Optional Form of Payment Clause Samples
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Optional Form of Payment. Contractor shall pay interest on all payment in arrears due ▇▇▇ ▇▇▇▇▇▇▇ at the rate of ten percent (10%) per annum. ▇▇▇ ▇▇▇▇▇▇▇ may, at the time for each payment and at his sole option, elect to receive all or a portion of said fees in the form of securities equity, or financing instruments issued by Contractor to ▇▇▇ ▇▇▇▇▇▇▇ on terms agreed upon by Contractor and ▇▇▇ ▇▇▇▇▇▇▇ in writing. Initial Initial ---------- ----------
4.4 Extraordinary Expenses. Extraordinary expenses of ▇▇▇ ▇▇▇▇▇▇▇ shall be submitted to Contractor for approval prior to expenditure and shall be paid by Contractor, within ten (10) business days of receipt of ▇▇▇ ▇▇▇▇▇▇▇'▇ request for payment.
Optional Form of Payment. A Participant may elect, not later than 6 months before his termination of employment with the Company and all Affiliates, to have his Annual Retirement Benefit paid in the form of a Joint and 50% Survivor Annuity, which shall be the Actuarial Equivalent of the Participant's Annual Retirement Benefit payable in the form of a Single Life Annuity. Notwithstanding any such election, if a Participant who has elected a Joint and 50% Survivor Annuity is not married on the date of his termination of employment, his benefit shall be paid in the form of a Single Life Annuity.
Optional Form of Payment. LDWD may, at the time for each payment and at its sole option, elect to receive all or a portion of said fees in the form of securities, equity, or financing instruments issued by Contractor to LDWD on terms agreed by Contractor in writing.
Optional Form of Payment. In lieu of the Normal Form provided by the foregoing provisions of this Paragraph 2, with the consent of the Bank, the Director may elect in advance an optional form of payment which is the Actuarial Equivalent of the Normal Form to which the Director is entitled, which optional form of payment may be a lump sum or a life annuity with 120 monthly benefits guaranteed. Such election shall be made within 30 days of the date of this Agreement.
Optional Form of Payment. TCC may, at the time for each payment and its' sole option, elect to receive all or a portion of said fees in the form of securities equity, or financing instruments issued by Client or Client's Clients to TCC on terms agreed upon by Client in writing.
Optional Form of Payment. If permitted by the Employer, the Participant may select an optional form of payment for each Qualifying Distribution Event. The benefit payable under an optional form shall be the Actuarial Equivalent of the Normal Form of the Vested Accrued Benefit.
(a) Separation from Service on or after the Early Retirement Date (or Separation from Service on or after the Normal Retirement Date if early retirement is not permitted)
(i) The Employer does not permit optional forms. Benefits are distributed according to the Normal Form.
Optional Form of Payment. In lieu of the lump sum payment described in Section 7(a), Executive may elect to receive his benefit under this Agreement in any one of the optional forms of payment permitted under the Qualified Plan. However, an election is valid under this Section 7(b) only if it is made at least one year before Executive's termination from employment. An optional form of payment shall be the Actuarial Equivalent of the single life annuity calculated under Section 3, 4, or 5 (whichever is applicable).
Optional Form of Payment. Centex may, at the time for each payment and at its' sole option, elect to receive all or a portion of said fees in the form of securities, equity, or financing instruments issued by Company to Centex on terms agreed upon by Company in writing.
Optional Form of Payment. HAMPTON may, at the time for each payment and at its' option, elect to receive all or a portion of said fees in the form of securities, equity, or financing instruments issued by Contractor to HAMPTON on terms agreed by Contractor in writing.
Optional Form of Payment. A Participant or his Beneficiary, as the case may be, may elect to receive distribution of his Merger Benefit through the purchase of a single premium, nontransferable annuity contract for such term and in such form as the Participant, or his Beneficiary, if the Participant has died shall select, including a 75% joint and survivor annuity contract, subject to the provisions of Section A.5; provided, however, that a Participant’s Beneficiary may not elect to receive distribution of an annuity payable over the joint lives of the Beneficiary and any other individual. The terms of any annuity contract purchased hereunder and distributed to a Participant or his Beneficiary shall comply with the requirements of the Plan.
15. Effective as of January 1, 2007, Section A.7 of the Addendum Re: Annuity Form of Payment to the Trust Agreement is hereby amended in its entirety to read as follows: