Option 2 definition

Option 2. [ ] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.
Option 2. [X] Hours of Service Requirement. The Participant completes at least 1000 Hours of Service during the Plan Year. However, this condition will be waived for the following reasons (Check at least one): [X] The Participant's Death. [X] The Participant's Termination of Employment after having incurred a Disability. [X] The Participant's Termination of Employment after having reached Normal Retirement Age. [ ] This condition will not be waived.

Examples of Option 2 in a sentence

  • Initial Charge : Up to 3% Annual Charge : 0.75% For example – under Option 2 an investment of £100,000 will incur an initial charge of £2,000 at 2% - the minimum charge is £1,500, and an annual charge to review of £750 at 0.75%.

  • Option 2: An audit of the annual financial report for each of the fiscal years ending June 30, - (Year 1) and June 30, - (Year 2).

  • An Advance Notice selecting an Option 2 Pricing Period shall be deemed delivered on (i) the day it is received by the Investor if such notice is received by e-mail at or before 9:00 a.m. New York City time (or at such later time if agreed to by the Investor in its sole discretion), or (ii) the immediately succeeding day if it is received by e-mail after 9:00 a.m. New York City time.


More Definitions of Option 2

Option 2. No data, know-how or information of [NAME OF THE PARTY] shall be Needed by another Party for implementation of the Project (Article 25.2 Grant Agreement) or exploitation of that other Party’s Results (Article 25.3
Option 2. [ ] Yes, but only with respect to a Participant's Nondeductible Employee Contributions.
Option 2. [ ] All Contributing Participants who make Elective Deferrals. NOTE: If no option is selected, Option 1 will be deemed to be selected.
Option 2. [ ] Age ______ (not less than 55 nor more than 65).
Option 2. One pre-financing payment in two instalments, with or without a progress report.
Option 2. [ ] The Employee's Compensation for the whole of such Plan Year.
Option 2. [X] The calendar year.