Optional Payment definition

Optional Payment means:

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Optional Payment. Depending upon funding availability, as determined at the discretion of the College, an appreciation check may be given to each unit member employed on a regular full- time basis in a paid status as of the date to be specified. Areas of Critical Instructional Personnel: The College will be able to compensate instructional faculty in high market salary areas as follows:

Optional Payment as defined in Section 8.14(a).

Examples of Optional Payment in a sentence

• Optional Payment Plans (OPP), and High Cap Term Payment Plans (HCTPP) are not available for transport facilities pursuant to this agreement.

• Optional Payment Plans (“OPP”), High Cap Term Payment Plans (“HCTPP”), and Volume and Term discount plans are not available for transport Facilities pursuant to this Agreement.

• If such election is made, notice of such election shall be mailed in accordance with the terms of the applicable Tranche of Dual Currency Notes within two Business Days of the Option Election Date and shall state (i) the first date, whether an Interest Payment Date and/or Stated Maturity, on which scheduled payments in the Optional Payment Currency will be made and (ii) the Designated Exchange Rate.

• If the Company makes such an election, the amount payable in the Optional Payment Currency shall be determined using the Designated Exchange Rate specified on the face hereof or in the pricing supplement attached hereto or delivered herewith.

• Proceeds can be paid in a lump sum or under an Optional Payment Plan.

More Definitions of Optional Payment

Optional Payment means the following forms in which a Supplemental Retirement Allowance of a Participant who has made an election pursuant to Article II, D(3) hereof may be paid: (1) in equal monthly payments for the life of the Retired Participant, (2) as a Supplemental Joint and Survivor Allowance, or (3) as a Supplemental Optional Payment Allowance. Any election to receive an Optional Payment with respect to a Retired Participant's Supplemental Retirement Allowance under the Plan shall be independent of any election with respect to his benefits under any Other Plan.

Optional Payment shall have the meaning given to such term in Section 10.9 hereof.

Optional Payment has the meaning set forth in Section 2.03(c).

Optional Payment means (1) in the case of a Benefit Equalization Retirement Allowance, the following optional forms in which the Benefit Equalization Retirement Allowance of an Employee who has made an election pursuant to Article II, C(2) hereof may be paid: (i) in equal monthly payments for the life of the Retired Employee, (ii) as a Benefit Equalization Joint and Survivor Allowance, or (iii) as a Benefit Equalization Optional Payment Allowance, and (2) in the case of a Benefit Equalization Profit-Sharing Allowance, any of the methods of distribution permitted under Article VI of the Profit-Sharing Plan (other than a Single Sum Payment payable at the time specified in Article II, D(1) hereof) and in the event the Retired Employee dies before distribution of his Benefit Equalization Profit-Sharing Allowance is made, commences to be made or is fully distributed, to the beneficiary designated in the notification set forth in Article II, E, hereof, in accordance with the method of distribution specified in such notification; provided however, that an Employee may not revoke or modify the method or the timing of any distribution of his Benefit Equalization Profit-Sharing Allowance later than at the times specified in Article II, D(2) hereof. Any election to receive an Optional Payment with respect to a Retired Employee's Allowances under the Plan shall be

Optional Payment is defined in Section 2.2(b).

Optional Payment. As defined in the PC Repurchase Agreement.

Optional Payment. An appreciation check may be given to each unit member employed on a