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

• Neither SLIC nor any of its Consolidated Subsidiaries has (i) any employees or (ii) any “employee benefit plans” as defined in Section 3(3) of ERISA, or any employment, bonus, incentive, vacation, stock option or other equity based, severance, termination, retention, change of control, profit sharing, fringe benefit, health, medical or other similar plan, program or agreement (collectively, “Employee Benefit Plans”).

• Neither PIF nor any of its Consolidated Subsidiaries has (i) any employees or (ii) any Employee Benefit Plans.

• Effective as of the Closing Date, except as otherwise specifically provided in this Agreement or by applicable Law or the terms of the Seller Benefit Plans, all Transferred Employees and their eligible dependents and beneficiaries will cease any participation in, and any benefit accrual under, any Seller Benefit Plan other than the Company Plans.

• Buyer and Seller intend that none of the transactions contemplated by this Agreement, including the transfer or termination of an Offer List Employee’s employment pursuant to this Section 9.7(c), shall trigger severance or similar payments or benefits under any Seller Benefit Plans.

• Section 5.21 of the Parent/Seller Disclosure Letter lists all material insurance policies maintained by Parent or its Subsidiaries in effect as of the date hereof with respect to the Business (excluding any such policies and bonds maintained in connection with any Employee Benefit Plan), including the type of coverage, the carrier, the amount of coverage, the term and the annual premiums of such policies.

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);