Joint Election

Example Definitions of "Joint Election"
Joint Election. An election within the meaning of paragraph 3B, Social Security Contributions and Benefits Act
Joint Election. Means the election made between the Optionee and the Corporation or if and to the extent that there is a change in the law, any other company or person who is or becomes a secondary contributor for NIC purposes in respect of an Option, in such terms and such forms as provided in paragraphs 3A and 3B of Schedule 1 to the Social Security Contributions and Benefits Act 1992 which has been approved by HM Revenue & Customs, for the transfer of Secondary NIC Liability.
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