ONE-TIME CASH OUT ELECTION Sample Clauses

ONE-TIME CASH OUT ELECTION. Notwithstanding the terms of the Plan, Participant may elect to receive a lump sum payment of all or a portion of the Participant's vested benefits under the Plan accrued as of the effective date (and not the record date) of the Reorganization Date; provided that (i) such election must be made in writing on a form provided by the Plan administrative committee and (ii) such election form must be submitted to the administrative committee no later than [_____________, 2000]. Any such election may be withdrawn or amended at any time prior to [______________, 2000] but shall be binding upon the Participant and irrevocable after such date. Such lump-sum payment shall be made to the Participant as soon as reasonably feasible after the Reorganization Date.
Sample 1
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ONE-TIME CASH OUT ELECTION. Notwithstanding the terms of the Plan, Participant may elect to receive a lump sum payment of all or a portion of the Participant's vested benefits under the Plan accrued as of the effective date (and not the record date) of the distribution by DWI to its shareholders of the stock of Delta Apparel and Duck Head (the "Reorganization Date"); provided that (i) such election must be made in writing on a form provided by the Plan administrative committee and (ii) such election form must be submitted to the administrative committee no later than [___________________, 2000]. Any such election may be withdrawn or amended at any time prior to [___________________, 2000] but shall be binding upon the Participant and irrevocable after such date. Such lump-sum payment shall be made to the Participant as soon as reasonably feasible after the Reorganization Date.
Sample 1
ONE-TIME CASH OUT ELECTION. Notwithstanding the terms of the Plan, Participant may elect to receive a lump sum payment of all or a portion of the Participant's vested benefits under the Plan accrued as of the Reorganization Date; provided that (i) such election must be made in writing on a form provided by the Plan administrative committee and (ii) such election form must be submitted to the administrative committee no later than June 12, 2000. Such lump-sum payment shall be made to the Participant as soon as reasonably feasible after the Reorganization Date.
Sample 1

Related to ONE-TIME CASH OUT ELECTION

  • Type; Interest Elections (a) Each Borrowing shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any LIBO Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing.

  • Interest Election Notice To make an election pursuant to this Section, Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent not later than the time that a Borrowing Request would be required under Section 2.03 if Borrower were requesting a Revolving Borrowing or Term Borrowing of the Type resulting from such election to be made on the effective date of such election. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

  • Cash Election (a) In lieu of exercising the Option, by notice, Parent may require such Stockholder to make a cash payment to Parent in the amount (the "Cash Payment Amount") equal to the amount by which (A) the Market Price (as defined below) exceeds (B) the Per Share Cash Amount, multiplied by the sum of (i) the number of such Stockholder's Shares and (ii) the number of such Stockholder's New Shares. Upon receipt of such notice, the Stockholder shall be permitted to sell a sufficient number of Shares to pay the Cash Payment Amount, if Stockholder shall, within five business days of such notice, sell such Shares, provided that Stockholder shall use reasonable best efforts to achieve good execution and shall consult with Parent with respect to the manner of disposition. The term "

  • Information in Interest Election Requests Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

  • Settlement Method Election Date The third Scheduled Trading Day immediately preceding the First Expiration Date.

  • Interest Elections (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Revolving Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

  • Interest Election Requests To make an election pursuant to this Section 2.04, the Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in substantially the form of Exhibit C and signed by the Borrower.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • Election Deadline A Form of Election must be received by the Exchange Agent by the close of business on the third business day prior to the Effective Time (the "Election Deadline") in order to be effective. All elections will be irrevocable.

  • Effect of Failure to Deliver Timely Interest Election Request and Events of Default on Interest Election If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing: (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective) and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

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