Annual Payment Option Sample Clauses

Annual Payment Option. If you choose to automatically renew your Telematics Services subscription and to pay the Subscription Fee on an annual basis, we will charge your account in the amount of $ beginning on the Scheduled Expiration Date and annually thereafter, unless you cancel your Telematics Services subscription by calling us at 1-800-255-3987. If you purchased an annual Telematics Services subscription and it is cancelled for any reason, we will prorate the amount owed or to be refunded as of the date of cancellation, without any deductions. Any refund shall be processed immediately by us. If you provide us with your credit or debit card number, we will credit the amount of your refund to the card account you originally used to purchase the Service Plan. If either there is no valid credit or debit card number on file, or the card number on file for your account is different from the card against which the purchase was originally made, we will send you a check to the address we have on file for you in the amount to be refunded via U.S. mail.
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Annual Payment Option. 1. The prize amount of a Jackpot Prize winner electing the Annual Payment option shall be the Annuitized Jackpot Prize amount, as determined by the Mega Millions Lotteries, divided by the number of total Jackpot Prize
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Annual Payment Option. 1. The prize amount of a Jackpot Prize winner electing the Annual Payment option shall be the Annuitized Jackpot Prize amount, as determined by the Mega Millions Lotteries, divided by the number of total Jackpot Prize winning MM Plays and XX Plays in all Participating Lotteries. If a Jackpot Prize winner elects the Annual Payment option, his or her share of the Jackpot Prize will be paid in thirty graduated annual installments, each less applicable withholding taxes. The Florida Lottery will make the initial and any subsequent payments of a prize upon receipt of funds for such prize from MUSL. The initial payment shall be paid upon completion of internal validation procedures. The subsequent twenty-nine payments shall be paid annually to coincide with the month of the Federal auction date at which the bonds were purchased to fund the annuity. Payments shall escalate by a factor of five percent annually, and annual payments shall be rounded down to the nearest even one-thousand-dollar increment. All such payments shall be made within seven days of the anniversary of the annual auction date.
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Annual Payment Option. If payment is not received on or before July2, the discount will be forfeited. The family will be contacted by the school office within five working days of the late payment and alternative payment options will be offered. If this alternative is not honored, all tuition payments shall be made through FACTS Tuition Management.
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Annual Payment Option. If you choose to automatically renew your Telematics Services subscription and to pay the annual Subscription Fee on an annual basis, we will charge your account in the amount of $ plus applicable taxes beginning on the Scheduled Expiration Date and annually thereafter, unless you cancel your Telematics Services subscription by calling us at 1- 888-869-6828.Your continued use of the Service shall constitute your consent to any renewal. If you purchased a Telematics Services subscription and it is cancelled for any reason, we will prorate the amount owed or to be refunded as of the date of cancellation, without any deductions. Any refund shall be processed immediately by us. If you provide us with your credit or debit card number, we will credit the amount of your refund to the card account you originally used to purchase the Service Plan. There will be no prorated refund if you are paying for your Services on a month-to-month basis. Your services will continue until the end of the month in which you cancelled, and then the Service Plan will terminate.
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Annual Payment Option. At the sole election of Chiron, one or more monthly annuity payments otherwise due and payable to Green or his spouse during a calendar year may instead be paid in one annual installment before the end of that calendar year. However, such annual installment shall also include an interest component on each deferred monthly annuity payment at the rate of six percent (6%) per annum for the period between the date that monthly annuity payment would have otherwise become due and payable to Green or his spouse in the absence of Chiron's payment election hereunder and the actual date of payment.
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Related to Annual Payment Option

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Over Allotment Option 1.2.1. The Representative shall have the option (the “Over-Allotment Option”) to purchase all or less than all of an additional 1,500,000 Units (the “Option Units”) solely for the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units. Such Option Units shall, at the Representative’s election, be purchased for each account of the several Underwriters in the same proportion as the number of Firm Units set forth opposite such Underwriter’s name on Schedule A hereto (subject to adjustment by the Representative to eliminate fractions). Such Option Units shall be identical in all respects to the Firm Units. The Firm Units and the Option Units are hereinafter collectively referred to as the “Public Securities.” No Option Units shall be sold or delivered unless the Firm Units previously have been, or simultaneously are, sold and delivered. The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company. The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.80 per Option Unit.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

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