Deemed Election definition

Deemed Election means a passive election to make Before-Tax Contributions to the Plan pursuant to Section 3.02(d).
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Deemed Election means the election of benefits that a Participant will be deemed to have made if he or she fails to file a completed election form for any Period of Coverage on or before the deadline set by the Administrator. A Participant's failure to timely file a completed election form for his or her initial Period of Coverage under the Plan shall constitute an election of all benefits under the Insurance Premium Pre-Tax Payment Option (and a corresponding agreement to a reduction in the Participant's Compensation equal to the cost of such benefits) and an election not to receive any benefits under any of the Flexible Spending Account Options. A Participant's failure to timely file a completed election form for any subsequent Period of Coverage shall constitute (a) a re-election of the same benefits, if any, as the Participant had elected (including any benefits elected pursuant to a Deemed Election) under the Insurance Premium Pre-Tax Payment Option for the immediately preceding Period of Coverage and a corresponding agreement to a reduction in the Participant's Compensation equal to the cost of such benefits, and (b) an election to not receive any benefits under any of the Flexible Spending Account Options.
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Deemed Election. A Participant who fails to make an election required by section will be deemed to have made an election under paragraph a).
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Examples of Deemed Election in a sentence

  • A Participant's failure to return a completed election form to the Administrator on or before the specified due date shall constitute a Deemed Election of benefits under the Plan.

  • Except as otherwise provided herein, any election made under this Plan (including any Deemed Election) shall automatically terminate on the date on which the Participant ceases to be a Participant in the Plan, although coverage or benefits under a Component Plan may continue if and to the extent provided by such Plan.

  • If a court awarded former spouse SBP, the former spouse has one-year from the date of the first court order that awarded it to submit a DD Form 2656-10 (SBP/RCSBP Request for Deemed Election) to DFAS with a copy of the divorce and the court order.

  • Only a tax election distinguishes an eligible entity that is a DRE from an eligible entity that elects to be (or defaults to be) a corporation (including by applying for exemption and being treated as an association under the Deemed Election Regulation).

  • IRS Instructions to Form 8832 “Entity Classification Election” refer to the Deemed Election Regulation in providing that Form 8832 cannot be filed by an eligible entity “that is tax-exempt under Section 501(a).” An entity “shall be exempt from taxation” only if it is “described” in Section 501(c) or (d) or Section 401(a).

  • Furthermore, a series of private letter rulings confirms that a single-member LLC can be a disregarded entity that is part of a tax-exempt owner but not subject to the deemed election under the Deemed Election Regulation.

  • The Deemed Election Regulation was included because the IRS considered associations (taxable as corporations) to be the type of eligible entity most consistent with exempt status (for those types of exempt organizations that are not trusts and thus not eligible entities in the first place).

  • The former spouse should submit a request for a deemed former spouse election on a DD Form 2656-10, Survivor Benefit Plan (SBP)/Reserve Component (RC) SBP Request for Deemed Election.

  • Moreover, as discussed in this report, the addition of a number of specific carve-outs to the general tax treatment of an eligible entity (e.g., employment taxes, the Deemed Election Regulation, etc.) shows that the tax classification of an entity does, in fact, generally dictate its tax treatment.

  • S9-2 Breach, Revocation or Amendment of Community Order and Effect of Further Conviction‌CJA 2003 section 79 and Schedule 8ARCHBOLD 5-339; BLACKSTONE’S E8.30; SENTENCING REFERENCER 55 Breach of requirement: CJA 2013 Schedule 8 paragraph 101.


More Definitions of Deemed Election

Deemed Election means an election established under this Plan for a Participant in the event that (i) a Compliant Election was not submitted by the Participant by the applicable Election Date, or (ii) an election was submitted in a timely manner but failed to be a Compliant Election and could not be corrected to be a Compliant Election by the applicable Election Date. A Deemed Election shall meet the distribution timing requirements of Section 4.3.
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Related to Deemed Election

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

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

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

  • Contested Election means any election of Directors in which the number of persons nominated for election as Directors in accordance with Section 7 of Article I exceeds the number of Directors to be elected, with the determination that any election of Directors is a Contested Election to be made by the Secretary or other officer of the Fund prior to the time the Fund mails its initial proxy statement in connection with such election of Directors. If, prior to the time the Fund mails its initial proxy statement in connection with such election of Directors, one or more persons nominated for election as a Director are withdrawn such that the number of persons nominated for election as Director no longer exceeds the number of Directors to be elected, such election shall not be considered a Contested Election.

  • Qualified elector means an individual at least 18 years of age who is a citizen of the United States, a permanent resident of this state, and a resident of the district who registers with the supervisor of elections of a county within which the district lands are located when the registration books are open.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

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

  • Bond election means an election held for the purpose of approving or rejecting

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

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

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Election Date has the meaning specified in Section 3.12(h).

  • Election judge means a poll worker that is assigned to:

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • 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.

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

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

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

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

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Voice Initiated Election means any election concerning dividend options available to Investment Company shareholders or subscribers which is requested by voice over the telephone.

  • 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.