Option Package Clause Samples

Option Package. The version of the Contract selected which defines, among other things, the amount of the mortality and expense risk charge, the calculation of the death benefit, and the availability of certain withdrawals without imposition of a Deferred Sales Charge.

Option Package. (i) Upon the designation as a Lead Candidate of the first Regeneron Product Directed to each Regeneron Target that is subject to an Intellia Option hereunder, and prior to any interactions or discussions with a Regulatory Authority (e.g., pre-Investigational New Drug Application meeting) with respect to such Regeneron Product, Regeneron shall notify Intellia regarding such designation. Within [***] days after receipt of such notice, Intellia may request, in writing, that Regeneron provide Intellia the Option Package for such Regeneron Target. If Intellia requests the Option Package within such timing, Regeneron shall provide the Option Package for such Regeneron Target to Intellia within [***] days of such request [***] (ii) Within [***] days after the end of the Option Period, for any Regeneron Targets that are still subject to an Intellia Option, Intellia shall have the right to request an Option Package for such Regeneron Target pursuant to Section 5.2(b)(i) [***]. Regeneron shall deliver to Intellia an Option Package for each Regeneron Target as so requested by Intellia [***], and thereafter Intellia shall have the right to exercise an Intellia Option for any such Regeneron Target in accordance with the provisions of this Section 5.2 [***].

Option Package. 26. In order to encourage the long-term success of the Company, without derogating from the aforesaid in chapter E.2 above and subject to the approval of Company’s Compensation Committee and the Board, and the provisions of the law, the Company shall issue to the Employee an options package (hereinafter" "the Options Package") in accordance with the terms and mechanism set forth in appendix A of the agreement. Without derogating the general provisions aforesaid or the set forth in Annex A, it is agreed that in the case of a merger and/or sale of the Company or its material assets, in whole or in part, with or to a third party (hereinafter: "the Sale Event") the vesting and exercise period set forth in Annex A shall be accelerated and the Employee shall be entitled to immediately exercise all his remaining non-vested options at its exercise price before or after the occurrence of the Sale Event, at the Employees Choice.

Option Package. There may be certain option packages offered by the Seller to certain purchasers depending on the type and location of apartments involved. All such option packages, if any, shall be subject to such additional charges or costs as specified by the Seller. Option packages must be requested by the Buyer in writing and must be accepted by the Seller in writing prior to the expiration date specified by the Seller for such option package. If the Buyer requests an option package at any time after this signing of the Agreement, the Seller will not be required to accept such request unless and until the Buyer pays in cash to Escrow the full additional costs of the option package requested.

Option Package. 2 1. All bargaining unit members enrolled in Plan B will be responsible for 10% of the premium cost for Plan B dental, vision and LTD products. The teacher's premium contribution will be payroll deducted from the wages of that individual. 2. Option Package 2 - Plan B shall include the following: a. Dental Plan – same as Option Package 1 b. Vision Plan – same as Option Package 1; c. Term Life Insurance in the amount of $45,000 – same as Option Package 1 d. Long Term Disability (same as Option Package 1) e. A cash stipend, in the amount of $300 per month ($310.50 effective July 1, 2013). This amount shall be increased to $350 per month ($362.25 effective July 1, 2013) if 35 or more bargaining unit members enroll and remain in Plan B, to $450 per month ($465.75 effective July 1, 2013) if 40 or more bargaining unit members enroll and remain in Plan B, and to $500 per month ($517.50 effective July 1, 2013) if 45 or more bargaining unit members enroll and remain in Plan B.

Option Package. 2 1. Plan B shall include the following: a. Dental Plan – same as Option Package 1 b. Vision Plan – same as Option Package 1; c. Term Life Insurance in the amount of $45,000 – same as Option Package 1 d. Long Term Disability (same as Option Package 1) e. A cash stipend, in the amount of $400.00 per month. All cash in lieu payments are conditional upon the District receiving documentation of other coverage that meets the Affordable Care Act minimum value and coverage requirements.

Option Package. Employees not electing Plan A, C, D or E benefits shall receive the following Plan B benefits: Plan B: Life Insurance $50,000 Long Term Disability 66.7%, $6,000 max benefit Delta Dental 100/90/90 $2,500 Class IV $2,500 cleaning Vision Service Plan VSP Plus Any employee electing to opt out of aforementioned plans A, C, D or E shall annually verify that s/he has health insurance coverage through an alternate source such as a spouse’s employer. Additional Cash – Additional cash compensation shall be paid for certified staff members that opt out of above referenced Plans A, C, D and E (based on 1.0 FTE). Those working less than 1.0 FTE will be paid on a pro-rated basis of their partial FTE. It shall be apportioned and paid out on the first and second payroll dates of each month, January through June and September through December. The additional cash compensation shall be based on a January through December benefit year. NOTE: The employee’s election shall be made under the terms of the Section 125 flexible benefits plan established by the Board. The amount of additional cash in lieu will be 60% of the single subscriber hard cap rate (based on

Option Package. The Company undertakes that it will procure at the first meeting of the Board of Directors after the date of this Agreement that the following Options will be granted subject to the Specified Conditions. 52,500 ordinary shares (7,500 ADSs) will be vested on 1st October, 1998 52,500 ordinary shares (7,500 ADSs) will vest every six months commencing 1st April, 1999 until 1st October, 2001. The exercise price shall be US$17.75 per Option. The Specified Conditions are: (1) each "Option" represents 7 ordinary shares of the Company (equal to 1 ADS); (2) unvested Options shall lapse immediately upon early termination of this Agreement by either the Employee or the Company; and (3) Options may be exercisable up to 5 years from the vesting date upon payment of the exercise price as directed by the Company.

Option Package. As compensation for services hereunder and in consideration of the Employee's other agreements hereunder, during the Employment Term, the Company shall, provided that the Company is satisfied with the performance of the Employee and in any case not before August 1st ,2007 , furnish the Employee with an option package corresponding to four percent (4 %) of the outstanding number of shares of the Company. The share price used as basis for the calculation of the option package should be the price that is valid at the date of this agreement.