Aggregate Benefit definition
Aggregate Benefit means the sum of:
Aggregate Benefit shall be an amount equal to the Employee’s Monthly Benefit multiplied by 240.
Aggregate Benefit means the amount that Alliant agrees to pay the Insured after the end of the Policy Year for Eligible Claim Expenses as set forth in Section 1. Declarations and pursuant to the terms, conditions, and limitations of this Policy.
Examples of Aggregate Benefit in a sentence
Notwithstanding any other provision of this Agreement, if the Executive’s employment with the Corporation terminates at any time following a Change in Control, whether such termination is initiated by the Executive or by the Corporation (unless the termination is by the Corporation for Cause), the lump sum benefit payable under Section 4(f)(i) or (ii), as applicable, will equal the Executive’s Aggregate Benefit (without any reduction for vesting or for discounting).
Description of Benefit (Arising from Diving Accident Only) Other Terms & Conditions (Benefit Limit) Aggregate Benefit Limit This plan does not provide comprehensive health care coverage and is not major medical insurance.
All direct expenses incurred by Defendants in connection with publishing the Newspaper Notice shall be deducted from the Aggregate Benefit Payment.
Medicare Eligible Retirees who exceed 60 percent and 85 percent of the Maximum Aggregate Benefit will receive a notification of the medical and pharmacy benefits applied toward the Maximum Aggregate Benefit.
Upon reaching the Maximum Aggregate Benefit, Retirees will receive a notice of coverage termination.
More Definitions of Aggregate Benefit
Aggregate Benefit means the sum of the present values of the Participant’s vested benefits under this Plan and all other Aggregated Plans, but excluding benefits that are grandfathered for purposes of Code Section 409A.
Aggregate Benefit means the sum of:
(1) the present value of the accrued benefit issued X and all defined benefit plans in the Aggregation Group determined on each plan's individual Determination Date as if there were a termination of employment on the most recent date the plan is valued by an actuary for purposes of computing plan costs under Section 412 of the Code within the twelve (12) month period ending on the Determination Date of each such plan, but with respect to the first plan year of any such plan determined by taking into account the estimated accrued benefit as of the Determination Date; provided
(A) the method of accrual used for the purpose of this Paragraph (1) shall be the same as that used under all plans maintained by all Employers and Commonly Controlled Entities if a single method is used by all stock plans or, otherwise, the slowest accrual method permitted under Section 411(b)(1)(C) of the Code, and (B) the actuarial assumptions to be applied for purposes of this Paragraph (1) shall be the same assumptions as those applied for purposes of determining the actuarial equivalents of optional benefits under the particular plan, except that the interest rate assumption shall be five percent (5%);
(2) the present value of the accrued benefit (i.e., account balances) under each and all defined contribution plans in the Aggregation Group, valued as of the valuation date coinciding with or immediately preceding the Determination Date of each such plan, including (A) contributions made after the valuation date but on or prior to the Determination Date, (B) with respect to the first plan year of any plan, any contribution made subsequent to the Determination Date but allocable as of any date in the first plan year, or (C) with respect to any defined contribution plan subject to Section 412 of the Code, any contribution made after the Determination Date that is allocable as of a date on or prior to the Determination Date; and
(3) the sum of each and all amounts distributed (other than a rollover or plan-to-plan transfer) from any Aggregation Group Plan, plus a rollover or plan-to-plan transfer initiated by the Employee and made to a plan which is not an Aggregation Group Plan within the Current Plan Year or within the preceding four (4) plan years of any such plan, provided such amounts are not already included in the present value of the accrued benefits as of the valuation date coincident with or immediately preceding the Determination Date. The Aggregate Benef...
