Examples of Election Form and Agreement in a sentence
Such Election Form and Agreement shall set out certain rights and obligations of the parties thereto pursuant to and in accordance with the Plan, and shall remain in full force and effect until all such Share Units credited to the account of such Participant shall have been settled and/or cancelled.
Except as specifically herein provided or provided in the Election Form and Agreement, no Eligible Director, Participant or other person shall have any claim or right to any Common Shares to be delivered in settlement of Share Units credited pursuant to the Plan.
Share Units already credited to any such Participant’s account shall remain governed by the Plan and the Election Form and Agreement, and such Participant shall be entitled to continue to receive Share Units under Section 7 until such Participant’s Settlement Date.
If any such amendment will materially adversely affect the rights of a Participant with respect to Share Units credited to such Participant or under any Election Form and Agreement, the written consent of such Participant to such amendment shall be obtained.
Notwithstanding the foregoing, the obtaining of the written consent of any Participant to an amendment which materially adversely affects the rights of such Participant with respect to any credited Share Unit or under any Election Form and Agreement shall not be required if such amendment is required to comply with applicable laws, regulations, rules, orders of governmental or regulatory authorities or the requirements of any stock exchange on which shares of Nortel Corporation are listed or traded.
If either or both parties reject settlement upon those terms, then the claimant may submit an Election Form and Agreement for Binding or Non- binding Arbitration.
Each Eligible Director shall, in accordance with Section 4 and the Plan or at such other times as Nortel Limited deems appropriate, enter into an Election Form and Agreement in writing with Nortel Limited and, if applicable, the Administrator with respect to his or her participation in the Plan.
If the claimant requests arbitration, either binding or non-binding, then the PI Trust shall execute the appropriate Election Form and Agreement.
If after the expiration of that ten (10) day period neither party accepts the other’s written offer or the parties do not otherwise settle the matter, then the claimant may request binding or non-binding arbitration by sending to the PI Trust the appropriate signed Election Form and Agreement for either Binding or Non-binding Arbitration.
Ten(10) days after the conclusion of the mediation, if the parties have not settled the matter, the claimant may submit to the PI Trust an Election Form and Agreement for Binding or Non-binding Arbitration.