MONTHLY BENEFIT Sample Clauses

MONTHLY BENEFIT. Your monthly benefit is equal to 66 2/3% of your normal monthly earnings which are defined as your base rate times the regular hours per week and excludes overtime pay. This amount is reduced by an income payable to you as a result of your disability from any of the following sources:
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MONTHLY BENEFIT i. For Coverage Year 2020, Employee will receive a maximum benefit up to $1,631.81 per month paid toward the medical, dental, and/or vision premiums, or may be contributed to a HRA at the discretion of the employee, irrespective of single, married, or family status. This amount includes the CalPERS Minimum Employer Contribution (“MEC”).
MONTHLY BENEFIT. Upon receipt of due proof that a Participant, while covered under this Plan, has incurred Total Disability, the Plan Administrator will, subject to the provisions of this Article III, pay the Participant a Monthly Benefit until such Monthly Benefits are terminated under the provisions of Article IV of this Plan. No Monthly Benefit will be paid to the Participant:
MONTHLY BENEFIT. The least of Items or below: of pretax monthly earnings, less of direct deductible sources of income; if the monthly benefit is taxable, of pretax monthly earnings, less of direct and indirect deductible sources of income; or if the monthly benefit is nontaxable, of monthly earnings, less of direct and indirect deductible sources of income; the maximum monthly benefit. February (6)
MONTHLY BENEFIT. The monthly sum of benefits payable to the Participant while s/he is under a Disability, subject to the terms of this Plan.
MONTHLY BENEFIT. Subject to Paragraphs 2, 3 and 4 hereof which deal with vesting, your monthly SERP (the “Monthly Benefit”) will equal one-twelfth (1/12) of 55% of Compensation, as hereafter defined, reduced by the sum of (a) the monthly amount which you would be entitled to receive from Social Security assuming you commenced taking benefits at age 65 and (b) the monthly annuitized value of M&I’s contributions to the qualified and nonqualified retirement plans (specifically, the employer match for the 401(k), the profit sharing contribution to the qualified and nonqualified plans (including the employer contributions to the executive deferred compensation plans), and contributions to any future employer-funded retirement plan), increased for earnings attributable thereto from the date of M&I’s contribution, as computed pursuant to Exhibit A hereto. “Compensation” means the average of your base salary and short-term incentive (unreduced for any deferrals) for the five highest years in the last ten years of employment with M&I.
MONTHLY BENEFIT. If Retirement occurs at or after the OFFICER reaches age 65, the monthly benefit shall be equal to 1/12 of an amount equal to seventy-five percent (75%) of the OFFICER's final base salary (determined as of the OFFICER's termination date) ("Base Salary"). For Retirement before the OFFICER reaches age 65, the monthly benefit shall be subject to the standard actuarial reduction factors set forth in the Indianapolis Life Insurance Company Employees' Pension Plan, provided that the monthly benefit shall never be less than 1/12 of an amount equal to 50% of Base Salary. This monthly benefit is subject to reduction under Section III(B)(3) and (4).
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MONTHLY BENEFIT i. For Coverage Year 2022, Employee will receive a maximum benefit up to $1,775.21 per month paid toward the medical, dental, and/or vision premiums, or may be contributed to a Health Reimbursement Account (HRA) and/or Dependent Care Program (DCAP) account at the discretion of the employee, irrespective of single, married, or family status. This amount includes the CalPERS Minimum Employer Contribution (“MEC”). For Coverage Year 2023, the District agrees to pay up to 6% of the increased cost of healthcare (or up to $ $1,881.72 per month), which may be paid toward the medical, dental, and/or vision premiums, or may be contributed to a HRA and/or DCAP account at the discretion of the employee, irrespective of single, married, or family status. This amount includes the MEC.
MONTHLY BENEFIT. Sixty percent (60%) of wages not to exceed $2,000 per month.
MONTHLY BENEFIT. The monthly benefit payable shall be one-twelfth (1/12th) of an amount equal to $75,000.00.
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