Aggregate Benefit means the sum of:
(i) the present value of the accrued benefit under each and all defined benefit plans in the Aggregation Group determined on each plan's individual Determination Date as if there were a termination of employment on the most recent date the plan is valued by an actuary for purposes of computing plan costs under Section 412 of the Code within the 12-month period ending on the Determination Date of each such plan, but with respect to the first plan year of any such plan determined by taking into account the estimated accrued benefit as of the Determination Date; provided, the actuarial assumptions to be applied for purposes of this Paragraph (i) shall be the same assumptions as those applied for purposes of determining the actuarial equivalents of optional benefits under the particular plan, except that the interest rate assumption shall be 5 percent;
(ii) the present value of the accrued benefit (i.e., account balances) under each and all defined contribution plans in the Aggregation Group, valued as of the valuation date coinciding with or immediately preceding the Determination Date of each such plan, including (A) contributions made after the valuation date but on or prior to the Determination Date, (B) with respect to the first plan year of any plan, any contribution made subsequent to the Determination Date but allocable as of any date in the first plan year, or (C) with respect to any defined contribution plan subject to Section 412 of the Code, any contribution made after the Determination Date that is allocable as of a date on or prior to the Determination Date; and
(iii) the sum of each and all amounts distributed (other than a rollover or plan-to-plan transfer) from any Aggregation Group Plan, plus a rollover or plan-to-plan transfer initiated by the Employee and made to a plan which is not an Aggregation Group Plan within the Current Plan Year or within the preceding four plan years of any such plan, provided such amounts are not already included in the present value of the accrued benefits as of the valuation date coincident with or immediately preceding the Determination Date. The Aggregate Benefit shall not include the value of any rollover or plan-to-plan transfer to an Aggregation Group Plan, the contribution or transfer of which was initiated by a Participant, was from a plan which was not an Aggregation Group Plan and was made after December 31, 1983, nor shall the Aggregate Benefit include the value of employee contributi...
Aggregate Benefit means the combined total Benefits available to a Member and his or her beneficiaries.
Aggregate Benefit means an amount equal to the Executive’s Adjusted Monthly Benefit multiplied by the number of months in the Aggregate Benefit Period, calculated on a gross basis without any discount to present value.
Aggregate Benefit. The amount that HHSI agrees to pay the Contract Holder after the end of the Contract Period for Eligible Claims Payments Paid under the Contract Holder’s Employee Benefit Plan, as set forth in the Schedule. Aggregate Benefit Maximum: The maximum dollar amount, shown on the Schedule of Benefits that HHSI will pay for the Aggregate Benefit. Aggregate Contract Basis: The dates during which Employee Benefit Plan expenses must be Incurred and must be Paid under the Contract Holder’s Employee Benefit Plan to be considered eligible for reimbursement as Aggregate Benefits. Aggregate Monthly Factor per Covered Unit: An amount determined by HHSI that represents the average expected claims multiplied by the Aggregate Payable Percentage, as specified in the Schedule. Aggregate Attachment Point Per Month: The Aggregate Monthly Factor per Covered Unit shown in the Schedule multiplied by the Number of Covered Units during the month. Annual Aggregate Attachment Point: The Aggregate Monthly Factor per Covered Unit shown in the Schedule multiplied by the total Number of Covered Units during the Contract Period.
Aggregate Benefit means the sum of: (1) the present value of the accrued benefit under each and all defined benefit plans in the Aggregation Group determined on each plan's individual Determination Date as if there were a termination of employment on the most recent date the plan is valued by an actuary for purposes of computing plan costs under Section 412 of the Code within the twelve (12) month period ending on the Determination Date of each such plan, but with respect to the first plan year of any such plan determined by taking into account the estimated accrued benefit as of the Determination Date; provided (A) the method of accrual used for the purpose of this Paragraph (1) shall be the same as that used under all plans maintained by all Employers and Commonly Controlled Entities if a single method is used by all stock plans or, otherwise, the slowest accrual method permitted under Section 411(b)(1)(C) of the Code, and (B) the actuarial assumptions to be applied for purposes of this Paragraph (1) shall be the same assumptions as those applied for purposes of determining the actuarial equivalents of optional benefits under the particular plan, except that the interest rate assumption shall be five percent (5%);