Participant Election definition

Participant Election means an election regarding deferrals and/or distributions submitted by the Participant to the Administrative Committee on a timely basis pursuant to Article 3 of the Plan, which may include contributions, benefits, terms and conditions unique to such Participant. The Participant Election may take the form of an electronic communication according to specifications established by the Administrative Committee.
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Participant Election means the irrevocable election the Participant makes in the Unit Agreement to receive payment of a Unit Appreciation Payment under this Plan under Option 1 or Option 2.
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Examples of Participant Election in a sentence

  • If an ACNielsen Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall remain in the D&B Savings Plan, and (ii) such employee shall be treated as a ACNielsen Bifurcated Savings Plan Employee.

  • If a Cognizant Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall remain in the D&B Savings Plan, and (ii) such employee shall be treated as a Cognizant Bifurcated Savings Plan Employee.

  • Notwithstanding the foregoing, prior to the end of the Participant Election Period, and for such period thereafter as may be reasonably determined by D&B, Cognizant Employees and ACNielsen Employees who have outstanding loans from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks.

  • Prior to the Effective Time, RHD Employees shall be given the right to elect one of the following options with respect to their Corporation Savings Plan account balances (the "Participant Election Period"): (i) RHD Employees may keep their balances in the Corporation Savings Plan (such employees being known as "RHD Bifurcated Savings Plan Employees"); or (ii) RHD Employees may transfer their balances to the RHD Savings Plan (such employees being known as "RHD Transferred Savings Plan Employees").

  • If a Moody's Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall be transferred to the Moody's Savings Plan, and (ii) such employee shall be treated as a Moody's Transferred Savings Plan Employee.

  • If a RHD Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall be transferred to the RHD Savings Plan, and (ii) such employee shall be treated as a RHD Transferred Savings Plan Employee.

  • However, pursuant to this Agreement, any such Phase 2 Clinical Trials for [***] conducted prior to Sanofi’s Participant Election Deadline shall be deemed activities occurring during the Research Term.

  • In the case of a Participant Election which is required to be witnessed by a Plan representative or a notary public (such as a spousal consent under Section 417 of the Code), the signature of the individual making the Participant Election must be witnessed in the physical presence of a Plan representative or a notary public.

  • In those situations where a Plan participant has not made a Participant Election (such non-electing participant, a “Participant”), you desire to distribute such Participant’s balance from the Plan to an individual retirement account (“IRA”) custodied by us.

  • The person making the Participant Election receives, within a reasonable time, a confirmation of the effect of the election under the terms of the Plan or arrangement through either a written paper document or an electronic medium under a system that satisfies the requirements of either paragraph (b) or (c) of Regulations Section 1.401(a)-21 (as if the confirmation were an applicable notice).