Plan Election means the following: (a) for Employee Participants, an election to defer a part of such Participant’s Regular Base Salary, such Participant’s Bonus Compensation, or such Participant’s Multi-Year Incentive Compensation, all pursuant to Section 3.2, and (b) for Outside Director Participants, an election to defer Director Fees pursuant to Section 3.2. A Participant’s Plan Election shall also include an election by the Participant specifying the calendar year in which payments shall commence, the method of payment with respect to the payout of all future benefits attributable to deferrals for the Plan Year and whether the Participant elects to receive a lump sum distribution upon death or Disability prior to the calendar year in which payments would otherwise commence. A Participant may delay payment or change the form of payment by filing a new Plan Election, but only to the extent permitted by Section 6.4 of the Plan.
Plan Election means the election to be made by each holder of an Allowed Secured Debt Claim on such holder’s Ballot for the treatment of such holder’s Allowed Secured Debt Claims, as set forth in Section 3.2(d) hereof.
Examples of Plan Election in a sentence
It bears noting that these authors, too, relied upon the Supreme Court Database and its coding of justices’ votes as conservative orthe larger public.
Acupuncture Treatment Based on Benefit Plan Election, Acupuncture Treatment may not be a covered benefit.
Massage Therapy Based on Benefit Plan Election, Massage Therapy may not be a covered benefit.
If a Plan Election is made, then, among other things, the Sale Hearing may occur concurrently with the hearing to confirm the such chapter 11 plan (the “Confirmation Hearing”) and the order confirming such chapter 11 plan (the “Confirmation Order”) (and not the Sale Order) would approve the Sale.
Mandatory Bidders’ ConferenceIt is mandatory that the ESCo or a representative of the ESCo attend the Bidders’ conference which will be held on March 2nd 2021 using the MS Teams application.
More Definitions of Plan Election
Plan Election means the exercise of an election by an Eligible Subscriber pursuant to the Plan, which election shall be made solely in each such Eligible Subscriber’s discretion, to receive cash in lieu of some or all of the shares of New Common Stock such Eligible Subscriber would otherwise be entitled to receive under the Plan in an amount equal to the value of such shares based on a $260 million equity value or, if the Standby Purchasers elect to increase the price per share payable under the Standby Purchase Agreement, such greater price; provided, that if the number of shares of New Common Stock subject to Plan Elections exceeds the number of shares of New Common Stock equal to 45% of the shares of New Common Stock outstanding as of the Effective Date minus the number of shares of New Common Stock which the Standby Purchasers will receive under the Plan on account of their Claims, then the number of shares of New Common Stock subject to all of the Plan Elections will be reduced pro rata among all Electing Holders; provided further, that in the event of such a pro rata reduction, each Electing Holder shall receive cash for a fewer number of shares than such Electing Holder selected in its Plan Election, and shares of New Common Stock for the balance of the shares selected in such Electing Holder’s Plan Election.
Plan Election means the following: (a) for Employee Participants, an election to defer a part of such Participant’s Base Salary or Annual Incentive Compensation pursuant to Section 3.2, and (b) for Outside Director Participants, an election to defer Director Fees pursuant to Section 3.2. A Participant’s Plan Election shall also include an election by the Participant specifying the calendar year in which payments shall commence, which shall apply unless payment is required earlier pursuant to the terms of Article VI.
Plan Election means an agreement filed during the Enrolment Period in respect of any calendar year that constitutes an election to (a) become a Participant in the Plan in respect of such year; (b) forgo receipt of annual compensation; and (c) accept the terms and conditions of the Plan in connection with such forgoing.
Plan Election has the meaning set forth in the Recitals.
Plan Election means an election to defer a part of a Participant’s Regular Base Salary or Bonus Compensation, all pursuant to Section 3.2.
Plan Election means an election by the Required Lenders, the Required IC Lenders and the Required First Lien Lenders to have an Approved Restructuring implemented through an Acceptable Plan rather than an Acceptable Sale Transaction, which election shall be made within fourteen days of the Petition Date or at such later date as agreed to by the Required IC Lenders.
Plan Election means the optional election available to each Qualified Holder to receive its Pro Rata share of one hundred percent (100%) of the Post-Effective Date GGH Interests, subject to dilution by the MIP; provided that, unless and until all senior Claims against the Wind- Down Debtors and Reorganized GGH (as applicable) are paid in full or otherwise treated as Unimpaired, no Person or Entity will be entitled to any distribution from the Wind-Down Debtors or Reorganized GGH (as applicable) on account of its Post-Effective Date GGH Interests.