Control Election definition

Control Election has the meaning specified in Section 5.3 of this Agreement.
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Control Election has the meaning assigned to that term in the Blocked Account Agreements.
Sample 1Sample 2

Examples of Control Election in a sentence

  • Executive must notify the Company in writing within 5 business days after Executive's Last Day of Employment of Executive's Change of Control Election.

  • If the Company elects to pay the applicable Change of Control Election Price in cash, such redemption of Preferred Shares pursuant to this Section 6(b) shall be made in accordance with Section 5(d)(ii) above.

  • If the Company has elected to pay a Change of Control Election Price in cash in accordance with Section 6(b), the Company shall deliver the applicable Change of Control Election Price (and together with any Company Optional Redemption Price, each a “Redemption Price”) to such Holder in cash concurrently with the consummation of such Change of Control.

  • Notwithstanding the foregoing, with respect to a Going Private Transaction, the Company may effect a Company Optional Redemption under this Section 9, but with “Change of Control Election Price” replacing “Company Optional Redemption Price” for all purposes in this Section 9 in connection therewith.

  • Following the Control Election, no Borrower shall have any right to withdraw any funds or checks or other items of payment deposited in any Cash Collateral Account or any Lockbox.

  • Licensee shall use its best efforts to bring Licensed Patent Rights to market through a thorough, vigorous, and diligent program and to continue active, diligent marketing efforts throughout the life of this agreement.

  • If the Holder does not deliver a Change of Control Election Notice on or prior to the applicable Change of Control Election Deadline Date, then the Holder will be deemed to have made the election specified under clause (x) of this Section 3.1(b)(ii).

  • Upon receipt by the Trustee or the paying agent of a Change of Control Election, the Holder of the Security in respect of which such Change of Control Election was given shall (unless such Change of Control Election is withdrawn as specified in the following paragraph) thereafter be entitled to receive solely the Change of Control Repurchase Price with respect to such Security.

  • For a Change in Control Election Form to be validly submitted by a Participant, it must be received by the Corporate Secretary of the Company prior to the deadline specified in the first sentence of this Section 9.3.

  • Following delivery of a Change of Control Notice, the Holder will be required to make the applicable election (a “Change of Control Election”) as set forth in Section 3.1(b)(ii) with respect to this Series 2 Note by delivering written notice thereof to the Company not later than fifteen (15) days after delivery of the applicable Change of Control Notice (such fifteenth (15th) day, the “Change of Control Election Deadline Date”).

Related to Control Election

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

  • Primary election means any regular primary election held under the election

  • Local election means a regular county election, a regular municipal election, a

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

  • Special election means an election held as authorized by Section 20A-1-203.

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

  • 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.

  • Payment Election means an election pursuant to Section 5.1.

  • 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.

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

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • 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.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

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

  • General election means an election held in the Commonwealth on the Tuesday after the first

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

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

  • Deferral Notice has the meaning set forth in Section 3(h) hereof.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Federal election means an election in even-numbered years in which an elector may vote for

  • Election Date has the meaning specified in Section 312(h).

  • Local special election means a special election called by the governing body of a

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