Benefit definition

Benefit means anything reasonably regarded as pecuniary gain or pecuniary advantage, including benefit to any other person in whose welfare the beneficiary has a direct and substantial interest.

Benefit means the entitlement due to the principal policy holder in respect of approved expenses incurred in accordance with the terms in the fund rules.

Benefit means the extent or degree of service the beneficiaries are entitled to receive as per the rules on the subject.

Examples of Benefit in a sentence

• During the Employment Term, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, “Employee Benefit Plans”), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans.

• Benefit Administration • Ability to manage benefits and claims according to the employee hierarchy, service years, and contract categories.

• The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

• Disability Benefit Plan The City and the Union agree to establish a Joint Committee to review the plan design and coverage of the Burnaby Municipal Benefit Society Disability Benefit Plan (including employee benefits and WorkSafeBC coverage) including potential cost saving measures.

• Director's liability insurance will be secured for all Directors of the Burnaby Municipal Benefit Society.

More Definitions of Benefit

Benefit means the entitlement due to the principal member in respect of approved expenses incurred in accordance with the terms of these Fund rules.

Benefit means a commercial, proprietary, financial, economic,

Benefit means any gain or advantage to the beneficiary, including any gain or advantage to a third person pursuant to the desire or consent of the beneficiary.

Benefit or "Benefit Options" means any of the optional benefit choices available to a Participant as outlined in Section 4.1.

Benefit means the direct or indirect receipt or provision of money or the equivalent such as, but not limited to, bribes, gains, gifts and other advantages including, without limitation, winnings and/or potential winnings as a result of a wager; the foregoing shall not include official prize money, appearance fees or payments to be made under sponsorship or other contracts;

Benefit means a commercial, proprietary, financial,

Benefit means the direct or indirect receipt or provision (as relevant) of money or money's worth (other than prize money and/or contractual payments to be made under endorsement, sponsorship or other contracts);