Opt-Out Election Sample Clauses

Opt-Out Election. An employee who has medical insurance coverage as a result of being an eligible dependent of another City employee, who has medical insurance coverage as an eligible dependent of a person employed elsewhere, or who otherwise has medical insurance coverage, may elect not to participate in the medical insurance plans offered by the City and may elect to receive $500 per month in lieu of the amount the City would otherwise contribute for medical insurance for the employee. To elect cash in lieu, the employee must sign a waiver of medical insurance coverage provided by the City and provide proof of medical insurance coverage to Human Resources annually before the end of the open enrollment period.
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Opt-Out Election. HMHP shall provide Practice notice of each new CI Payor Contract and Risk Payor Contract. If Practice chooses to exercise an Opt Out Election, Practice shall have thirty (30) days from receipt of notice from HMHP regarding the proposed new CI Payor Contract or Risk Payor Contract to provide an Opt Out Election for the new Payor Contract. If HMHP does not receive such notice post-marked within such thirty (30) day period, the new Payor Contract shall be deemed accepted by, and shall be binding upon, Practice and the Participating Physicians. Notwithstanding anything to the contrary herein, any decision by Practice to provide an Opt Out Election for any CI Payor Contract or Risk Payor Contract shall not affect the status of Practice in all other Payor Contracts referenced herein and shall not be deemed a termination of this Agreement.
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Opt-Out Election. If and after Restructuring is implemented during the term of this Agreement, and if allowed by the law, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Authority, at any time up until five (5) years prior to the termination date of this Agreement as specified herein, to unilaterally opt-out of and avoid this Agreement, but only for the purpose of participating in the Restructured power market.
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Opt-Out Election. ‌ A qualified employee shall acknowledge reasons for Opt-out when applying electronically for participation in the Opt-out, and must also acknowledge the reason(s) on an annual basis during the open enrollment period for each plan year.
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Opt-Out Election. At any time, a Sponsor Holder may make a written election to no longer receive any notice or information regarding a Piggyback Registration (an “Opt-Out Election”). Following receipt of such Opt-Out Election, the Company shall not be required to, and shall not, deliver any such notice or information to such Sponsor Holder from the date of such Opt-Out Election. An Opt-Out Election may state a date on which it expires or, if no such date is specified, shall remain in effect indefinitely. A Sponsor Holder who previously has given the Company an Opt-Out Election may revoke such election at any time, and there shall be no limit on the ability of a Sponsor Holder to issue and revoke subsequent Opt-Out Elections.
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Opt-Out Election. (i) At or before Closing, Purchaser may elect not to purchase equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures (with respect to each subsidiary, investment, and joint venture, an “Opt Out Election”). In the event that Purchaser makes an Opt Out Election, Seller shall have no obligation to sell to Purchaser, and Purchaser shall have no obligation to purchase, the applicable equity or other interest. At Closing, Seller shall transfer to Purchaser all equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures that are not subject to an Opt Out Election to Purchaser free and clear of any and all Encumbrances. The parties hereto hereby agree that the exercise of any Opt Out Election and/or the transfer of equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures shall not result in the increase or decrease of the Purchase Price.
Sample 1
Opt-Out Election. Employees hired prior to March 1, 2017 who have alternative medical insurance coverage from another source may elect not to participate in the medical insurance plans offered by the District and instead receive $500 per month in lieu of the amount the District would otherwise contribute for medical insurance for the employee. To elect cash in lieu, the employee must sign a waiver of medical insurance coverage provided by the District and provide proof of current medical insurance coverage that meets all required minimum standards to the District annually before the end of the open enrollment period. Employees hired on or after March 1, 2017 are not eligible to receive the monthly cash in lieu payment. Employees hired prior to March 1, 2017, who have not previously received cash in lieu payments are ineligible to opt-out and receive cash in lieu payments in the future. Employees who previously received cash in lieu payments and subsequently begin receiving employer provided medical insurance coverage are ineligible to again opt-out and receive cash in lieu payments.
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Opt-Out Election. I elect to opt-out of the new SOAR Compensation Plan and remain on the 2013−2014 step and level salary schedule.
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Opt-Out Election. If the Township elects to opt-out of PA 152, the Union and the Employer agree to maintain status quo as it pertains to health care premium sharing.
Sample 1

Related to Opt-Out Election

  • 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.

  • 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.

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