Transfer Option an option given to each Eligible Employee with either: (a) accrued rights in the NHS Pension Scheme; or (b) accrued rights in a Broadly Comparable scheme, as at the Employee Transfer Date, to transfer those rights to the Supplier’s (or its Sub-contractor’s) Broadly Comparable scheme or back into the NHS Pension Scheme (as appropriate), to be exercised by the Transfer Option Deadline, to secure year-for-year day-for-day service credits in the relevant scheme (or actuarial equivalent, where there are benefit differences between the two schemes);

Transfer Option means an Option which upon exercise may only be satisfied by the transfer of Shares as provided in Rule 4.5;

Examples of Transfer Option in a sentence

A Transfer Option Application will be attached to the notification letter.
If the policyholder opts 12 month Auto Transfer Option, 1/12th of allocated premium will be invested in the chosen fund and the balance will be invested in the Preserver Fund.
The Milford School District Student Transfer Option Program components are subject to amendments as may be required by law.
You may opt for either the Systematic Fund Transfer Option or Dynamic Fund Allocation option at the inception or during the Policy Term but not both.
Within ten (10) school days of receiving a persistently dangerous designation from the Department of Education, the District will notify parents of eligible Unsafe School Transfer Option Program students by mail.

More Definitions of Transfer Option

Transfer Option means the choice to participate in the Program pursuant to Section3.102 of this Act by each participant of the System who is an employee as of December 31, 1999, or by each employee who is a member of an employer's retirement system as of December 31, 1999, and who subsequent to this date becomes a participant of the System.

Transfer Option has the meaning set forth in Section 21(a) of this Agreement.

Transfer Option is defined in Section 9.2(b).

Transfer Option. As defined in Section 8.2(c)(i)