Common use of Term of Election Clause in Contracts

Term of Election. This Deferral Agreement and the provisions of the Plan constitute the entire agreement between the parties, and will continue in full force and effect until the Participant executes a superseding Deferral Agreement, or until revoked by the Participant in a writing sent to and approved by the Committee, or until the Participant ceases service with the Company, or until the Plan is terminated by appropriate corporate action, whichever shall first occur. This Deferral Agreement will become effective: a. on the January 1st following the execution of this Deferral Agreement; or b. on the first day of the next calendar month following the execution of this Deferral Agreement, but only if this Deferral Agreement is executed within the 30-day period after the Participant first becomes eligible for Plan participation.

Appears in 3 contracts

Samples: Deferral Election Agreement (Versar Inc), Deferral Election Agreement for Deferred Share Units (Commerce Energy Group Inc), Deferral Election Agreement (Versar Inc)

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Term of Election. This Deferral Agreement and the provisions of the Plan constitute the entire agreement between the parties, and will continue in full force and effect until the Participant executes until, either you execute a superseding Deferral Agreement, or until revoked by you revoke the Participant Deferral Agreement in a writing sent to and approved by the Committee, or until the Participant ceases you cease service with the Company, or until the Plan is terminated by appropriate corporate action, whichever shall first occur. This Deferral Agreement will become effective: a. on the January 1st following the execution of this Deferral Agreement; or b. on the first day of the next calendar month following the execution of this Deferral Agreement, but only if this Deferral Agreement is executed within the 30-day period after the Participant you first becomes become eligible for Plan participation.

Appears in 2 contracts

Samples: Deferral Election Agreement for Deferred Share Units (Capital Trust Inc), Deferral Election Agreement for Deferred Share Units (Capital Trust Inc)

Term of Election. This Deferral Agreement and the provisions of the Plan constitute the entire agreement between the parties, and will continue in full force and effect until the Participant executes you execute a superseding Deferral Agreement, or until revoked by the Participant you in a writing sent to and approved by the Committee, or until the Participant ceases you cease service with the Company, or until the Plan is terminated by appropriate corporate action, whichever shall first occur. This Deferral Agreement will become effective: a. on the January 1st following the execution of this Deferral Agreement; or b. on the first day of the next calendar month following the execution of this Deferral Agreement, but only if this Deferral Agreement is executed within the 30-day period after the Participant you first becomes eligible for Plan participation.

Appears in 1 contract

Samples: Deferral Election Agreement for Deferred Share Units (Annapolis Bancorp Inc)

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Term of Election. This Deferral Agreement and the provisions of the Plan constitute the entire agreement between the parties, and will continue in full force and effect until the Participant executes you execute a superseding Deferral Agreement, or until revoked by the Participant you in a writing sent to and approved by the Committee, or until the Participant ceases you cease service with the Company, or until the Plan is terminated by appropriate corporate action, whichever shall first occur. This Deferral Agreement will become effective: a. (a) on the January 1st following the execution of this Deferral Agreement; or b. (b) on the first day of the next calendar month following the execution of this Deferral Agreement, but only if this Deferral Agreement is executed within the 30-day period after the Participant you first becomes eligible for Plan participationto make a deferral election pursuant to Section 9 of the Plan.

Appears in 1 contract

Samples: Deferral Election Agreement (Sciele Pharma, Inc.)

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