CHOICE OF OPTIONS Sample Clauses

A Choice of Options clause grants one or both parties the ability to select from a set of predefined alternatives within a contract. In practice, this might allow a party to choose between different methods of performance, remedies, or payment structures, depending on circumstances that arise during the contract term. The core function of this clause is to provide flexibility and adaptability, ensuring that the parties can respond to changing needs or unforeseen events without renegotiating the entire agreement.
CHOICE OF OPTIONS. The document has been designed to cover a range of decisions which the Husband-to-Be and Wife-to-Be may make regarding the scope of matters to be submitted for determination to the ▇▇▇▇ Din. These alternatives are set forth in Section II. The Tenaim Achronim will be valid whether or not any of the alternatives are chosen. If none of such alternatives are chosen, the ▇▇▇▇ Din will decide matters relating to the get, as well as any issues arising from this Agreement or the ketubah or the tenaim. Parties who wish greater certainty as to possible future divisions of property (for example, persons with substantial assets at the time of marriage or persons interested in taking advantage of the particular decisions of a state where they will be married) should sign a standard prenuptial agreement with the advice of counsel and incorporate this arbitration agreement by reference.
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CHOICE OF OPTIONS. You may choose an option by Written Notice during the Insured’s lifetime. If a payment option is not in effect at the Insured’s death, the Beneficiary may make a choice.
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CHOICE OF OPTIONS. The document has been designed to cover a range of decisions which the Husband-to-Be and Wife-to-Be may make regarding the scope of matters to be submitted for determination to the ▇▇▇▇ Din. These alternatives are set forth in Section IV. The Tenaim Achronim will be valid whether or not any of the alternatives are chosen. If none of such alternatives are chosen, the ▇▇▇▇ Din will decide matters relating to the get, as well as any issues arising from this Agreement or the ketubah or the tenaim. The Uniform Marriage and Divorce Act Section 307 is a general statement of the principles of equitable distribution or community property proposed as a model law. It is not the law of any particular state. Parties who wish greater certainty as to possible future divisions of property (for example persons with substantial assets at the time of marriage or persons interested in taking advantage of the particular decisions of a state where they will be married) should sign a standard prenuptial agreement with the advice of counsel and incorporate this arbitration agreement by reference.
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CHOICE OF OPTIONS. You may choose an option by written notice during the Annuitant’s lifetime. If an option for payment of proceeds is not in effect at the Annuitant’s death, the beneficiary may make a choice.
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CHOICE OF OPTIONS. The document has been designed to cover a range of decisions that the Husband and Wife may make regarding the scope of matters to be submitted for determination to the ▇▇▇▇ Din. These alternatives
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CHOICE OF OPTIONS. The document has been designed to cover a range of decisions which the Husband and Wife may make regarding the scope of matters to be submitted for determination to the ▇▇▇▇ Din. These alternatives are set forth in Section IV. The agreement will be valid whether or not any of the alternatives are chosen. If none of such alternatives are chosen, the ▇▇▇▇ Din will decide matters relating to the get, as well as any issues arising from this Agreement or the ketubah or the tenaim. The Uniform Marriage and Divorce Act Section 307 is a general statement of the principles of equitable distribution or community property proposed as a model law. It is not the law of any particular state. Parties who wish greater certainty as to possible future divisions of property (for example persons with substantial assets at the time of marriage or persons interested in taking advantage of the particular decisions of a state where they will be married) should sign a standard prenuptial agreement with the advice of counsel and incorporate this arbitration agreement by reference.
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CHOICE OF OPTIONS. The owner may choose to have the proceeds of this policy paid under a payment option. After the annuitant's death, the beneficiary may choose an option if the owner had not done so before the annuitant's death. If no payment option is chosen, we will pay the proceeds of this policy in one sum. We may also fulfill our obligation under this policy by paying the proceeds in one sum if: a) the proceeds are less than $2,000; b) periodic payments become less than $20; or c) the payee is an assignee, estate, trustee, partnership, corporation, or association.
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CHOICE OF OPTIONS. The document has been designed to cover a range of decisions which the Husband-to-Be and Wife-to-Be may make regarding the scope of matters to be submitted for determination to the ▇▇▇▇ Din. These alternatives are set forth in Section IV. The agreement will be valid whether or not any of the alternatives are chosen. If none of such alternatives are chosen, the ▇▇▇▇ ▇▇▇ will decide matters relating to the get, as well as any issues arising from this Agreement or the ketubah or the tenaim. The Uniform Marriage and Divorce Act Section 307 is a general statement of the principles of equitable distribution or community property proposed as a model law. It is not the law of any particular state. Parties who wish greater certainty as to possible future divisions of property (for example persons with substantial assets at the time of marriage or persons interested in taking advantage of the particular decisions of a state where they will be married) should sign a standard prenuptial agreement with the advice of counsel and incorporate this arbitration agreement by reference.
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Related to CHOICE OF OPTIONS

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Optionee may not exercise the Options to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date; (b) The tenth anniversary of the Grant Date if the Optionee's employment is terminated by reason of death or Permanent Disability; (c) The first anniversary of the date of the Optionee's termination of employment by reason of Retirement, by the Company or any of its Subsidiaries without Cause (other than by reason of Permanent Disability) or by the Optionee for Good Reason; (d) The date of an Optionee's termination of employment with the Company or any of its Subsidiaries by the Optionee for any reason other than as set forth in Section 3.2(b) or (c) above (without regard to Section 5 or 6 of the Management Stockholder's Agreement); (e) The date of an Optionee's termination of employment by the Company or any of its Subsidiaries for Cause; (f) The date the Option is terminated pursuant to Section 5 or 6 of the Management Stockholder's Agreement; or (g) If the Committee so determines pursuant to Section 9 of the Plan, the effective date of either the merger or consolidation of the Company into another Person, or the exchange or acquisition by another Person of all or substantially all of the Company's assets or 80% or more of its then outstanding voting stock, or the recapitalization, reclassification, liquidation or dissolution of the Company. At least ten days prior to the effective date of such merger, consolidation, exchange, acquisition, recapitalization, reclassification, liquidation or dissolution, the Committee shall give the Optionee notice of such event if the Option has then neither been previously fully exercised nor become unexercisable under this Section 3.2.

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

  • 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.

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • Grant of Options Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant a NON-QUALIFIED STOCK OPTION (the “Option”) with respect to ___________ shares of Common Stock of the Company.