Annual Election definition
Examples of Annual Election in a sentence
If Xencor does not provide such a Succeeding Year Percentage Notice during the Annual Election Period, then Xencor shall be deemed to have delivered a Succeeding Year Percentage Notice as of the end of the Annual Election Period electing to maintain the same Xencor Sharing Percentage as was then currently in effect (i.e., from Xencor’s prior year’s election).
Such negotiations shall begin no later than one hundred and twenty (120) days prior to the Annual Election of the school year in which the existing Agreement expires.
Except as provided in Section 3.1.4 below, the Annual Election shall become effective and irrevocable as of the Annual Election Deadline.
If the notice specified in the preceding sentence is not given within the time required, the incumbent Doubletree Directors shall be deemed to be the nominees for election as Doubletree Directors at such Annual Election.
The date on which the Annual Election Period commences and ends will be set forth in the SPD or the enrollment material.