LIFE OPTIONS Sample Clauses

LIFE OPTIONS. Based upon the life expectancy of the payee(s) unless otherwise specified. Proof of age required for payee and any joint payee required in the form of a birth certificate, driver’s license, or passport, together with proof of any name change. All life option elections are irrevocable.
Sample 1
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LIFE OPTIONS. Based upon the life expectancy of the payee(s) unless otherwise specified. All life option elections are irrevocable. ♦ Payments for life with the option of a minimum fixed period. The amount of the payments will depend upon your age, sex,* the amount applied under the option and the length of the fixed period that you choose. If you should die before the end of the fixed period, the remaining guaranteed payments will be made to your Contingent Payee(s) on the same schedule, or as a lump sum payment of the commuted value (if allowed by your policy contract). ♦ Joint and Survivor Payments for lives of joint payees with the full payment amount continuing for the life of the surviving payee. Payment amount will be determined by the age and sex* of each payee and by the amount applied under this option on the maturity date. There is no benefit to be paid to Contingent Payee(s) after the death of both payees. ♦ Joint and 1/2 Survivor Payments for the life of the primary payee, with 1/2 of the initial payment amount continuing thereafter for the remaining life of the joint payee, if surviving. Payment amount will be determined by the age and sex* of each payee and by the amount applied under this option on the maturity date. There is no benefit to be paid to Contingent Payee(s) after the death of both payees. ♦ Joint and 2/3 Survivor Payments for the lives of joint payees, with 2/3rds of the initial payment amount continuing thereafter for the remaining life of the surviving payee. Payment amount will be determined by the age and sex* of each payee and by the amount applied under this option on the maturity date. There is no benefit to be paid to Contingent Payee(s) after the death of both payees. ♦ Joint and Survivor, with minimum fixed period of 10 years. Payments for the lives of joint payees, with the full payment amount continuing for the life of the surviving payee, and with payments for a minimum of 10 years. Should both payees die within this ten-year period, the remaining guaranteed payments will be made to your Contingent Payee(s) on the same schedule, or in a lump sum payment of the commuted value (if allowed by your policy contract).
Sample 1

Related to LIFE OPTIONS

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Prior Options No prior options or rights of first refusal have been granted by Seller to any third parties to purchase or lease any interest in the Property, or any part thereof, which are effective as of the execution date.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Pay Options 16.1 All wages due shall be paid weekly directly into an employee’s nominated bank account.

  • Service Options The following features may be included with Customer Service. Description of Service feature herein in no way entitles customer to feature. Features described below may have additional cost associated with them.

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Layoff Options An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks:

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

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