Available Payment Options Sample Clauses
The 'Available Payment Options' clause defines the methods by which a party can fulfill its payment obligations under the agreement. It typically lists acceptable forms of payment, such as credit card, bank transfer, check, or online payment platforms, and may specify any conditions or restrictions associated with each method. By clearly outlining the permitted payment options, this clause ensures both parties understand how payments can be made, reducing confusion and minimizing disputes over payment methods.
Available Payment Options. Subject to the mandatory cash-out of small amounts provided in Section 8.10, a Retired, Deceased or Disabled Participant’s Account balance shall be distributed by the Trustees under such of the following payment options as the Participant (or, if a Deceased Participant shall have failed to select a payment option, as his Beneficiary) shall determine:
(a) Lump sum payment;
(b) Deferred payments in installments in any amount from time to time or over a period of time specified by the Participant, including installment payments in substantially equal amounts;
(c) Purchase of a term annuity contract from a commercial insurance company with payments for a term certain in regular installments; or
(d) Purchase of a single-life or Qualified Joint and Survivor Annuity contract from a commercial insurance company with payments for the life of the Participant or the life of the Participant and his or her Surviving Spouse. Election of a single life annuity by a married Participant and revocation of Qualified Joint and Survivor Annuity are subject to the Spousal Consent Rules of Section 8.6.
Available Payment Options. ● While My Kids Place accepts cash, check, debit and credit cards for payment of services, copays and coinsurance amounts, a debit or credit card must be kept on file to cover any charges for no-show/late cancellations. ● Payment is due and payable, in full, at the time services are rendered, unless other arrangements are made prior to receiving these services. This includes any coinsurance, copays, and any other share-of-cost fees. If payment is not received at the time of service, a bill will be issued or your card on file will be charged. It is your responsibility to be aware of the amount and to pay all copays associated with the services provided. ● There is a $25.00 charge which will be added to your account for each check returned to us by the bank.