Deemed Election definition

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

  • Such Deemed Election shall be effective in accordance with procedures established by the Plan Administrator after written notice has been provided to the Employee.

  • An Employee may, by giving notice to the Plan Administrator, change his Deferral Election, including a Deemed Election, and direct the Employer to reduce or contribute, as the case may be, different permitted percentages of his periodic installments of Annual Salary, effective as soon as administratively practicable thereafter.

  • 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.

  • An Employee hired prior to January 1, 2008 shall not have a Deemed Election Date unless such Employee terminates employment and is subsequently rehired after January 1, 2008.

  • 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.

  • Notwithstanding the foregoing, in the event an eligible Employee’s employment with the Company and all Affiliates terminates, any deemed election that would otherwise be in effect shall automatically terminate and such Employee shall have a new Deemed Election Date, which shall be the first day of the calendar month concurrent with or next following such Employee’s completion of thirty (30) consecutive days of Service, beginning on the date on which such Employee is reemployed.

  • A Former Moto Shareholder who does not deposit a Letter of Transmittal and Election Form with the Depositary by the Election Deadline or whose Election is defective or incomplete shall be deemed to have made the Randgold ADS Deemed Election or Randgold Share Deemed Election, as the case may be.

  • An Employee may, by giving notice to the Plan Administrator on or prior to the last business day beginning on or before the fifteenth (15th) day of the calendar month and subject to the provisions of Section 3.04, change his Deferral Election, including a Deemed Election, and direct the Employer to reduce or contribute, as the case may be, different permitted percentages of his periodic installments of Annual Salary, effective as of the first pay received in the next succeeding calendar month.

  • This study sought to identify the risk factors associated with street homes, to investigate the national security implications of street homes, to establish from children living on street homes persons/institutions that provide their basic needs and to find out whether children living on street homes have knowledge on national policies that protects their right.


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

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • 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.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

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

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

  • Contested Election means any election of Directors in which the number of persons nominated for election as Directors in accordance with Section 7 of Article I exceeds the number of Directors to be elected, with the determination that any election of Directors is a Contested Election to be made by the Secretary or other officer of the Fund prior to the time the Fund mails its initial proxy statement in connection with such election of Directors. If, prior to the time the Fund mails its initial proxy statement in connection with such election of Directors, one or more persons nominated for election as a Director are withdrawn such that the number of persons nominated for election as Director no longer exceeds the number of Directors to be elected, such election shall not be considered a Contested Election.

  • Qualified elector means an individual at least 18 years of age who is a citizen of the United States, a permanent resident of this state, and a resident of the district who registers with the supervisor of elections of a county within which the district lands are located when the registration books are open.

  • 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.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Bond election means an election held for the purpose of approving or rejecting

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

  • 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.

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

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

  • 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.

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

  • Election judge means a poll worker that is assigned to:

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

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

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

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

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

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Voice Initiated Election means any election concerning dividend options available to Investment Company shareholders or subscribers which is requested by voice over the telephone.

  • 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.