Option Money. In payment for Owner’s grant of the Option, Optionee has paid or will pay Owner the following sums: (the “Option Money Payments”):
(1) Contemporaneously with the execution of this Option Agreement, Optionee has paid Owner the cash sum of $_______ mentioned in Section 1; and
(2) Contemporaneously with Optionee’s election to extend the Option term under Section 2, Optionee will pay Owner the cash sum of $_______.
Option Money. $150,000 of the Initial Xxxxxxx Money (the “Option Money”) shall be considered to be nonrefundable and will not be returned to Buyer for any reason except for a termination of this Contract under Section 10(b) or under Section 12(a)(i) or (ii).
Option Money. Employees who carry Single, Family Employee Paid, or no District insurance coverage are eligible for Option Money. Option Money is a reimbursable amount according to the following schedule: ● School year 2023-2024 $800 ● School year 2024-2025 $800 ● School year 2025-2026 $800 ● School year 2026-2027 $800 ● School year 2027-2028 $800 The parties agree to reopen negotiations regarding financial benefits should the State of Illinois implement a pension cost shift and/or property tax freeze. Reimbursement requests for Option Money must include certification that Option Money is the only funding vehicle for this expense. ● Single medical insurance premium ● Family medical insurance premium ● Family dental insurance premium Physical Examinations ● Exams ● Contact Lenses ● Glasses Related Expenses ● Hearing Aids ● Back Brace ● Orthotics ● Knee Brace ● Wigs ● Prosthetics ● Psychotherapy ● Chiropractic Services ● Acupuncture ● Smoke-free Programs ● Nutritional Counseling ● Homeopathic Medical Services Note: Other medically-related items and wellness programs will typically be approved by the Superintendent when accompanied by a doctor’s prescription and when it is not
Option Money. Employees who carry Single, Family Employee Paid, or no District insurance coverage are eligible for Option Money. Option Money is a reimbursable amount according to the following schedule: School year 2019-2020 $800 School year 2020-2021 $800 School year 2021-2022 $800 School year 2022-2023 $800 School year 2023-2024 $800 The parties agree to reopen negotiations regarding financial benefits should the State of Illinois implement a pension cost shift and/or property tax freeze. Reimbursement requests for Option Money must include certification that Option Money is the only funding vehicle for this expense. Insurance Single medical insurance premium Family medical insurance premium Family dental insurance premium Physical Examinations Vision Coverage Exams Contact Lenses Glasses Related Expenses Other medically related items (including but not limited to) Hearing Aids Back Brace Orthotics Knee Brace Wigs Prosthetics Therapy/Procedures Psychotherapy Chiropractic services Acupuncture Wellness Programs (including but not limited to) Smoke-free programs Nutritional Counseling Homeopathic Medical Services Note: Other medically related items and wellness programs will typically be approved by the Superintendent when accompanied by a doctor’s prescription and when it is not eligible for reimbursement under medical/dental insurance.
Option Money. In accordance with Paragraph 2 of the Option Agreement, Buyer has paid to Seller the sum of One Thousand Dollars ($1,000) in consideration for Seller granting the option to purchase the Property. The aforementioned sum is referred to in this Agreement as the "Option Money."
Option Money. Seller’s grant of the Option shall be in consideration of the following:
(i) Subject to Section 2(c) hereof, Buyer’s payment to Seller, on or before June 30, 2017 (the “Option Money Payment Date”) of the sum of $50,000.00.
(ii) Subject to Section 2(c) hereof, Buyer’s payment to Seller, on or before the date that is the first (1st) anniversary of the Option Money Payment Date, or if such anniversary date falls on a Saturday, Sunday or a holiday during which Buyer’s administrative offices are closed, on the next business day to occur, of the sum of $50,000.00.
(iii) Subject to Section 2(c) hereof, Buyer’s payment to Seller, on or before the date that is the second (2nd) anniversary of the Option Money Payment Date, or if such anniversary date falls on a Saturday, Sunday or a holiday during which Buyer’s administrative offices are closed, on the next business day to occur, of the sum of $50,000.00.
(iv) Subject to Section 2(c) hereof, Buyer’s payment to Seller, on or before the date that is the third (3rd) anniversary of the Option Money Payment Date, or if such anniversary date falls on a Saturday, Sunday or a holiday during which Buyer’s administrative offices are closed, on the next business day to occur, of the sum of $50,000.00.
(v) Subject to Section 2(c) hereof, Buyer’s payment to Seller, on or before the date that is the fourth (4th) anniversary of the Option Money Payment Date, or if such anniversary date falls on a Saturday, Sunday or a holiday during which Buyer’s administrative offices are closed, on the next business day to occur, of the sum of $50,000.00 (collectively, all sums paid or to be paid by Buyer pursuant to this Section 2(a), the “Option Money”).
Option Money. Tenant or its assign(s) shall pay to Landlord the a non-refundable amount of $__________ (“Option Money”), which shall be applied first to any assignment fee that Tenant may be entitled to through its assignment of its interest to any 3rd party assignee, with the balance being applied as a credit to the Option Price. The application of the Option Money will be more fully defined in the Option to Purchase Agreement.
Option Money. (a) Within three (3) business days following the Effective Date, Jupiter shall deposit with the metropolitan Atlanta, Georgia office of Escrow Agent (0000 Xxxxxxx Xxxxx, Xxxxx 000, Xxxxxxxx, Xxxxxxx 30067) the sum of TWO MILLION AND NO/100 DOLLARS ($2,000,000.00) (the "FIRST DEPOSIT") by wire transfer of immediately available funds.
(b) If Jupiter does not exercise the right to terminate this Agreement in accordance with Section 4.2 hereof, then Jupiter shall, on or before the Inspection Date (as defined in Section 4.2 hereof), deposit with such office of Escrow Agent the additional sum of ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) (the "SECOND DEPOSIT") by wire transfer of immediately available funds.
(c) The First Deposit and the Second Deposit, when and to the extent deposited, shall constitute option money and are herein referred to collectively as the "OPTION MONEY."
(d) Escrow Agent shall invest the Option Money pursuant to Jupiter's directions and in accordance with the terms and conditions of ARTICLE
Option Money. The monies paid by Lessee to Lessor herewith for this option created by this Agreement; said option money is to be paid in monthly installments of Four Thousand Five Hundred Eighty-three and 33/100's ($4,583.33) Dollars each commencing on the date of this Option Agreement and continuing monthly thereafter for the term of this option on the first day of each month (the "due date"). Should Lessee fail to make any monthly option payment as provided herein with five (5) days of its due date, the Lessor may elect to terminate this Option, and Lessee shall forfeit all rights hereunder including all option monies previously paid to Lessor.
Option Money. Upon the execution of this Agreement, Alien has simultaneously paid to NDSURTP, the sum of US $1,000.00 as “Option Money.” In order to keep the option operative, Alien shall pay to NDSURTP, the sum of $1,000.00 on or before November 1, 2003 and the first day of each month thereafter through the option term and until rent becomes payable under the Lease between the parties. Alien’s failure to timely remit these payments, and the continuation of such failure for 5 days following written notice from NDSURTP, shall render this option null and void and NDSURTP shall be entitled to retain all Option Money thereto paid.