Option Benefits definition

Option Benefits means any and all amounts realized from the acquisition or disposition of Shares acquired pursuant to the Option, including any sales proceeds and/or dividends.
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Option Benefits shall have the meaning set forth in Section 2.1(c).
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Examples of Option Benefits in a sentence

  • DRI may deposit funds with the trustee of such trust to provide the Deferred Benefits or Deferred Stock Option Benefits to which Participants and Beneficiaries may be entitled under the Plan.

  • DEFERRED RETIREMENT OPTION PROGRAM(DROP) RESERVE represents funds reserved for Deferred Retirement Option Benefits accumulated by members and retirees.

  • CashTable 3: NPV of Solar Finance Option Benefits Against Business as Usual (Remain on Utility Power) – Case 1 ($MM) For business owners, the financing decision is analogous to a typical residential purchasing decision on a house and looking to minimize payments: cash flow is a very important consideration.

  • Special features 85 Consumer Driven Health Plan/Value Option Benefits 89 Consumer Driven Health Plan/Value Option Overview 91 Section 5.

  • Terminal leave is defined as “any paid leave of absence extending over a fixed period when such leave terminates on the effective date of the employee’s retirement from employment with Escambia County.” Approved leave will include Management Option Benefits, PTO, and annual leave only.

  • High, Standard and Basic Option Benefits Overview 28 Section 5(a).

  • Eye Exam$35Trifocal LensesFrame/Lenses (glasses) and contacts are not both covered in the same 12-month period.Takeover Option (Benefits and Conditions) Takeover means that you and your insureds are given “credit” for calendar year deductibles accumulated under your existingplan.

  • Stock Option Benefits and Restricted Stock Benefits that are outstanding as of the Offering shall be exercisable or otherwise deemed to consist of shares of Class B common stock.

  • High Option Benefits ‌‌ See page 13 for how our benefits changed this year.

  • As required by Labor Code Section 6705, for all public works projects in excess of $25,000 that involve excavation or trenching to a depth of five feet or more, the Contractor must submit a detailed plan showing the design of shoring, bracing, sloping, or other provisions to be made for worker protection from the hazard of caving ground during the excavation or trenching.

Related to Option Benefits

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Change in Control Benefits means the following benefits:

  • Employment benefits means all benefits provided or made

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Retirement Benefit means the benefit set forth in Article 5.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.