Executive Election definition
Examples of Executive Election in a sentence
The expiration of such 180-day period shall not affect the Executive's right to give notice under Section 5(a) with respect to any other Executive Election Event.
Notwithstanding anything in this Agreement to the contrary, in no event shall Gatherer be required to agree to any Updated Development Plan and corresponding updated Gathering System Plan that contains a Committed Build-Out that (x) has a corresponding Target Completion Date that occurs after the end of the Initial Term, and (y) Gatherer, in its sole discretion, does not wish to approve, whether pursuant to an Executive Election and the related provisions of this Section 5.3(e) or otherwise.
Notwithstanding anything in this Agreement to the contrary, in no event shall Provider be required to agree to any Updated Development Plan and corresponding updated System Plan that contains a Committed Build-Out that (x) has a corresponding Target Completion Date that occurs after the end of the Initial Term, and (y) Provider, in its sole discretion, does not wish to approve, whether pursuant to an Executive Election and the related provisions of this Section 5.3(e) or otherwise.
This election as to the form of Deferred Compensation Benefits shall be made by Executive in a written notice to the Company signed by Executive ("Election Notice") no less than ninety (90) days prior to the Entitlement Date.
The Options, to the extent they remain unexercised, shall automatically and without further notice terminate and become of no further force and effect only at the time of the earliest of the following to occur: (x) Three months after the date upon which a termination for cause by the Company (as provided in Section 5(b)) or a termination by the Executive other than pursuant to an Executive Election Event (as provided in Section 5(a)) shall have become effective and final; or (y) January 7, 2010.
If the Executive does not timely deliver an Executive Election Notice for a given year, unless the Company and the Executive otherwise agree, the LMC Target Amount for such year will be allocated 50/50 between LMC Performance RSUs and LMC Performance Options.
If the Executive terminates her employment within one year of the Effective Date and if such termination is not the result of an "Executive Election Event" (as defined in Section 5), she agrees to repay the Signing Bonus in its entirety, unless otherwise agreed to by the Compensation Committee after consultation with the CEO.