Fund Benefit definition

Fund Benefit means a situation where a Fund has either paid insufficient redemption proceeds as a result of an understatement of NAV or received excessive subscription proceeds as a result of an overstatement of NAV. When such a Fund Benefit occurs, the individual Shareholders effecting transactions suffer a corresponding loss (a “Shareholder Loss”).
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Fund Benefit means a situation where a Fund has either paid insufficient redemption proceeds as a result of an understatement of NAV or received excessive subscription proceeds as a result of an overstatement of NAV. When such a Fund Benefit occurs, the individual Shareholders effecting transactions suffer a corresponding loss (a “Shareholder Loss”).The term “responsible person” means a person who, by virtue of negligence, fraud, or willful misconduct, caused or contributed to an NAV Error.
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Fund Benefit or "Benefit" means a Benefit payable under these Rules.
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Examples of Fund Benefit in a sentence

  • Education fund benefit If, during the Period of Insurance, an Insured Person suffers an Accidental Death and is survived by Dependent Children, We will pay the amount shown on the Policy Schedule against Additional Wellbeing – Education Fund Benefit, for each surviving Dependent Child of the Insured Person, up to the maximum amount per family stated on the Policy Schedule.

  • That is how we will foster the systematic development of our business and safeguard our employees’ jobs.We have put the current strategy under the acro- nymic heading “GAIN”: Growth And Innovation – the company’s stable situation now allows for new expan- sion.

  • This section identifies the benefit plan categories – that is, the PIHP 1915(a) and concurrent 1915(b) Medicaid Specialty Services and Supports Waiver, Healthy Michigan Plan, Autism, the General Fund Benefit, etc.

  • To qualify as an injunction, the requested relief must be “directed to a party, enforceable by contempt, and designed to accord or protect some or all of the substantive relief sought by a complaint.” I.A.M. Nat’l Pension Fund Benefit Plan A v.

  • This Article contains the entire agreement between the parties regarding the Company's obligations to contribute to the IAM National Pension Fund, Benefit Plan B, and no oral or written modification of this Agreement shall be binding upon the Trustees of the IAM National Pension Fund.

  • Medical Fund Benefit is payable for all Employees working in the bargaining unit.

  • The Company shall pay the Union an amount equal to five and one-half percent (5 ½ %) of each Employee’s total gross earnings as Medical Fund Benefit.

  • Employers are still required to remit Vacation Pay and the Medical Fund Benefit fringe as described in Article 17 negotiated in the signed Collective Agreement.

  • All contributions made to the Union Administration Fund; Benefit Plan Fund; Xxxxxxxxx 1588 Consolidated Fund; Industry Improvement Fund; Pension Fund and the Training Fund shall be per hour paid, on/or before the fifteenth (15th) day of the month following.

  • Certificate of Entitlement (COE) is a Government Subsidized Fund Benefit, for those whom are deemed eligible residents of Bermuda once they have turned the age of 65 years.


More Definitions of Fund Benefit

Fund Benefit means the CAPITAL, less :
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Fund Benefit means the CAPITAL, less :
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Related to Fund Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Final compensation of a member means: