Under Option definition

Under Option. A the Death Benefit shall be the greater of the Death Benefit Standard or the following: 1. the Face Amount on the date of the Insured's death; less 2. the amount of any Monthly Deductions then due; less 3. any debt to us on this policy.
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Under Option. A the Death Benefit shall be the greater of the Death Benefit Standard or the following:
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Examples of Under Option in a sentence

  • Under Option 5, Annuity Payments are made to the Annuitant and in the event of the Annuitant's death, to the Designated Beneficiary.

  • Under Option 2, withdrawal of the residue will not affect any payments that may become due after the certain period; the value of those payments cannot be withdrawn.

  • Participant and Company acknowledge that place in the Programme is only secured when full payment has been made.

  • Under Option 1, there will be a ninety (90) minute teacher-directed instruction overlap time.

  • Under Option K, the applicable payment option rate will be based on the number of payments to be made during the specified period and the Assumed Investment Rate.

  • Under Option K, the payment option rate will be based on the number of payments to be made during the specified period and the Assumed Investment Rate.

  • D4.04 Under Option 1, weekly pay shall be calculated by dividing gross straight time earnings over the 12 months immediately preceding the day on which the employee was first absent due to the current disability (including extra shifts, shift premiums, weekend premiums and responsibility pay but excluding overtime, education allowance, general holiday pay and Yukon Bonus) by 52.176.

  • Under Option 1, the level death benefit option, the amount at risk decreases as the cash value accumulates.

  • Under Option A or B, the purchase price shall be objectively determined by Lessor by using the projected fair market sales value of the Equipment as of such expiration date plus, for Equipment under Option A, any recapture of investment tax credit and any tax due thereon.

  • Under Option I, the unit member must file a suitable bond indemnifying the District for any salary paid to the unit member during the period of grant leave in the event said unit member fails to return and to render twice the time approved for the grant leave in the District following the completion of the grant leave.

Related to Under Option

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.