Opt-Out Option. If you previously opted in to Overdraft Protection, you may opt out of Overdraft Protection at any time by logging in to your account at xxxxx://xxx.xxxxxxxx.xxx or via the Mobile App. In general, your opt-out request will be effective immediately, and we will send you an email to confirm your opt-out request. If you opt out of Overdraft Protection, you will remain responsible for overdraft transactions, and any related overdraft fees and other applicable transaction fees, authorized prior to the effectiveness of your election to opt out of Overdraft Protection.
Opt-Out Option. Any Benefit Eligible Employee who can show proof of insurance coverage from another source may opt out of the Employer’s insurance plan. For those Employees who choose this option, the Employer will the Employee $3,100.00 annually. For part-time Benefit Eligible Employees entitled to pro-rated health insurance benefits, the Employer will compensate them a pro-rated amount of the $3,100.00. An employee may return to the Employer’s insurance plan through qualifying events or through open enrollment each year. If the allowable opt out formula amount is adjusted by the health insurance provider, then the opt-out payment shall be adjusted to reflect the maximum allowable amount.
Opt-Out Option. A unit member eligible for full-time medical benefits may decline medical insurance coverage, subject to CalPERS regulations and local District requirements. The District will pay an annual contribution of $3600.00 into a Health Reimbursement Arrangement (HRA) for each unit member selecting to decline medical coverage, provided the individual unit member certifies having alternative medical insurance coverage. This opt-out provision is not available to part-time unit members working less than 80%.
Opt-Out Option. Any employee who can show proof of minimum essential insurance coverage from any other source for themselves and any eligible tax dependents may opt out of the City insurance plan. For those employees who choose this option the City will compensate them $3100.00 annually. These employees may return to the City Insurance plan through qualifying events or through open enrollment each year. Payment will be made at the end of each calendar year. If an employee leaves employment prior to the end of the calendar year they shall receive a payment for the prorated portion of this payment. If the allowable opt out formula amount is adjusted by the Health Insurance provider the payment shall be adjusted to reflect the maximum allowable amount.
Opt-Out Option. Each Party may, on a Product-by-Product basis, exercise its Opt-Out Option with respect to any Collaboration Product by providing an Opt-Out Notice to the other Party during one of the following periods: (a) the period beginning with the [ * ] for such Collaboration Product and ending [ * ] later; (b) the period beginning with the [ * ] for such Collaboration Product and ending [ * ] later. In addition, Trubion may, on a Product-by-Product basis, exercise its Opt-Out Option with respect to any Collaboration Product by providing an Opt-Out Notice to Facet at any time after [ * ] after the [ * ] and prior to the [ * ] for such Collaboration Product. Each such Opt-Out Notice shall identify the Collaboration Product for which the Opt-Out Party is exercising the Opt-Out Option (the “Opt-Out Product”). If a Party is deemed to have exercised its Opt-Out Option pursuant to Section 14.2(b), all Collaboration Products shall be deemed Opt-Out Products and Royalty Products.
Opt-Out Option. Employees may elect to opt-out of the medical coverage provided they present documentation of active enrollment on employer-sponsored coverage, excluding the City of Lacey’s plans. Employees who do so will receive $250 per month. Provided that at no time the number of LPOG or LPMA employees electing to opt-out will exceed their percentage representation within the total employee census. This clause is to ensure that the City’s standing in the AWC Trust is not harmed. Underwriting rules prohibit more than 25% of the City’s employees from opting out of medical coverage. If the number of employees reaches the maximum, no new LPOG or LPMA employees will be allowed to elect the opt-out option until the number of participating LPOG and LPMA employees is below the maximum pro-rated amount. A waiting list will be created and as the number of employees drops below the maximum pro-rate amount, the employee will be contacted base on their position on the waiting list. Placement on the waiting list will be on a first come, first served basis.
