Loss Of Earnings definition

Loss Of Earnings means: your Indexed Predisability Earnings on the date of your Recovery – your Monthly Earnings your Indexed Predisability Earnings on the date of your Recovery The amount of Recovery Benefit we pay will equal: your Loss Of Earnings x the Basic Monthly Benefit If your Regular Occupation prior to your Disability was that of being retired or unemployed, you are not eligible for the Recovery Benefit. You must be able to demonstrate that your Loss Of Earnings is solely due to the previous Injury or Sickness for the Recovery Benefit to be payable. We will periodically review the amount of your Monthly Earnings and the relationship between your Loss Of Earnings and the Injury or Sickness that caused your Disability. If the Indexed Cost of Living Benefit Rider is part of the policy, the Recovery Benefit will be calculated based on the Adjusted Basic Monthly Benefit (instead of the Basic Monthly Benefit) last paid before you Recovered from your Disability. No additional increases under the Indexed Cost of Living Benefit Rider will be made while Recovery Benefits are payable under this rider. The Premium Waiver Benefit in the policy will apply while Recovery Benefits are payable. Other benefits under your policy will not be payable while Recovery Benefits are payable. The Recovery Benefit will no longer be payable on the date that the first of the following events occurs: • you are no longer working in your Regular Occupation or any other occupation for a reason other than your Disability; • you are working fewer hours than you worked prior to your Disability; • your Loss Of Earnings is less than 20%; • your Loss Of Earnings is no longer solely due to the Injury or Sickness that caused your Disability; • you become Disabled again; or • the Maximum Benefit Period ends.
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Loss Of Earnings means loss of salary or its equivalent, net of taxes which were lost by reason of inability to work. This covers loss of wages, salary or lost earnings of a self-employed person. Payment of lost earnings is to be at the time they are actually lost.
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Loss Of Earnings means the deprivation of earned income or of the ability to earn previous levels of income as a direct result of a crime and the loss of the cash equivalent of social security, railroad retirement, pension plan, retirement plan, disability, veteran's retirement, court-ordered child support or court-ordered spousal support, where the payment is the primary source of the victim's income, and where the victim is deprived of the money as a direct result of the crime;
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Examples of Loss Of Earnings in a sentence

  • If you experience a Recovery from your Disability, we will pay you a Recovery Benefit if: • you are working in your Regular Occupation or any other occupation, and working at least as many hours as you worked prior to Disability; and • you continue to have a Loss Of Earnings of at least 20%, and that Loss Of Earnings is solely due to the previous Injury or Sickness that caused your Disability.

  • If you experience a Recovery from your Disability, we will pay you a Recovery Benefit if: • you are working in your Regular Occupation, and working at least as many hours as you worked prior to Disability; and • you continue to have a Loss Of Earnings of at least 20%, and that Loss Of Earnings is solely the result of the previous Injury or Sickness that caused your Disability.


More Definitions of Loss Of Earnings

Loss Of Earnings means loss of earnings of an Insured Person on account of time taken off work to investigate or defend a Claim or Disciplinary Proceeding at the Insurer’s request; provided, the maximum payable for Loss of Earnings will not exceed the Limit of Insurance set out in ITEM 6.A. of the Declarations.
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Loss Of Earnings means the formula Capital Alliance uses, and as set out in this Policy, to calculate the Member’s Income Replacement Benefit when the Member returns, or Capital Alliance deems the Member is capable of returning, to work on either a part or Full-Time basis.
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Loss Of Earnings means the difference between—
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Loss Of Earnings means, for any month, Your Prior Earnings minus Your Current Earnings for the month. Your Loss of Earnings must be solely due to Injury or Sickness for which Disability or Recovery benefits are claimed.
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Loss Of Earnings for any month means Your Prior Earnings minus Your Monthly Earnings for the month in which You claim a Residual Disability benefit or Recovery benefit after Residual Disability. Your Loss of Earnings must be directly due to the Injury or Sickness causing the Disability.
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Loss Of Earnings means your covered monthly earnings, less your earnings in the month for which a benefit is claimed. The loss of earnings must be due to a sickness or injury that caused the disability.
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Related to Loss Of Earnings

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Disposable earnings means that part of the earnings of an

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders: