Common use of The Benefits Clause in Contracts

The Benefits. The full benefit amount is payable as the result of accidental: • Loss of life • Loss of speech and loss of hearing • Loss of speech and one of loss of hand, foot, or sight of one eye • Loss of hearing and one of loss of hand, foot, or sight of one eye • Loss of both hands, both feet, loss of sight or any combination thereof Fifty percent (50%) of the Principal Sum is payable for accidental: • Loss of hand, foot, or sight on one (1) eye (any one (1) of each) • Loss of speech or loss of hearing Twenty-five percent (25%) of the Principal Sum is payable for accidental: • Loss of thumb and index finger of the same hand The Company will consider it a loss of hand or foot even if they are later reattached. The Company will pay the single largest applicable Benefit Amount. a. Loss means with respect to a hand, complete severance through or above the knuckle joints of at least four (4) fingers on the same hand; with respect to a foot, complete severance through or above the ankle joint. b. Benefit Amount means the Loss amount at the time the entire cost of the passenger fare is charged to an eligible Card Account.

Appears in 3 contracts

Sources: Business Cashback Rewards Agreements and Disclosures, Visa Credit Card Agreement, Business Visa Agreements and Disclosures