Option Election definition

Option Election means a written election made in accordance with the provisions of Section 6 to receive payment of the Non-Employee Director’s Annual Retainer in the form of Options in lieu of cash.
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Option Election has the meaning set forth in Section 7.04(b).
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Option Election means the election to be made by each holder of In-The-Money Moto Options pursuant to the Option Letter of Transmittal and Election Form to receive either (X) cash payment equaling the In-The-Money Amount for such In-The-Money Moto Options, or (Y) Converted Randgold Options for such In-The-Money Moto Options;
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Examples of Option Election in a sentence

  • The Trustee will mail by first-class mail to each holder of a Note of this Tranche a notice of such election within five Business Days of the Option Election Date which shall state (i) the first date, whether an Interest Payment Date and/or the Maturity Date, on which scheduled payments in the Optional Payment Currency will be made and (ii) the Designated Exchange Rate.

  • The Company may exercise such option by notifying the Trustee of such exercise on or prior to the Option Election Date.

  • If the Company makes such an election, the amount of Optional Payment Currency payable in respect hereof shall be determined by the Exchange Rate Agent by converting the amount of Specified Currency that would otherwise be payable into the Optional Payment Currency at the Designated Exchange Rate specified on the face hereof.The Company may exercise such option by notifying the Trustee of such exercise on or prior to the Option Election Date.

  • An Investment Option election shall remain in effect for future Deferred Compensation (including amounts deferred in subsequent Plan Years) unless and until a new Investment Option Election is filed with the Committee.

  • If this Pre-selected Death Benefit Option Election is in force at the time of the Owner's death, the payment of the death benefit may not be postponed, nor can the Contract be continued under any provisions of this Contract.

  • If a Pre-selected Death Benefit Option Election is not made by the Owner prior to the Owner's death, the Beneficiary may request that the death benefit be paid under any of the death benefit options described in this Contract, or other death benefit option, as agreed upon by the Company at the time of request.

  • If the Company makes such an election, the amount of Optional Payment Currency payable in respect hereof shall be determined by the Exchange Rate Agent by converting the amount of Specified Currency that would otherwise be payable into the Optional Payment Currency at the Designated Exchange Rate specified on the face of this Note.The Company may exercise such option by notifying the Trustee of such exercise on or prior to the Option Election Date.

  • There may also be other evidence for assessing the outcome of a particular policy.

  • If such election is made, notice of such election shall be mailed in accordance with the terms of the applicable Tranche of Dual Currency Notes within two Business Days of the Option Election Date and shall state (i) the first date, whether an Interest Payment Date and/or Stated Maturity, on which scheduled payments in the Optional Payment Currency will be made and (ii) the Designated Exchange Rate.

  • Reference is made to the Prospectus/Consent Solicitation Statement dated ______________, 2001, and the transmittal letter, which were sent with this Note Option Election Form.


More Definitions of Option Election

Option Election shall refer to either a Rollover Election, an Option Cash Election, an Option Stock Election or an Option Mixed Election.
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Option Election has the meaning ascribed to it in Section 3.02(b).
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Option Election has the meaning ascribed to such term in the Plan of Arrangement;
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Option Election. As defined in Section 6.14. Option Payments. As defined in Section 6.14.
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Option Election means the election by a Director to receive Options in lieu of Meeting Fees as set forth in Section 5(d) hereof.
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Option Election has the meaning ascribed thereto in Section 1.2 (a).
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Related to Option Election

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

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

  • 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.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

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

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

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

  • Extension Election has the meaning set forth in Section 2.16(c).

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

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Payment Election means an election pursuant to Section 5.1.

  • Early Opt-in Election means the occurrence of:

  • Special election means an election held as authorized by Section 20A-1-203.

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

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

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

  • Deferral Agreement means the annual written agreement between the Funds and the Participant to defer Compensation under the Plan.

  • Deferral Notice has the meaning set forth in Section 3(h) hereof.

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

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • 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.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Enrollment Date means the first day of each Offering Period.