Optional Term definition

Optional Term has the meaning given in clause 3.2.1.
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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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Optional Term and “Optional Terms” have the meanings defined in Section 4.
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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.

  • The Board shall deduct authorized monthly premiums from the salary of teachers participating in the B.C.T.F. Optional Term Life Insurance Plan, and shall remit the premiums to the B.C.T.F. or its designated agent.

  • Upon written authorization of a teacher, the Board will deduct and remit monthly premiums for 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.

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

  • 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 Board shall deduct and remit the monthly premium from the pay of those Association members who elect to participate in the BCTF Optional Term Life Insurance Plan.

  • 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.


More Definitions of Optional Term

Optional Term means the term of employment specified in Section 2 hereof.
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Related to Optional Term

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

  • Renewal Term has the meaning set forth in Section 2.

  • 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.

  • 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.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.