Optional Term definition

Optional Term has the meaning given in clause 3.2.1.
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Optional Term and “Optional Terms” have the meanings defined in Section 4.
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Optional Term means the term of employment specified in Section 2 hereof.
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Examples of Optional Term in a sentence

  • The Board will administer the BCTF Optional Term Life Insurance Plan and deduct monthly premiums from the salary of those employees participating in the plan.

  • You, your spouse, and child may apply for Optional Term Life and AD&D Insurance coverage, subject to receipt and approval of satisfactory medical evidence, via the Insurer, Sun Life.

  • The BCTF Optional Term Life Insurance Plan will be administered by the Employer with the teachers paying 100% of the premium cost.

  • Teachers on leave of absence shall have the option to continue their Medical, Dental, Extended Health Benefits, Group Insurance, and B.C.T.F. Optional Term Life Insurance Plans by making payments to the Board for their share and the Board’s share of the premiums of their benefits plans.

  • The B.C.T.F. Optional Term Life Insurance Plan will be instituted by the Board with the teachers paying 100% of the premium cost.

  • Participation in the BCTF Optional Term Life Insurance Plan will be on a voluntary basis in the district provided that the necessary percentage of teachers enroll.

  • The Borrower and the Administrative Agent agree to negotiate in good faith any Optional Term Loan Amendment relating to any Optional Term Loan Tranche.

  • The Board shall deduct the monthly premiums by payroll deduction from those teachers participating in the BCTF Optional Term Life Insurance Plan.

  • The BCTF Optional Term Life Insurance Plan will be administered by the Employer with the teachers paying one hundred percent (100%) of the premium cost.

  • Upon written authorization of a teacher, the Board will deduct and remit monthly premiums for the BCTF Optional Term Life Insurance Plan.


More Definitions of Optional Term

Optional Term means the period or periods specified as such in Item 1 of Schedule 1 Overdue Amount means an amount (or part thereof) that:
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Related to Optional Term

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Renewal Term has the meaning set out in Section 9.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Option Period means the period during which an Option may be exercised.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Additional Terms means any additional terms agreed in writing amending, varying or agreeing additions to these Terms;

  • Extended Period As defined in Section 9.04(b).

  • Extension Term means the time period defined in §2.C.

  • Primary Term is defined in paragraph 4(a) of this Lease.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Optional Call means the call of the Certificates by the Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by the Warrant Holder, pursuant to Section 7(d) hereof.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.