Option A definition
Examples of Option A in a sentence
NEC conditions The conditions of contract are based on the NEC4 Term Service Contract June 2017 main Option A, dispute resolution Option W2 and Secondary Option clauses X1, X2, X8, X11, X17, X23 and Y(UK) 2 clauses together with the amendments set out in the ‘January 2019 Amendments’ published by the NEC and the modifications, additions and amendments set out in Schedule 1 to this Agreement (the ‘Z clauses’).
GENERAL The conditions of contract are the core clauses and the clauses for the following main Option, the Option for resolving and avoiding disputes and secondary Options of the NEC4 Term Service Contract June 2017 Main Option Option A Secondary Options X1, X2, X8, X11, X17 and X23 The Service is: Provision of Underwater Inspections and Services for the Maintenance of Highway Structures Assets.
The following Death Benefit options are available: Option A: If the sole primary Beneficiary is the surviving Spouse of the deceased Owner, the surviving Spouse may elect to continue the contract as the new Owner.
Unless Option A is elected, or payments under Option B commence within one year of the date of the Owner’s Death, the entire interest benefit in the contract will be paid under Option C.