Commencement of Benefit Payments Sample Clauses

Commencement of Benefit Payments. Benefits under the Weekly Indemnity Benefit Plan shall commence on the first day of absence due to non- compensable accident and on the earlier of the fourth day of absence or the loss of twenty-four regularly scheduled hours, due to illness. The employee must consult a licensed doctor of medicine during the first three (3) days of absence. Otherwise, the first day of absence will be established as being two (2) days prior to the date that the doctor was consulted. However, if the employee is hospitalized during the first fourteen (14) days of a continuous period of absence, benefits will commence from the first day of absence provided the employee was continuously disabled from the same or related disability from the first day of absence to the date of hospitalization, the first day of absence being established as indicated in the preceding sentence.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Commencement of Benefit Payments. Except as provided in Section 6.1 below, the payment of a Participant’s Deferred Compensation Benefit shall commence thirty (30) days after the date on which the earliest of the following events occurs:
Sample 1
Commencement of Benefit Payments. If a Participant dies or becomes Disabled prior to receiving his or her entire Deferred Compensation Benefit, then the remainder of such Deferred Compensation Benefits payable to the Participant shall be paid to the Participant, the Participant’s beneficiary, or the Participant’s guardian (as the case may be) in a single lump-sum amount thirty (30) days following the date on which the Administrator is notified of the Participant’s death or Disability and the Administrator confirms said death or Disability, as applicable.
Sample 1
Commencement of Benefit Payments. ‌ A Member’s benefit payments shall be deemed to commence on his or her Normal Retirement Date, Disability Retirement Date, or Deferred Retirement Date. The first and last monthly benefit payment shall be adjusted, as applicable, if the Member was not eligible to receive a full month of benefits for such month. The amount of such adjusted benefit shall be determined by multiplying the Member’s monthly benefit amount by a fraction. For a Member’s first monthly benefit payment, the numerator of this fraction shall be the number of days occurring between the Member’s Normal Retirement Date, Disability Retirement Date or Deferred Retirement Date and the last day of the month, and the denominator shall be the number of days in the month. For a Member’s final monthly benefit payment, the numerator of this fraction shall be the number of days occurring between the first day of the month and the day on which the Member’s death occurs, and the denominator shall be the number of days in the month. Payments shall generally be made on the twenty-sixth (26th) day of the month, although the City shall have discretion to make all payments on an earlier date for purposes of administrative convenience.
Sample 1Sample 2
Commencement of Benefit Payments. (a) Upon the Participant's Death
Sample 1
Commencement of Benefit Payments. (a) Notwithstanding any other provision of this Article or Article VI, in determining any retirement benefits payable out of the Pension Fund to any employee retired on or after January 1, 1962, no benefit shall be payable for any month for which the retired employee is receiving weekly accident or sickness benefits under any plan to which the Company shall have contributed; for any month for which the retired employee is receiving such accident or sick- ness benefits for part of the month, a proportionate amount of any monthly retirement benefits other- wise payable shall be paid for that part of the month for which the retired employee receives no such accident or sickness benefits. This Section shall have no application with respect to Extended Disability Benefits payable under the group insurance program to which the Company contributes.
Sample 1
Commencement of Benefit Payments. Notwithstanding any other provision of this Plan to the contrary, no benefits shall be paid under this Article V until 30 days after an appropriate application therefor has been made.
Sample 1
AutoNDA by SimpleDocs
Commencement of Benefit Payments. Benefits under the Weekly Indemnity Benefit Plan shall commence on the first day of absence due to non- compensable accident and on the earlier of the fourth day of absence or the loss of twenty-four regularly scheduled hours, due to illness. The employee must consult a licensed doctor of medicine during the first three (3) days of absence. Otherwise, the first day of absence will be established as being two (2) days prior to the date that the doctor was consulted. However, if the employee is hospitalized during the first fourteen
Sample 1

Related to Commencement of Benefit Payments

  • Commencement of Benefits (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth day after the close of the Plan Year in which the latest of the following events occurs:

  • Payment of Benefits Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

  • Distribution of Benefits Members of this unit with at least one year of the service to the District may apply for a number of days consistent with a one-for-one match of their individual sick leave accumulation as of the end of the previous contract year brought forward to the year of the onset of disability. The combined benefit of accumulated personal sick leave and disability bank leave may not exceed one hundred-eighty days and may carry over from one contract year to another. Employees with less than one full year of service in the District will not be require to contribute one of their individual accumulated sick leave days to the disability bank. The Board reviews the right to request re-application and documentation from anyone requesting more than forty (40) days from the pool. Any benefits will be minus other insurance coverage (i.e. worker’s compensation, social security, etc.).

  • Extension of Benefits Upon termination of insurance, whether due to termination of eligibility, or termination of the Contract, an extension of benefits shall be provided for a period of no less than 30 days for completion of a dental procedure that was started before Your coverage ended.

  • Coordination of Benefits The coordination of benefits (COB) provision applies when a Member has health care coverage under more than one plan. Plan is defined below. The order of benefit determination rules govern the order in which each plan will pay a claim for benefits. The plan that pays first is called the primary plan. The primary plan must pay benefits according to its policy terms without regard to the possibility that another plan may cover some expenses. The plan that pays after the primary plan is the secondary plan. In no event will a secondary plan be required to pay an amount in excess of its maximum benefit plus accrued savings. If the Member is covered by more than one health benefit plan, and the Member does not know which is the primary plan, the Member or the Member’s provider should contact any one of the health plans to verify which plan is primary. The health plan the Member contacts is responsible for working with the other plan to determine which is primary and will let the Member know within 30 calendar days. All health plans have timely claim filing requirements. If the Member or the Member’s provider fails to submit the Member’s claim to a secondary health plan within that plan’s claim filing time limit, the plan can deny the claim. If the Member experiences delays in the processing of the claim by the primary health plan, the Member or the Member’s provider will need to submit the claim to the secondary health plan within its claim filing time limit to prevent a denial of the claim. If the Member is covered by more than one health benefit plan, the Member or the Member’s provider should file all the Member’s claims with each plan at the same time. If Medicare is the Member’s primary plan, Medicare may submit the Member’s claims to the Member’s secondary carrier.

  • Cessation of Benefits An employee shall cease to be eligible for benefits of this Plan at the earliest of the following dates:

  • Calculation of Benefits Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination that could be paid without the Executive being subject to the Excise Tax.

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