amount paid for the Stock, the 83(b) Election must be made to avoid income under Section 83(a) of the Code in the future. Purchaser understands that failure to file such an 83(b) Election in a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of such 83(b) Election is required to be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser acknowledges and understands that it is solely Purchaser's obligation and responsibility to timely file such 83(b) Election, and neither the Company nor the Company's legal or financial advisors shall have any obligation or responsibility with respect to such filing. Purchaser acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the Stock hereunder and does not purport to be complete. Purchaser further acknowledges that the Company has directed Purchaser to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside, and the tax consequences of Purchaser's death. Purchaser assumes all responsibility for filing an 83(b) Election and paying all taxes resulting from such election or the lapse of the restrictions on the Stock.

  • Election to Purchase (To Be Executed Upon Exercise of Warrant)

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • 83(b) Election You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable withholding taxes.

  • FORM OF ELECTION TO PURCHASE (To be executed if the registered holder desires to exercise Rights represented by the Rights Certificate.) To: THE WARNACO GROUP, INC. The undersigned hereby irrevocably elects to exercise ______ Rights represented by this Rights Certificate to purchase the Units of Preferred Stock issuable upon the exercise of the Rights (or such other securities of the Company or of any other person or other property that may be issuable upon the exercise of the Rights) and requests that certificates for such Units be issued in the name of and delivered to: ---------------------------------------------------- (Please print name and address) ---------------------------------------------------- ---------------------------------------------------- Please insert social security or other identifying number: ----------------------- If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance of such Rights shall be registered in the name of and delivered to: ---------------------------------------------------- (Please print name and address) ---------------------------------------------------- ---------------------------------------------------- Please insert social security or other identifying number: ----------------------- Dated: , 200 ----- -- - ------------------------------------- Signature Signature Guaranteed:

  • Deferral Notwithstanding the foregoing, if the Company shall furnish to Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account. (2) Payment of the Settlement Amount shall be made by wire transfer. At least thirty (30) days prior to the Settlement Amount becoming due, Siskinds LLP will provide, in writing, the following information necessary to complete the wire transfers: name of bank, address of bank, ABA number, SWIFT number, name of beneficiary, beneficiary’s bank account number, beneficiary’s address, and bank contact details. (3) The Settlement Amount and other consideration to be provided in accordance with the terms of this Settlement Agreement shall be provided in full satisfaction of the Released Claims against the Releasees. (4) The Settlement Amount shall be all-inclusive of all amounts, including, without limitation, interest, costs, Class Counsel Fees and Class Counsel Disbursements. (5) The Releasees shall have no obligation to pay any amount in addition to the Settlement Amount, for any reason, pursuant to or in furtherance of this Settlement Agreement, the Proceedings, the Second Ontario Action, or any Other Actions. (6) Once a Claims Administrator has been appointed, Siskinds LLP shall transfer control of the Trust Account to the Claims Administrator. (7) Siskinds LLP and the Claims Administrator shall maintain the Trust Account as provided for in this Settlement Agreement. (8) Siskinds LLP and the Claims Administrator shall not pay out all or any part of the monies in the Trust Account, except in accordance with this Settlement Agreement, or in accordance with an order of the Courts obtained after notice to the Parties.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Section 336(e) Election If UTC determines, in its sole discretion, that one or more protective elections under Section 336(e) of the Code (each, a “Section 336(e) Election”) shall be made with respect to the Carrier Distribution, the Otis Distribution, and/or any of the Internal Distributions, the relevant SpinCo(s) shall (and shall cause any relevant member of such SpinCo Group(s) to) join with UTC and/or any relevant member of the UTC Group, as applicable, in the making of any such election and shall take any action reasonably requested by UTC or that is otherwise necessary to give effect to any such election (including making any other related election). If a Section 336(e) Election is made with respect to the Carrier Distribution, the Otis Distribution, and/or any of the Internal Distributions, then this Agreement shall be amended in such a manner as is determined by UTC in good faith to take into account such Section 336(e) Election(s), including by requiring that, in the event (a) any Contribution, Distribution, or Internal Distribution fails to have U.S. Tax-Free Status and (b) a Company (or such Company’s Group) that does not have exclusive responsibility pursuant to this Agreement for Tax-Related Losses arising from such failure actually realizes in cash a Tax Benefit from the step-up in Tax basis resulting from the relevant Section 336(e) Election(s), such Company shall pay over to the Company that has exclusive responsibility pursuant to this Agreement for such Tax-Related Losses any such Tax Benefits realized (provided, that, if such Tax-Related Losses are Shared Taxes or Taxes for which more than one Company is liable under Section 7.05(c)(i), the Company that actually realizes in cash the Tax Benefit resulting from the relevant Section 336(e) Election shall pay over to each of the other Companies responsible for such Taxes the percentage of any such Tax Benefits realized that corresponds to each such Company’s percentage share of such Taxes).

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

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