Opt-Out Option a) Full-time employees who are not on the District’s medical insurance plan shall be paid Two Thousand Dollars ($2,000.00) per year to opt out of the plan. This payment will be made within thirty (30) days after the end of the plan year (July 1 – June 30). If an employee and/or his eligible Dependent(s) are covered under another plan and subsequently involuntarily lose such coverage, such individuals will not be considered Late Enrollees should they wish to enroll in this Plan. Such individuals will be eligible to enroll immediately in the Plan as of the date of loss of other coverage. Employees who enroll in the plan during the plan year after opting out shall receive a pro- rata payment. Part-time employees who opt out and are no longer on the plan shall receive a pro-rata payment.
b) This payment will not be made unless five (5) full-time employees opt out of the plan.
Opt-Out Option. (a) Servier has a right to opt-out from any Program in case Servier decides not to pursue such Program (the “Opt-Out Option”) as follows. Servier may exercise its Opt-Out Option within a period of [***] following the presentation by Cellectis to the JRDC of the corresponding Milestone Data (“Opt-Out Period”), by sending a written notification. In case the Opt-Out Option is exercised despite achievement of the Milestone by Cellectis as reviewed by the JRDC and validated by the JSC, all sums due for the achievement of such Milestone shall be paid by Servier to Cellectis.
(b) Subject to Section 3.3 “Right of First Refusal on a Candidate Product”, if Servier has exercised its right under the Opt-Out Option, the corresponding Candidate Product is considered as terminated under this Agreement. Consequently, such Program is considered as terminated and the rights granted by Cellectis to Servier under the corresponding Program shall automatically terminate and Cellectis shall have no further obligations towards Servier with respect to such Candidate Product. For sake of clarity, dispositions of Section 11.3 shall apply.
(c) At the end of the Opt-Out Period, if Servier has not exercised its Opt-Out Option, the payment corresponding to the Milestone validated by the JSC is due to Cellectis for the corresponding Candidate Product, and Cellectis shall continue further Development of the Candidate Product in accordance with this Section 3.
Opt-Out Option. A. If at any time during the performance of the Exploration Operations, expenditures exceeding the Maximum Carry Amount are required, Farmor shall have the option, which option shall be exercised no later than ten (10) days prior to the anticipated expenditure of the Maximum Carry Amount, to elect to either retain its Participating Interest in the Contract, or to assign one hundred percent (100%) of its Participating Interest to Farmee and retain a two percent (2%) overriding royalty interest (“ORRI”) in production in the Qinnan block. For purposes of clarification, the ORRI shall be equal to two percent (2%) of all gross revenues from the Qinnan block after reasonable and necessary cost recovery payments have been made. If CUCBM, or its successor CNPC, elects to participate at a level less than a net undivided thirty percent (30%) Participating Interest, or not to participate in the development of a CBM Field at all, Farmor’s ORRI shall remain at two percent (2%) of Farmee’s Participating Interest share in the Contract. After exercising its opt out rights hereunder, Farmor shall have no responsibility or liability to fund any exploration or development costs.
B. Upon the approval of an Overall Development Program, Farmor shall have the option, which option shall be exercised no later than sixty (60) days following notification to the Parties of Government approval of an Overall Development Program to elect either to retain its Participating Interest in the Contract, or to assign one hundred percent (100%) of its Participating Interest to Farmee and retain a five percent (5%) ORRI in production from the Qinnan block. For purposes of clarification, the ORRI shall be equal to five percent (5%) of all gross revenues from the Qinnan block after reasonable and necessary cost recovery payments have been made. If CUCBM, or its successor CNPC, elects to participate at a level less than a net undivided thirty percent (30%) Participating Interest, or not to participate in the development of a CBM Field at all, Farmor’s ORRI shall remain at five percent (5%). After exercising its opt out rights hereunder, Farmor shall have no responsibility or liability to fund any exploration or development costs in respect of periods after it exercises those rights.
Opt-Out Option. Team Members who have access to alternate health insurance coverage may elect to receive an “opt out option” payment of $250.00 in lieu of medical coverage during each annual open enrollment period. Team Members who select the opt-out option shall be required to provide proof of alternate health insurance coverage.
