EARLY PAYMENT OPTION Sample Clauses

EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [x] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance.
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EARLY PAYMENT OPTION. (a) A Participant who has attained age 59-1/2 and who has not separated from Service [X] may [ ] may not obtain a distribution of his or her vested Employer contributions.
EARLY PAYMENT OPTION. At the request of the Seller the Buyer is entitled to pay a part of the funds in advance, even in the event of the Seller’s delay with delivery of partial deliverables to which the funds are actually pertaining. This option available to the Buyer may be exercised at his discretion, and in doing so the Buyer shall take into account (i) the value of the completed part of the Object of Purchase and the course of the handover procedure; (ii) the Seller’s plan submitted to the Buyer describing the Seller’s steps for prompt completion of the partial deliverables with which he may be in delay, as well as other follow-on deliveries as well as any risks associated with late payments in relation to the follow-on deliveries. The purpose of this Buyer’s option is to enable the Seller to proceed with his performance in order to fulfil his obligation to deliver the Object of Purchase while maintaining the appropriate standard of public funds management entrusted to the Buyer in accordance with the so-called “private debtor/creditor” principle. A payment of the amounts invoiced shall be understood to be effected on the day on which it was remitted to the Seller’s account, i.e. the invoice shall be considered to be paid for on the day when the invoiced amount is deducted from the Buyer’s account on behalf of the Seller’s account. The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller pursuant to this Contract shall, in accordance with relevant legislation, contain particularly the following data: business name / name and registered office of the Buyer; tax identification number of the Buyer; business name / name and registered office of the Seller; tax identification number of the Seller; serial number of the tax document; scope and subject-matter of the performance, i.e. quantity (extent) and nature of performance supplied or services rendered (including the reference to this Contract); date of issue of the tax document; date of the supply of goods or services or date of receipt of the payment on account, whichever comes sooner, in so far as they differ from the date of issue of the tax document – invoice; due date (payment deadline); price of the performance provided; number of the Buyer’s order; and a declaration that the invoiced performance is provided for the purposes of the project “Facility for Antiproton and Ion Research - participation of the Czech Repub...
EARLY PAYMENT OPTION. A Participant who separates from Service prior to retirement, death or Disability may make application to the Employer requesting an early payment of his or her vested account balance. Amounts under $3,500 [X] will [_] will not be cashed out immediately.
EARLY PAYMENT OPTION. At the request of the Seller the Buyer is entitled to pay a part of the funds in advance, even in the event of the Seller’s delay with delivery of partial deliverables to which the funds are actually pertaining. This option available to the Buyer may be exercised at his discretion, and in doing so the Buyer shall take into account (i) the value of the completed part of the Object of Purchase and the course of the handover procedure;
EARLY PAYMENT OPTION. A school can pay a student before the beginning of a payment period if the student’s already registered for that payment period. The earliest a school can disburse a Pell is 10 days before the first day of classes in the payment period. Remember that in a clock-hour program or a nonterm or nonstandard term credit-hour program, the school can’t pay a student until he or she’s completed the coursework for the previous payment period (see Chapter 2 of this publication). If the school disburses the Pell before the payment period begins, but the student never actually begins attending any classes, the school must return the money to the Pell account. (If the student begins attending some but not all of his or her classes, the school may have to recalculate the award—see Chapter 5.)
EARLY PAYMENT OPTION. XXXXXX shall have the option beginning February 1, 2005 to request a lump-sum payment of all remaining amounts due under paragraph 1 above for a 10% discount to MIKOHN. XXXXXX shall exercise his option hereunder by requesting same in writing, and MIKOHN shall pay XXXXXX the remaining amounts owed less the discount within thirty (30) days thereafter. Upon election of this provision by XXXXXX, the benefits provided in paragraph 4 below will immediately cease, as will the membership dues payable in paragraph 5 below. Further upon this election, XXXXXX shall have the opportunity to receive title to the Anthem Country Club Membership referenced in paragraph 5.
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EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [X] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance. (b) A Participant who has not separated from Service [ ] may [X] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested. (c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [ ] may [X] may not receive a distribution of his or her vested account balance.
EARLY PAYMENT OPTION. The Employer may allow early distributions at age 59-1/2 without separation from service by choosing (a), or at normal retirement age without separation from service by selecting (b). If these options have been permitted in the past, the Employer must continue to allow them.
EARLY PAYMENT OPTION. (a) A Participant who has attained age 591/2 and who has not separated from Service [x] may [ ] may not obtain a distribution of his or her vested Employer contributions. (b) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [x] may [ ] may not receive a distribution of his or her vested account balance. NOTE: If the Participant has had the right to withdraw his or her account balance in the past, this right may not be taken away. Notwithstanding the above, to the contrary, required minimum distributions will be paid. For timing of distributions, see item 20 below. 20. DISTRIBUTION OPTIONS (a) Timing of Distributions: In cases of termination benefits shall be paid: ý (i) As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable. ý (ii) As soon as administratively feasible, following the date on which a distribution is requested or is otherwise payable. o (iii) Only after the Participant has achieved the Plan's Normal Retirement Age, or Early Retirement Age, if applicable. If no answer is specified, option (ii) will apply. (b) Optional Forms of Payment: ý (i) Lump Sum. o (ii) Installment Payments. ý (iii) Other form(s)* as specified: See Attached Addendum If no answer is specified, option (i) will apply. 13 * Annuities are only available in either a nonsafe-harbored Plan which does not meet the provisions of paragraph 8.7 of Basic Plan Document #04 or in a Plan which previously offered annuities as an optional form of payment. 21. SPONSOR CONTACT The Sponsor of this Prototype Plan is Prudential Mutual Management, Inc., Xxx Xxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. Any questions regarding this Prototype Plan document may be directed to your Prudential Representative. You may also call Prudential Mutual Fund Services at (000) 000-0000.
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