Benefit Provision Sample Clauses

Benefit Provision a) The plan will provide that an eligible employee is insured for benefits equivalent to 70% of their normal weekly earnings.
AutoNDA by SimpleDocs
Benefit Provision. Notwithstanding the provisions of this Agreement in the payment of the benefits under Article 3, any benefits payable under this Agreement are payable solely to the extent of payments actually made by the Annuity Contract(s) as identified in this Agreement or other provision as provided for in Section 2.2.
Benefit Provision a) The rules and pay for benefits are in accordance with the applicable section of the Collective Agreement unless otherwise stipulated below.
Benefit Provision. Beneficiary An Employee may name anyone as his or her beneficiary. The Employee must file the name or names on a form approved by the Provident. An Employee may change his or her beneficiary at any time by giving notice in writing. The effective date of the change is the date the request is signed. However, the Provident is not liable for any amount paid before the request is received. If an Employee names more than one beneficiary, they will share equally unless he or she provides otherwise. If a beneficiary dies before an Employee, his or her share will be paid equally to the surviving beneficiaries, unless the Employee states otherwise. Any amount for which a beneficiary is not named will be paid to the Employee's estate. General Exclusions Benefits are not paid for any loss caused by or resulting from: (a) suicide or self-inflicted Injury, whether sane or not (in Missouri, while sane); (b) bacterial infections, except those which occur with a cut or wound at the time of the accident; (c) any kind of disease; (d) medical or surgical treatment (except surgical treatment required by the accident); (e) war or any act of war; (f) Injury sustained while in any of the armed forces (land, sea or air) of any country or international authority except while on temporary domestic National Guard or Reserve duty for less than 30 days; or (g) Injury sustained while an Employee is riding in, boarding or alighting from an aircraft other than as provided under a Hazard described on a preceding page.
Benefit Provision. The Schedule of Benefits of this Policy is shown below. While this Policy is in effect, the benefits will be payable according to Your chosen plan level as shown in the Policy Schedule, subject to the terms and conditions stated in the Policy Contract. Schedule of Benefits Benefits Plan 1 (MYR) Plan 2 (MYR) Plan 3 (MYR) Therapy Care Benefit (Early Stage Cancer or Advanced Stage Cancer) 30,000 50,000 70,000 Get Well Benefit (Early Stage Cancer or Advanced Stage Cancer) 6,000 per year for 5 installments 10,000 per year for 5 installments 14,000 per year for 5 installments Maximum cancer benefit payout 60,000 100,000 140,000 AXA Care Benefit (a) Concierge service arrangement will be available once the Policy is issued (b) Second Medical Opinion Bereavement Benefit (Basic Sum Insured) 1,000 2,000 3,000 Description of Benefits
Benefit Provision. The Board shall provide the following fringe benefits for all eligible Professional Employees at no cost to the member:
Benefit Provision. Subject to the Exclusions and Limitations and the provisions of the section entitled “Partial Benefit Amount”, We will pay the Benefit Amount as shown on the Schedule for a Covered Person, if: • A First Diagnosis is made by a Physician after the Effective Date and after the Waiting Period for a Covered Person; and said First Diagnosis is an appropriate diagnosis based on applicable x-ray, laboratory test, or other recognized diagnostic procedures performed during the life of the Covered Person or postmortem, and is made based on generally accepted principles of medicine in the United States at the time the diagnosis is made. The Benefit Amount shown on the Schedule will be paid for a First Diagnosis, except as provided under the “Partial Benefit Payment” provision. No more than one Benefit Amount will be paid for a Covered Person, even if a Covered Person experiences more than one Invasive Cancer. Partial Benefit Payment A Partial Benefit Amount, as shown on the Schedule, will be paid for: • A First Diagnosis of Carcinoma in Situ. Such diagnosis must be made after the Effective Date and after the Waiting Period. A Partial Benefit Amount will be paid only once for a Covered Person during that person’s lifetime. If a Covered Person receives the Partial Benefit Amount payment, the remaining percentage of the Benefit Amount will be payable if: • The Covered Person should receive a First Diagnosis for Invasive Cancer, other than Carcinoma in Situ; and • This Policy remains in effect for the Covered Person. In no event will the total amount paid for the two benefit payments exceed the Benefit Amount shown on the Schedule. EXCLUSIONS No benefits will be paid for: • A diagnosis made prior to the Effective Date, or during the Waiting Period, as applicable to the Covered Person; • Any disease, Sickness, or incapacity not specified in this Policy; • Basal cell carcinoma and squamous cell carcinoma of the skin; • Melanoma that is diagnosed as Xxxxx’x level I or II or Xxxxxxx’x classification less than 0.75mm; • Premalignant tumors or polyps; • Sickness caused by alcohol, drugs, narcotics, or hallucinogens not prescribed by a Physician, or not used in the manner prescribed by the Physician; • More than one First Diagnosis occurrence after the Effective Date and after the Waiting Period, except as specified on the Schedule and under the Section entitled “Benefit Provision”; • Any Invasive Cancer or Carcinoma in Situ resulting from: • self-inflicted Injury, while sane or...
AutoNDA by SimpleDocs

Related to Benefit Provision

  • Spendthrift Provision The Director's and Beneficiaries' interests in the Deferral Accounts may not be anticipated, sold, encumbered, pledged, mortgaged, charged, transferred, alienated, assigned nor become subject to execution, garnishment or attachment and any attempt to do so by any person shall render the Deferral Accounts immediately forfeitable.

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • SAVINGS PROVISION If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • EMPLOYEE BENEFIT PROGRAM (i) During the TERM, the EMPLOYEE shall be entitled to participate in all formally established employee benefit, bonus, pension and profit-sharing plans and similar programs that are maintained by the EMPLOYERS from time to time, including programs in respect of group health, disability or life insurance, reimbursement of membership fees in civic, social and professional organizations and all employee benefit plans or programs hereafter adopted in writing by the Boards of Directors of the EMPLOYERS, for which senior management personnel are eligible, including any employee stock ownership plan, stock option plan or other stock benefit plan (hereinafter collectively referred to as the "BENEFIT PLANS"). Notwithstanding the foregoing sentence, the EMPLOYERS may discontinue or terminate at any time any such BENEFIT PLANS, now existing or hereafter adopted, to the extent permitted by the terms of such plans and shall not be required to compensate the EMPLOYEE for such discontinuance or termination.

  • Older Workers Benefit Protection Act This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act, 29 U.S.C. sec. 626(f). Employee is advised to consult with an attorney before executing this Agreement.

  • SAVINGS PROVISIONS 19.1 If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • Employee Benefit Programs During the Employment Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

Time is Money Join Law Insider Premium to draft better contracts faster.