Payment Option Two Clause Samples
The 'Payment Option Two' clause defines an alternative method for fulfilling payment obligations under an agreement. Typically, this clause outlines a specific schedule, amount, or manner in which payments can be made, such as installment plans, deferred payments, or payment through a different medium. By providing a secondary payment structure, it offers flexibility to the parties involved, accommodating varying financial circumstances and ensuring that payment terms are clear and mutually agreeable.
Payment Option Two. If the student expects to pay a portion of their housing costs with financial aid or loan proceeds, payment prior to the start of the term can be made for the difference between the student’s total housing charges and the amount of aid or loans expected. Please note that the Financial Aid Office can only provide funding confirmation if the student has fully completed the Financial Aid application process. If the student chooses the full pay option, either the full payment or full payment less verified financial aid/loan proceeds must be made prior to the start of the term.
Payment Option Two. Subject to the Article VII of the Plan, Participant shall receive one cash payment, as soon as administratively feasible after the Subject Fund's Termination Date, in an amount equal to the Investment Pool for the Subject Fund as of the Termination Date multiplied by (x) the Subject Interest, multiplied by (y) Participant's Vested Interest with respect to the Subject Interest.
Payment Option Two check mailed directly to you If you do nothing in response to this Notice, the Settlement Administrator will attempt to mail your share of the Settlement directly to you by check. Checks will be distributed only if and when the Court gives final approval to the Settlement and the Settlement becomes effective. Payments made directly by check are subject to automatic tax withholding and tax reporting, as determined by the Settlement Administrator. For additional information, see Item 6 below. You can object (no later than [DATE]) If you wish to object to any part of the Settlement, or to the requested Attorneys’ Fees and Costs, and Administrative Expenses, you must file and postmark your objection and any supporting documents with the Clerk of the Court, and mail copies to Class Counsel and Defense Counsel (as identified in Item 11, below), at least 21 calendar days before the Fairness Hearing. Please note that you will not be permitted to make an objection to the Settlement if you do not comply with the requirements for making objections. You can attend a hearing on [DATE] You may also attend the Fairness Hearing and speak at the Fairness Hearing on [DATE]. If you wish to attend the hearing and speak at the hearing, you must provide Class Counsel and Defense counsel (as identified in Item 11 below) with notice of your intent to appear postmarked at least 14 calendar days before the Fairness Hearing. Please note that you will not be permitted to speak at the Fairness Hearing if you do not comply with the requirements for making an objection.
Payment Option Two. If the Shares become registered under federal and applicable state securities laws within the 90-day trading period specified in condition (b) above, Purchaser may elect to sell a portion of the Shares on the following terms and conditions: