Third Option definition

Third Option. Life Income with Refund The Company will make equal monthly payments. Payments will start on the Option Date and will continue during the life of the Payee. At the death of the Payee, if the total payments made are less than the total proceeds applied to the Option, then: . The difference will be paid in one sum, called "Life Income, Cash Refund"; or . The equal monthly payments will continue until the total payments are equal to the total proceeds applied to the Option, called "Life Income, Instalment Refund".

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Third Option. If no such employee exists pursuant to Option 3, replace the least senior person in the same classification having a different but most nearly equivalent employment status and hours per year, provided the employee has the abilities and qualifications to perform the duties of the job position (Same class with most like hours per year), OR replace the least senior employee in the next classification down having the same employment status and hours per year, provided the employee has greater seniority and the abilities and qualifications to perform the duties of the job position. (Next classification down same or most similar hours per year).

Third Option. The Deputy Fire Chief or Fire Chief may temporarily act as Battalion Chief in situations that would otherwise require mandatory overtime. Fourth Option – Mandatory rank for rank.

Examples of Third Option in a sentence

• Under the Third Option, the amount of each payment will depend upon the sex of both payees and their ages at the time the first payment is due.

• In order for the Third Option to vest, Adjusted Pretax Profits for the twelve month period ending on June 30, 2001, must be not less than 118% of the Adjusted Pretax Profits as stated in the June 30, 2000 fiscal year ending audited financial statements.

• In the absence of an election by You, the Contract Value will be used to calculate a fixed dollar Annuity under the Third Option (Life Annuity with 10 Years Period Certain).

• Upon the exercise of the Third Option set forth in Section 3.1, the Company shall issue to Purchaser warrants to purchase a number of Ordinary Shares equal to 20% of the then current Accreted Principal Amount divided by 0.3000 times the VWAP immediately preceding the Third Option Exercise Date (the “Third Option VWAP”), with a three year term and an exercise price of 0.3000 times the Third Option VWAP.

• Each of the First Option, Second Option, Third Option, and Fourth Option (together, the “Options”) are governed by the Parent’s relevant equity plan and/or award agreement, unless specifically stated otherwise in this Agreement.

More Definitions of Third Option

Third Option has the meaning provided in the Governance Agreement.

Third Option has the meaning set out in Section 7.1;

Third Option. Variable Life Income The Company will make variable monthly payments. Payments will begin on the Option Date and will continue during the life of the Payee, but for a period at least as long as the nearest whole number of months equal to the amount applied to this Option divided by the amount of the first monthly payment called "Variable Life Income, Installment Refund."

Third Option has the meaning given to it in clause 3.2(c). Third Parties providers of banking, financial, payments and other products and Third Party Off-the-shelf Product those indemnified has the meaning given to it in clauses 28.4(a) and 32.2(a). Transaction Agreements this Agreement, the Product Agreements, any Agreement Contract Transformation Plan has the meaning given to it in Schedule 7 (Innovation and Continuous Improvement). Term Meaning Transformation Programmes Transition-In Services the services and other supplies to be provided by the Service Transition-Out the effective and orderly termination of the Products and Services Transition-Out Services the services and other supplies to be provided by the Service Treasurer the Treasurer of the State of New South Wales. User a natural person who is authorised by an Agency to use the Services or part of the Services under a Product Agreement, but only to the extent of their authorisation and including a natural person who is authorised to receive and use a Card, but excluding a DCC Cardholder. waiver includes an election between rights and remedies, and conduct which might otherwise give rise to an estoppel.

Third Option has the meaning given to it in clause 3.2(c). Third Parties providers of banking, financial, payments and other products and Third Party Off-the-shelf Product Transaction Agreements this Agreement, the Product Agreements, any Agreement Contract Term Meaning Transformation Plan has the meaning given to it in Schedule 7 (Innovation and Continuous Improvement). Transformation Programmes Transition-In Services the services and other supplies to be provided by the Service Transition-Out the effective and orderly termination of the Products and Services Transition-Out Services the services and other supplies to be provided by the Service Treasurer the Treasurer of the State of New South Wales. User a natural person who is authorised by an Agency to use the Services or part of the Services under a Product Agreement, but only to the extent of their authorisation and including a natural person who is authorised to receive and use a Card. waiver includes an election between rights and remedies, and conduct which might otherwise give rise to an estoppel.

Third Option means and refer to the option to purchase the Phase I Option Property granted by Optionor to Optionee pursuant to Section 4.

Third Option means the Option granted in clause (iii) of Section 2 hereof.