Deemed Election definition

Deemed Election means a passive election to make Before-Tax Contributions to the Plan pursuant to Section 3.02(d).

Deemed Election means the election of benefits that a Participant will be deemed to have made if he or she fails to file a completed election form for any Period of Coverage on or before the deadline set by the Administrator. A Participant's failure to timely file a completed election form for his or her initial Period of Coverage under the Plan shall constitute an election of all benefits under the Insurance Premium Pre-Tax Payment Option (and a corresponding agreement to a reduction in the Participant's Compensation equal to the cost of such benefits) and an election not to receive any benefits under any of the Flexible Spending Account Options. A Participant's failure to timely file a completed election form for any subsequent Period of Coverage shall constitute (a) a re-election of the same benefits, if any, as the Participant had elected (including any benefits elected pursuant to a Deemed Election) under the Insurance Premium Pre-Tax Payment Option for the immediately preceding Period of Coverage and a corresponding agreement to a reduction in the Participant's Compensation equal to the cost of such benefits, and (b) an election to not receive any benefits under any of the Flexible Spending Account Options.

Deemed Election. A Participant who fails to make an election required by section will be deemed to have made an election under paragraph a).

Examples of Deemed Election in a sentence

• A Participant's failure to return a completed election form to the Administrator on or before the specified due date shall constitute a Deemed Election of benefits under the Plan.

• Except as otherwise provided herein, any election made under this Plan (including any Deemed Election) shall automatically terminate on the date on which the Participant ceases to be a Participant in the Plan, although coverage or benefits under a Component Plan may continue if and to the extent provided by such Plan.

• If a court awarded former spouse SBP, the former spouse has one-year from the date of the first court order that awarded it to submit a DD Form 2656-10 (SBP/RCSBP Request for Deemed Election) to DFAS with a copy of the divorce and the court order.

• Only a tax election distinguishes an eligible entity that is a DRE from an eligible entity that elects to be (or defaults to be) a corporation (including by applying for exemption and being treated as an association under the Deemed Election Regulation).

• IRS Instructions to Form 8832 “Entity Classification Election” refer to the Deemed Election Regulation in providing that Form 8832 cannot be filed by an eligible entity “that is tax-exempt under Section 501(a).” An entity “shall be exempt from taxation” only if it is “described” in Section 501(c) or (d) or Section 401(a).

• Furthermore, a series of private letter rulings confirms that a single-member LLC can be a disregarded entity that is part of a tax-exempt owner but not subject to the deemed election under the Deemed Election Regulation.

• The Deemed Election Regulation was included because the IRS considered associations (taxable as corporations) to be the type of eligible entity most consistent with exempt status (for those types of exempt organizations that are not trusts and thus not eligible entities in the first place).

• The former spouse should submit a request for a deemed former spouse election on a DD Form 2656-10, Survivor Benefit Plan (SBP)/Reserve Component (RC) SBP Request for Deemed Election.

• Moreover, as discussed in this report, the addition of a number of specific carve-outs to the general tax treatment of an eligible entity (e.g., employment taxes, the Deemed Election Regulation, etc.) shows that the tax classification of an entity does, in fact, generally dictate its tax treatment.

• S9-2 Breach, Revocation or Amendment of Community Order and Effect of Further Conviction‌CJA 2003 section 79 and Schedule 8ARCHBOLD 5-339; BLACKSTONE’S E8.30; SENTENCING REFERENCER 55 Breach of requirement: CJA 2013 Schedule 8 paragraph 101.

More Definitions of Deemed Election

Deemed Election means an election established under this Plan for a Participant in the event that (i) a Compliant Election was not submitted by the Participant by the applicable Election Date, or (ii) an election was submitted in a timely manner but failed to be a Compliant Election and could not be corrected to be a Compliant Election by the applicable Election Date. A Deemed Election shall meet the distribution timing requirements of Section 4.3.

Deemed Election means the election to receive Combined Consideration of (i) Cash Consideration with respect to 13.5 percent of such holder's Company Shares, rounded down to the nearest whole Company Share; and (ii) Share Consideration with respect to the remaining 86.5 percent of such holder's Company Shares, rounded up to the nearest whole Company Share, that is deemed upon failure by a Shareholder to deposit a duly completed Letter of Transmittal and Election Form with the Depositary;