Cash Option definition

Cash Option has the meaning set out in Section 2.1(a);

Cash Option. The Board shall provide a cash option in lieu of health benefits. The amount of the cash option shall be $250 per month in an adopted, qualified plan which complies with Section 125 of the Internal Revenue Code. The monthly amount will increase to three hundred dollars ($300) if the number of employees not enrolling in health insurance increases to 30 or above. The number of employees not taking health insurance will be calculated once a year on January 1.

Cash Option means a provision in any Contract which provides for the application of interest payments theretofore made by the related Obligor against the Outstanding Principal Balance of the related Receivable if such Obligor shall pay the Outstanding Principal Balance (less the interest to be so credited) on or prior to the end of the related Cash Option Period.

Examples of Cash Option in a sentence

• Permanent Intermittent (PI) employees may only participate in the Pre-Tax Premium and/or the Cash Option for medical and/or dental insurance.

• The owner may choose one of two available death benefit options -- the Cash Option or the Protection Option.

• If the owner fails to make an election, the Cash Option will be in effect.

• PI's choosing the Cash Option will qualify if they work at least one-half time, have an appointment for more than six months, and receive credit for a minimum of 480 paid hours within the six month control period of January 1 through June 30 of the plan year in which they are enrolled.

• XX's choosing the Cash Option will qualify if they work at least one-half time, have an appointment for more than six months, and receive credit for a minimum of 480 paid hours within the six month control period of January 1 through June 30 of the plan year in which they are enrolled.

More Definitions of Cash Option

Cash Option means the manner in which the "Top Prize" or "Second Prize" may be paid upon the winner's request in one single cash payment as an alternative to the "Annuitized Payment Option." "Lump Sum Cash Payment" shall mean the manner in which the "Top Prize" or "Second Prize" is required to be paid in one single cash payment when the liability limit is exceeded and no "Annuitized Payment Option" is available, as set forth in this rule.

Cash Option means you pay for the Unit and its installation on the Effective Date and thereafter pay a monthly Service fee;

Cash Option means that the manner in which the Jackpot Prize shall be paid is an initial cash payment followed shortly thereafter by a lump sum cash payment for the remaining portion of the Jackpot Prize. Refer to Section H.4.b (“Prize Structure”).

Cash Option shall have the meaning given in Section 4.2(a)(iii).

Cash Option means the alternative available to Shareholders under the Enhanced Arrangement to elect to receive $34.00 in cash for each Common Share held subject to pro-ration;

Cash Option means the option offered to holders of General Unsecured Claims and Trade Vendor Claims to forego the Equity Option and instead receive a payment in Cash, as set forth in Sections 4.3(d) and (e) of the Plan.

Cash Option means $15.60;