Cash Payment Election definition

Cash Payment Election has the meaning set forth in Section 2.1(d) of this Agreement.
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Cash Payment Election means the right described in Section 6 hereof of an Optionee to elect to receive cash upon exercise of an Option.
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Cash Payment Election has the meaning set forth in Section 7(D) hereof.
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Examples of Cash Payment Election in a sentence

  • If no election is made by you or if you make a Cash Payment Election and fail to deliver the required funds to the Company on a timely basis, then the Company may, in its sole discretion, require a Share Withhold Election.

  • For purposes of this Agreement, Edgen and Partnership hereby agree that the fair market value of the Class A Common Stock received in a Taxable Exchange shall be the Purchase Price (as defined in the Exchange Agreement) that would have been payable in such Taxable Exchange if the Company had elected the Cash Payment Election (as defined in the Exchange Agreement) for such Taxable Exchange.

  • Each time that Partnership desires to exercise the Exchange Right, it shall provide a written notice to EDG (with a contemporaneous copy to the Company) (the “Notice”) setting forth (i) that Partnership desires to exchange a stated number of Membership Units and a stated number of shares of Class B Common Stock held by Partnership for shares of Class A Common Stock and (ii) wire transfer instructions for payment to Partnership in the event a Cash Payment Election is made by EDG.

  • If a fractional share interest arises upon any exercise of the Exchange Right, EDG or the Company, as applicable, shall eliminate such fractional share interest by paying Partnership an amount computed by multiplying the fractional interest by the Purchase Price that would apply to a Cash Payment Election in respect of a whole share of Class A Common Stock to which the fraction applies.

  • Upon receipt of the Cash Payment Election and the Receipt, the Escrow Agent shall retain, and not release to CheckFree on account of such Claim, a number of Claimed Escrow Shares equal to the amount of the cash payment evidenced by the Receipt divided by the Average Share Price.

  • The amount allocated to a Participant's ESOP Dividend Received Account with respect to an ESOP Dividend for which such Participant has made a Cash Payment Election shall be paid out of such account to the Participant as soon as administratively feasible following the date upon which such election becomes irrevocable with respect to such dividend." 5.

  • If no election is made by you or if you make a Cash Payment Election and fail to deliver the required funds to the Company on a timely basis, then the Company may, in its sole discretion, require either a Share Withhold Election or a Sell to Cover Election.

  • Upon the exercise of an Option, the number of shares with respect to which the Option may thereafter be exercised by the Optionee shall no longer include the sum of the Shares purchased upon exercise plus the Shares, if any, covered by a Cash Payment Election upon such exercise.

  • Any such SPA Cash Payment Election Notice shall specify (A) the percentage of Variable Price Shares to be acquired for cash (the "Cash Fraction") and (B) the percentage of Variable Price Shares to be acquired for Purchaser Stock (the "Stock Fraction"), the aggregate of which shall equal one hundred percent (100%).

  • CheckFree shall cooperate with Intuit and the Escrow Agent to facilitate Intuit's exercise of the Cash Payment Election.


More Definitions of Cash Payment Election

Cash Payment Election has the meaning ascribed thereto in section 4.1(c);
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Cash Payment Election shall have the meaning specified in Section 17.02(b).
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Cash Payment Election has the meaning specified in Section 2.08(d). “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. “CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S. Environmental Protection Agency. “CFC” has the meaning specified in the definition of “Excluded Subsidiary”. “CFCHC” has the meaning specified in the definition of “Excluded Subsidiary”. “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. “Change of Control” means an event or series of events after the date of this Agreement by which: (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of the Company or its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) other than a Permitted Holder becomes the “beneficial owner” (as defined in Rules 13d-4 and 13d-6 under the Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an “option right”), whether such 6
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Cash Payment Election has the meaning set forth in Section 2.14 hereof.
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Cash Payment Election has the meaning given in paragraph 2.2 of this Schedule 9;
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Cash Payment Election shall have the meaning set forth in Section 3.2(f) hereof;
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Related to Cash Payment Election

  • Payment Election means an election pursuant to Section 5.1.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Scheduled Distribution means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Cash Election shall have the meaning set forth in Section 3.2.2.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Election Date has the meaning specified in Section 3.12(h).

  • Early Opt-in Election means the occurrence of: