Basic Option definition

Basic Option means an Option granted to a Non-Employee Director pursuant to Section 6.3.
Sample 1Sample 2Sample 3
Basic Option shall have the meaning set forth in Section 2.1.
Sample 1
Basic Option means an option designated as such by the Remuneration Committee prior to the Grant Date;
Sample 1

Examples of Basic Option in a sentence

  • Under Basic Option, you must use Preferred providers to receive benefits.

  • We give you a choice of enrollment in a Standard Option or a Basic Option Plan.HMOs emphasize preventive care such as routine office visits, physical exams, well-baby care, and immunizations, in addition to treatment for illness and injury.

  • Under a Self Only enrollment, the deductible is considered satisfied and benefits are payable for you when your covered expenses applied to the calendar year deductible for your enrollment reach $750 under Basic Option.

  • Under a Self Plus One enrollment, the deductible is considered satisfied and benefits are payable for you and one other eligible family member when the combined covered expenses applied to the calendar year deductible for your enrollment reach $1,500 under Basic Option.

  • If no PPO (Preferred) provider is available, or you do not use a PPO (Preferred) provider, non-PPO (Non-preferred) benefits apply.Under Basic Option, you must use Preferred providers in order to receive benefits.

  • We give you a choice of enrollment in a High Option, Standard Option or a Basic Option Plan.HMOs emphasize preventive care such as routine office visits, physical exams, well-baby care, and immunizations, in addition to treatment for illness and injury.

  • The amount of copayment will depend upon whether you are enrolled in the Standard or Basic Option, the type of provider, and the service or supply that you receive.You pay a primary care provider copayment when you visit any primary care provider as described in Section 3, How you get care.

  • Copayments do not count toward any deductible.• We do not have a calendar year deductible for the Standard Option.• The Basic Option calendar year deductible is $750 per person.

  • Plan and Network OptionsThe Standard Option utilizes the SWHP HMO Network.The Basic Option utilizes the BSW Preferred HMO Network.Standard Option Eligibility AreaTo enroll in this Option, you must live in or work in one of the counties listed below.

  • For Members enrolled in Basic Option:Benefits are not available for inpatient Skilled Nursing Facility (SNF) care for individuals enrolled in Basic Option.


More Definitions of Basic Option

Basic Option has the meaning accorded such term in Section 2.03.
Sample 1

Related to Basic Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.4(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Director Option means an Option granted pursuant to Section 6.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(f);

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Optioned Stock means the Common Stock subject to an Option.

  • Option means a stock option granted pursuant to the Plan.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Employee Option means an Option granted pursuant to Section 5.