Option Two Clause Samples
The "Option Two" clause establishes an alternative choice or method within a contract, allowing parties to select a specific course of action from multiple options provided. In practice, this clause might specify a different payment schedule, delivery method, or dispute resolution process compared to other options outlined in the agreement. Its core function is to provide flexibility and accommodate varying needs or preferences, ensuring that the contract can be tailored to suit the particular circumstances of the parties involved.
Option Two. The Trustee(s) are authorized to sell, convey, pledge, mortgage, lease, encumber, or transfer title to any Trust assets with the following limitations: (List any limitations)
Option Two. In the event that the complainant is not be satisfied with the outcome, he/she may submit a formal complaint in writing. As an alternative to the Option One informal complaint, the complainant may opt to go directly to the formal second stage. The formal written complaint must be received by the Registrar within 10 business days of the complainant receiving feedback. The formal complaint will be reviewed and addressed within three (3) business days and a response will be provided to the complainant within five (5)
Option Two a. Contractor shall provide information to County so that County may ▇▇▇▇ applicable other third-parties before billing Medi-Cal for services provided by Contractor through this Agreement. The amount of any such third- party payment shall be deducted from the total actual costs for all services rendered by Contractor as reflected on the Cost Report as defined in Paragraph K. of this Exhibit B. County accepts no financial responsibility for services provided to beneficiaries where there is a responsible third party payor, and to the extent that County inadvertently makes payments to Contractor for such services rendered, County shall be entitled to recoup such reimbursement through the Cost Report reconciliation.
b. Contractor shall provide a copy of the completed Payor Financial Form (Attachment D) and subsequent annual updates for all clients who receive services through this agreement. For clients who begin to receive services during the term of this Agreement, completed Payor Financial Forms shall be provided to the County with client registration forms. For clients who were receiving services prior to the start date of this Agreement and who continue to receive services through this Agreement, completed Payor Financial Forms are due within ten (10) days of the end of the first month of the Agreement.
Option Two. (i) Annual payments of thirty percent (30%) of the employee’s pre-retirement regular annual salary until the end of the month of the employee’s 65th birthday; and
(ii) Participation in the University’s benefit plans as per Clause 41.02.
Option Two. All sick leave accumulates and upon retirement and completion of ten (10) years of employment with the CITY, the employee may receive payment for one-half (1/2) of any accumulated but unused sick leave up to a maximum of six hundred (600) hours and receive service credit for the remainder OR may choose to convert the entire balance of their sick leave to service credit. Under either option, the value of unused sick leave is calculated at the regular rate of pay at the date of the buyback.
Option Two a. Contractor shall provide information to County so that County may ▇▇▇▇ applicable/eligible other third-parties for services provided by Contractor through this Agreement. County shall retain these revenues and shall not offset these revenues against payments to Contractor.
b. Contractor shall provide a copy of the completed Payor Financial Form (Attachment D) and subsequent annual updates for all clients who receive services through this agreement. For clients who begin to receive services during the term of this Agreement, completed Payor Financial Forms shall be provided to the County with client registration forms. For clients who were receiving services prior to the start date of this Agreement and who continue to receive services through this Agreement, completed Payor Financial Forms are due within ten (10) days of the end of the first month of the Agreement.
Option Two. The bus driver will be eligible for an extra run. The extra run will be assigned in the order of rotation used in the last extra run schedule.
Option Two. The employee's full entitlement in weekly segments outside the Prime Period. An employee who selects Option Two may choose his entitlement in any manner and this selection shall be considered as a complete and final choice. An employee may elect to specify that he will be taking one week's vacation one day at a time outside the Prime Period as outlined in 28:07 (b).
Option Two. An employee eligible for the lump sum payment in Article 20.1.2 who retires on or before June 30, 2023 may, in lieu of the lump sum payment, elect a District paid monthly contribution of three hundred seventy-five dollars ($375.00). During the term of this contract, the District and Association agree to the use of the insurance reserve fund in section 17.6 in the amount of twenty-five ($25.00) per month as additional dollars for retiree insurance unless the JBC agrees to change the amount contributed from the insurance reserve fund. Under no circumstances will the District make premium payments for an employee’s spouse who reaches sixty- five (65) years of age or qualifies for Federal Social Security Medicare coverage, whichever occurs first. However, if the employee qualified for a District-paid insurance contribution under section 20.3.6.2 or under section 20.3.7.3, then the thirty-six (36) months of eligibility for the District insurance contribution shall be tolled until the month following termination of the re-employed retired employee. If an eligible employee waives the District retiree insurance program, then the District’s insurance contribution will not be made during the term of the waiver. The District and the classified insurance reserve fund will not make any contributions to an employee or spouse under the terms of this paragraph after June 30, 2026. Article 20.1.2.1 expires at midnight on June 30, 2026.
Option Two. Third party infringement [alternative]