Benefit Year Clause Samples
The 'Benefit Year' clause defines the specific 12-month period during which insurance benefits are calculated and applied. Typically, this period may align with the calendar year or begin on the policyholder’s effective date, and it determines when coverage limits, deductibles, and out-of-pocket maximums reset. By clearly establishing the timeframe for benefit calculations, this clause ensures both parties understand when coverage renews and helps prevent confusion over benefit eligibility and limits.
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Benefit Year. Employee’s may access professional development funds for any approved professional development activity that is completed between July 1 and June 30 of the corresponding contract year.
Benefit Year. The term "Benefit Year" means the period commencing on January 1 of any calendar year and terminating at the expiration of December 31 of such calendar year. The first Benefit Year shall commence on the Effective Date. The last Benefit Year shall terminate on the expiration of the CBA.
Benefit Year. For purposes of insurance benefits, the benefit year for the provision of all insurances will be July 1 through June 30 unless otherwise specified herein. This means teachers shall be offered insurance coverage from July 1 through June 30 provided they are hired on or before July 1 of the corresponding year, and continue working through the end of the school year. However, open enrollment shall be consistent with the Cafeteria Plan established by the District.
Benefit Year. A twelve (12) month period beginning July 1, 2020, and ending June 30, 2021, initially. A twelve (12) month period beginning July 1 and ending June 30 each year thereafter.
Benefit Year. The period during which any benefit frequency limitation and/or annual maximum payment will apply. This will be the calendar year, unless your Contractor elects a different period to serve as the Benefit Year. (See the Summary of Dental Plan Benefits for your Benefit Year.) If the Benefit Year is based upon a calendar year, the terms Benefit Year and Calendar Year may be used interchangeably.
Benefit Year. D The benefit year shall commence September for the purpose of crediting the days referred to in F
Benefit Year. The year shall be the period between November and October 31' the following year. Full-Time Employees shall be eligible for eighty five (85) days of Reduced Sick Leave in the Benefit Year, subject to a reduction in accordance with the number of Full Sick Leave Benefits available in the Benefit Year under below. Full-Time Employees shall be eligible for five (5) days of Full Sick Leave Benefits in the Benefit Year after each full year of service after their hire or transfer date to a full time position. The eligibility to Full Sick Leave Benefits will be pro-rated for those employees in their first year of full time employment.
Benefit Year. For purposes of this article, a benefit year shall be defined as the period of time between July 1 and June 30.
Benefit Year. The benefit year for the PTO program is the calendar year ending December 3 1.
Benefit Year. 10 For purposes of this article, a benefit year shall be defined as a one (1) year period of time 11 in accordance with Health Plan provider requirements.