Examples of Initial Election Deadline in a sentence
An election so made during the initial year of eligibility (“Initial Salary Election”) shall become irrevocable on the Initial Election Deadline and shall be effective beginning with the first pay period that ends after the Initial Election Deadline.
The Initial Election must be submitted to Stock Administration on or prior to the date that the individual first becomes an Outside Director (the “Initial Election Deadline”), and the Initial Election shall become irrevocable effective as of the Initial Election Deadline.
This program further developed the previous year’s deliverables with a focus on student engagement.
The Initial Election must be made no later than 5:00 p.m., Mountain Time, on the date that is five (5) business days prior to the date of the Closing (such election deadline, the “Initial Election Deadline”), and, except as provided in Section 3.1.4 below, the Initial Election will become effective and irrevocable as of the Initial Election Deadline.
The Initial Election Deadline refers to the Deferral election deadline applicable to an Eligible Employee when he or she first becomes a Participant and shall mean (a) December 31, 2006 if the Employee is an Eligible Employee as of December 1, 2006, or (b) if the Employee is not an Eligible Employee as of December 1, 2006, the thirtieth (30th) day following the date he or she qualifies as an Eligible Employee.
Each Participant may elect to defer receipt of his or her Salary and/or Bonus by filing with the Plan Administrative Committee an election that conforms to the requirements of this Section 4.2, on a form provided by the Plan Administrative Committee, by his or her Initial Election Deadline or such earlier date as may be required by the Plan Administrative Committee.
A Participant may subsequent to his or her Initial Election Deadline elect to defer Salary and/or Bonus for a subsequent Deferral Year by filing an election, on a form provided by the Plan Administrative Committee.
Such deferral election shall be made by completing and executing an election form prescribed by the Administrator and delivering such election form to the Administrator on or before the Initial Election Deadline.
For clarity, if an individual is restricted from trading Shares (including without limitation pursuant to the Company’s xxxxxxx xxxxxxx policy, as applicable) during the entire period through the Initial Election Deadline that but for such restrictions the individual would have had the opportunity to make an Initial Election, then such individual will not be eligible to make an Initial Election.
On the form submitted in connection with a Participant’s Initial Election Deadline, the Participant may make an election to receive payment of the vested portion of his or her Account in a lump sum on a future payment date while still employed; provided, however, that the future payment date selected must be at least two (2) years from the date that the form is received by the Plan Administrator.