Optional Payment definition

Optional Payment means:
Optional Payment. Depending upon funding availability, as determined at the discretion of the College, an appreciation check may be given to each unit member employed on a regular full- time basis in a paid status as of the date to be specified. Areas of Critical Instructional Personnel: The College will be able to compensate instructional faculty in high market salary areas as follows:
Optional Payment as defined in Section 8.14(a).

Examples of Optional Payment in a sentence

  • Optional Payment Plans (“OPP”), High Cap Term Payment Plans (“HCTPP”), and Volume and Term discount plans are not available for transport Facilities pursuant to this Agreement.

  • Do you wish to participate in the Authority’s Optional Payment Plan, please initial either Yes or No. If yes, LPWWA will supply you with a Rate Schedule and Loan Application to be filled out.

  • If LPWWA has not begun working on the Final Design, a Subscriber utilizing the Optional Payment Plan may submit a written request for a refund of only the Principal payment.

  • This Optional Payment Plan will be interest free, when the Subscriber tenders timely payments to the Authority.

  • In addition to paying the applicable Subscription Fee, those Subscribers electing the Optional Payment Plan will be required to pay the for the following: Set-up Fee (one time)-Recoding and release fees Handling/Transaction Fee with each payment Principal Please see applicable Rate Schedule attached to Addenda of the LPWWA Rules and Regulations.


More Definitions of Optional Payment

Optional Payment means the following forms in which a Supplemental Retirement Allowance of a Participant who has made an election pursuant to Article II, D(3) hereof may be paid: (1) in equal monthly payments for the life of the Retired Participant, (2) as a Supplemental Joint and Survivor Allowance, or (3) as a Supplemental Optional Payment Allowance. Any election to receive an Optional Payment with respect to a Retired Participant's Supplemental Retirement Allowance under the Plan shall be independent of any election with respect to his benefits under any Other Plan.
Optional Payment shall have the meaning given to such term in Section 10.9 hereof.
Optional Payment has the meaning set forth in Section 2.03(c).
Optional Payment means (1) in the case of a Benefit Equalization Retirement Allowance, the following optional forms in which the Benefit Equalization Retirement Allowance of an Employee who has made an election pursuant to Article II, C(2) hereof may be paid: (i) in equal monthly payments for the life of the Retired Employee, (ii) as a Benefit Equalization Joint and Survivor Allowance, or (iii) as a Benefit Equalization Optional Payment Allowance, and (2) in the case of a Benefit Equalization Profit-Sharing Allowance, any of the methods of distribution permitted under Article VI of the Profit-Sharing Plan (other than a Single Sum Payment payable at the time specified in Article II, D(1) hereof) and in the event the Retired Employee dies before distribution of his Benefit Equalization Profit-Sharing Allowance is made, commences to be made or is fully distributed, to the beneficiary designated in the notification set forth in Article II, E, hereof, in accordance with the method of distribution specified in such notification; provided however, that an Employee may not revoke or modify the method or the timing of any distribution of his Benefit Equalization Profit-Sharing Allowance later than at the times specified in Article II, D(2) hereof. Any election to receive an Optional Payment with respect to a Retired Employee's Allowances under the Plan shall be
Optional Payment means any amount deposited by or for and on behalf of the Republic from time to time during the Oil-linked Securities Period in the Oil-linked Securities Account, other than (i) the Allocation Percentage or (ii) the Put Amount.
Optional Payment. An appreciation check may be given to each unit member employed on a regular full time basis in a paid status as of the date to be specified. The December 2009 stipend shall be increased from $500 to $1,000, and the difference shall be paid within (30) days of contract ratification to all unit members, including those hired for the 2009-10 academic year. Areas of Critical Instructional Personnel: The College will be able to compensate faculty in high market salary areas as follows:
Optional Payment. As defined in the PC Repurchase Agreement.