Plan Benefit Clause Samples
The Plan Benefit clause defines the specific advantages, services, or coverage that a participant is entitled to under a particular plan, such as a health insurance or employee benefits plan. It typically outlines what types of expenses or services are covered, any limitations or exclusions, and the conditions under which benefits are provided. By clearly specifying the scope and nature of the benefits, this clause ensures that both the plan provider and participants understand their rights and obligations, thereby reducing misunderstandings and disputes regarding coverage.
Plan Benefit. “Plan Benefit” means the benefit payable to a Participant as determined in accordance with the provisions of this Plan.
Plan Benefit. (a) The “Plan Benefit” is the lesser of (a) 100% of Dependent Care Expenses incurred during the Plan Year and the Grace Period or (b) the maximum benefit elected by the Participant for the Plan Year.
(b) The Participant may elect a maximum benefit of up to $5,000 for a Plan Year ($2,500 in the case of a married Participant that files a separate income tax return).
Plan Benefit. Participants receive a lump sum payment of $16,000 termination pay to be paid to TRS. The District and employees are responsible for their share of the appropriate payroll withholdings/taxes. NOTE: Participants must irrevocably and unconditionally commit by 4:00 p.m. MST by May 1 of the year preceding retirement.
Plan Benefit. DESCRIPTION OF PLAN
Plan Benefit. The benefit payable to a Participant in accordance with Article V hereof.
Plan Benefit. The District agrees to directly reimburse the qualified employee for health care premiums and deductibles incurred by the employee. Claims will be reimbursed at a rate of 100%, not to exceed the amount in the employee’s account.
Plan Benefit. The benefit provided in accordance with the Plan.
Plan Benefit. The order must not require the Plan to provide any type or form of benefit, or any option, not otherwise provided under the terms of the Plan. The order must not require the Plan to provide increased benefits (determined on the basis of actuarial value) nor require the payment of benefits to an Alternate Payee which are required to be paid to an Alternate Payee under a previous Qualified Domestic Relations Order;
Plan Benefit. Plan Benefit" means the benefit payable to the Participant as calculated in Article V.
Plan Benefit. Year shall mean the period beginning January 1 and ending on December 31 each year or as otherwise defined in the applicable Plan documents, Underwriting Guidelines and Participation Agreements.