Availability of Options Clause Samples

The 'Availability of Options' clause defines the circumstances under which certain choices, alternatives, or features are accessible to the parties involved in an agreement. This clause typically outlines which options are available, any conditions or limitations on their use, and the process for selecting or exercising these options. For example, it may specify that a buyer can choose from a list of products or services, or that certain features are only available during a promotional period. Its core practical function is to ensure clarity and transparency regarding what options are on offer, thereby preventing misunderstandings and disputes about the choices available under the contract.
Availability of Options. We have the right to restrict these options if you designate an executor, administrator, trustee, corporation, partnership or association as the payee.
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Availability of Options. 23 Settlement ..................................................................................................23 CONTRACT MODIFICATION Modification of Tables
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Availability of Options. If any payment to be made under the elected option will be less than $50, the Company may make the payments in the most frequent interval which produces a payment of at least $50. The minimum amount that may be applied under a variable or fixed dollar method of payment option is $3,500. If the amount is less than $3,500, the Company may pay it in one sum, if such a payment is permitted by the Plan. The maximum amount that may be applied under any option is $1,000,000. For the application of any greater amount, the Company's consent is required.
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Availability of Options. If the amount to be applied under any Annuity Option is less than $5,000, such Annuity Option shall not be available. Settlement shall then be in a single sum. If an annuity payment to a payee would be less than $100, we may pay less often so that such payment will be at least $100. ALTERNATE ANNUITY OPTION Instead of the variable Annuity Options provided under this contract, you may choose an alternate amount and type of periodic installments for fixed annuity payments. Such alternate Annuity Options shall be based on the rates for fixed-dollar single premium immediate annuities being issued by us on the Annuity Payout Date. They may only be elected within 30 days before the Annuity Payout Date.
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Availability of Options. If the Joint Annuitant is not related to the Annuitant, you may not elect Joint and Survivor Life Annuity Option 2 unless we consent and then only if, based upon life expectancies, less than 50% of the amount so applied would accrue to the Joint Annuitant. If the amount to be applied under any annuity option is less than $2,000, such option shall not be available. Settlement shall than be in a single sum. If the first periodic payment to a payee would be less than $20, we may pay less often so that such payment will be at least $20. ALTERNATE ANNUITY OPTION Instead of the variable annuities provided under this contract, you may choose an alternate amount and type of periodic installments for fixed annuity payments. Such alternate annuity options shall be based on the rates for fixed dollar Single Premium Immediate Annuities being issued by us on the Annuity Payout Date. They may only be elected within 30 days before that date. -------------------------------------------------------------------------------- FORM NS-02-VA-07.1 NATIONAL SECURITY LIFE AND ANNUITY COMPANY PAGE 19 Any withdrawal of part or all of the contract value for settlement under an alternate annuity option will be exempt from any otherwise applicable Contingent Deferred Sales Charge if at least one of the following conditions is met: (1) If withdrawal is before the end of the second contract year, the annuity income must be payable for the lifetime of the Annuitant and Joint Annuitant, if any. (2) If withdrawal is during the third through fifth contract years, the annuity income must be payable over a period of not less than ten years, or payable over the lifetime of the Annuitant and Joint Annuitant, if any. (3) If withdrawal is after the fifth contract year, the annuity income must be payable over a period of not less than five years or payable over the lifetime of the Annuitant and Joint Annuitant, if any. BETTERMENT OF RATE AMOUNT The annuity benefits, at the time of their commencement, will not be less than those that would be provided by the application of the Betterment of Rates Amount to purchase any single consideration immediate annuity contract offered by us at the time of the same class of annuitants.
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Availability of Options. If the contingent annuitant is not related to the Annuitant, you may not elect Option 2 unless we consent and then only if, based upon life expectancies, less than 50% of the amount so applied would accrue to the contingent annuitant. If the amount to be applied under any annuity option is less than $5,000, such option shall not be available. Settlement shall than be in a single sum. If the first periodic payment to a payee would be less than $25, we may pay less often so that such payment will be at least $25. ALTERNATE ANNUITY OPTION Instead of the variable annuities provided under this contract, you may choose an alternate amount and type of periodic installments for fixed annuity payments. Such alternate annuity options shall be based on the rates for fixed dollar single premium immediate annuities being issued by us on the annuity payout date. They may only be elected within 30 days before that date. Any withdrawal of part or all of the contract value for settlement under an alternate annuity option will be exempt from any otherwise applicable contingent deferred sales charge if at least one of the following conditions is met:
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Related to Availability of Options

  • Availability of Shares During the term of this Option, the Company shall reserve for issuance the number of shares of Common Stock required to satisfy this Option.

  • Non-Availability of Funds The obligation of the RCO to make payments is contingent on the availability of state and federal funds through legislative appropriation and state allotment. If amounts sufficient to fund the grant made under this Agreement are not appropriated to RCO for expenditure for this Agreement in any biennial fiscal period, RCO shall not be obligated to pay any remaining unpaid portion of this grant unless and until the necessary action by the Legislature or the Office of Financial Management occurs. If RCO participation is suspended under this section for a continuous period of one year, RCO’s obligation to provide any future funding under this Agreement shall terminate. Termination of the Agreement under this section is not subject to appeal by the Sponsor.

  • Availability of Service We will use reasonable efforts to make the Service available for your use on a continuous basis. The Service may be unavailable for short periods of time for regular or emergency system maintenance. We will endeavor to have our scheduled maintenance occur during non-peak hours. In addition, accessibility to the Service may be interrupted because of conditions beyond our control, including outages in Internet, cellular or other communications availability. We will use diligent efforts to re-establish the Services as promptly as possible. We do not promise the Service will always be available for your use. We may elect to discontinue this Service at any time. If we choose to discontinue the Service, we will provide you with reasonable notice in advance of that fact. We reserve the right at all times to take actions to protect our systems and information, including denial of access to users of the Service.

  • Availability of Services CBT agrees not to discontinue or refuse to provide any service provided or required hereunder other than in accordance with the terms of this Agreement, or unless required by the Commission.

  • Transferability of Options During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.