Benefits Paid Clause Samples
The "Benefits Paid" clause defines the terms under which benefits are distributed to eligible parties under an agreement, such as an insurance policy or employee benefits plan. It typically outlines the conditions that must be met for benefits to be paid, the process for making claims, and the timing or method of payment. This clause ensures that all parties understand when and how benefits will be provided, thereby reducing disputes and providing clarity regarding entitlements.
Benefits Paid. For claims occurring on or after February 9, 2014, the weekly benefit shall be two hundred and twenty-five dollars ($225.00). Effective February 1, 2015, and until the termina- tion of this Agreement, the weekly benefit shall be two hun- dred and thirty-five dollars ($235.00).
Benefits Paid. The amounts recognized in the state- ment of financial position, including the net pension and other postretirement benefit prepaid assets or accrued liabilities and any intangible asset and the amount of accumu- lated other comprehensive income recog- nized pursuant to paragraph 37 of SFAS No. 87, as amended.
Benefits Paid. This insurance applies to expenses for the treatment of pregnancies and nonoccupational accidents and sickness. Payment of benefits for you or a covered dependent will begin when the deductible explained below has been satisfied. The insurance will pay of all eligible expenses the individual incurs during the rest of the year. For the list of eligible expenses see the next page. See the General Exclusions page for a listing of ineligible charges.