Common use of Availability of Options Clause in Contracts

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.

Availability of Options. If any payment to be made under the elected option Method of Payment 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 Method of payment option Payment 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.