TOTAL DISABILITY BENEFIT Sample Clauses

TOTAL DISABILITY BENEFIT. If you become totally disabled before your normal retirement date, your life benefits continue as follows: • your Basic Life Insurance plan will be kept in force without cost to you • your Optional, Dependent and Optional Spousal Life Insurance plans may be kept in force without cost to you if the premiums are waived by the insurance carrier based on acceptable proof of disability. If the premiums are not waived by the carrier, the plans may be continued at full cost to you.
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TOTAL DISABILITY BENEFIT. Subject to the conditions and exceptions stated below, after we have approved a claim, we will pay premiums into the contract on each monthly date while the Insured is totally disabled. The amounts of these payments are shown under the Schedule of Disability Benefits in this rider. This is subject to all the provisions of this rider and the rest of this contract. We treat each payment made by us as described under Premium Payment. Payments made by us will be used to increase the accumulated premiums described in Death Benefit Guarantee.
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TOTAL DISABILITY BENEFIT. If you are Totally Disabled due to Sickness or Injury we will pay the Total Disability Benefit which is the sum of the Monthly Benefit and any Super Continuance Monthly Benefit. The Total Disability Benefit is payable to you but that part of the benefit which comprises any Super Continuance Monthly Benefit will be paid to a superannuation plan in accordance with condition 4.3 of this Policy. When does the benefit start? We will only start paying the Total Disability Benefit if Total Disability as a result of the same Sickness or Injury continues after the Waiting Period. The Total Disability Benefit starts to accrue from the first day after the Waiting Period has ended. How long will we pay the benefit? The Total Disability Benefit will end when the first of the following events occur: How long will we pay the benefit? The Partial Disability Benefit will end when the first of the following events occur: ■ you are no longer Partially Disabled; ■ you come to the end of the Benefit Period; ■ the Policy Expiry Date is reached; or ■ your death. When will we pay the benefit? We will pay the Partial Disability Benefit in the month immedi- ately following the month during which you became entitled to it. What benefit will be paid? The Partial Disability Benefit will be a proportion of the total of the Monthly Benefit and any Super Continuance Monthly Benefit arrived at according to the following formula: ■ you are no longer Totally Disabled;
Sample 1
TOTAL DISABILITY BENEFIT. Subject to the conditions and limitations imposed by this Agreement, if the Executive becomes totally disabled while in the employ of the Corporation, the Corporation shall pay the Executive his Accrued Benefit commencing as of his Normal Retirement Date. Notwithstanding the foregoing, if a majority of the Board determines that payments should commence earlier to prevent undue hardship to the Executive, the Corporation may commence payment of the Executive's Accrued Benefit at an earlier date, in which event the amount of the annual payments shall be discounted in accordance with the Applicable Interest Rate in effect for the month before such payments commence. The decision of a majority of the Board as to whether the Executive is "totally disabled" or whether early payments are necessary to prevent undue hardship to the Executive shall be conclusive for the purposes of this Agreement.
Sample 1
TOTAL DISABILITY BENEFIT. Should you become totally disabled for more than six (6) months prior to age sixty-five (65) and are unable to perform any occupation for remuneration, the amount of our optional life insurance will continue without payment of premium until age sixty-five (65) or recovery, as long as this policy remains in force. Conversion Privilege Your optional life insurance may be converted on your 65th birthday. Prior to your 65`h birthday, optional life insurance may be converted only if your basic life insurance is converted.
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Related to TOTAL DISABILITY BENEFIT

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Total Disability (a) Total disability, as used in this Plan, means the complete inability because of an accident or sickness of a covered employee to perform all the duties of his/her own occupation for the first two (2) years of disability. Thereafter, employees able by reason of education, training or experience to perform the duties of a gainful occupation for which the rate of pay is not less than seventy-five percent (75%) of the current rate of pay of their regular occupation at date of disability will not be considered totally disabled and will therefore not be eligible for benefits under this Long Term Disability Plan.

  • Long Term Disability Benefits A benefit level of seventy percent (70%) of monthly earnings shall apply. Benefits would commence after a waiting period of seventeen (17) weeks, when Short Term Disability Benefits terminate. Terms of the Master Policy with the Insurance Company shall apply. Statement of Intent In order to go on LTD, the person must:

  • Short Term Disability Benefits Paragraph 1: The Board shall provide short term disability benefits as set forth in the Short Term Disability Summary Plan Description. Short term disability benefits for disabilities resulting from non-occupational illness or injury, shall be paid at the rate of 70% of the teacher’s regular daily rate, subject to all applicable deductions. A teacher may choose to save up to five (5) accumulated temporary leave days. Following the exhaustion of temporary leave, there is a five day waiting period before short term disability benefits begin. The five day waiting period will be waived for absences greater than 30 calendar days and short term disability payments shall be paid retroactively.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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