Basic Benefit definition

Basic Benefit means the type and amount of support services available to each eligible individual, specifically:

Basic Benefit means the amount determined under Section 4.1 at the time of reference.

Basic Benefit means the accrual made by the Company for the benefit of a Participant equal to 15 percent of the Participant's Compensation, or such lesser amount as the Committee establishes pursuant to Section 3.2.

Examples of Basic Benefit in a sentence

• Routine prophylaxes are covered as a Diagnostic and Preventive Benefit and periodontal prophylaxes are covered as a Basic Benefit.

• The expense for certain superannuation schemes (i.e. Basic Benefit and First State Super) is calculated as a percentage of the employees’ salary.

• The expense for certain superannuation schemes (i.e. Basic Benefit and First State Super) is calculated as a percentage of the employees' salary.

• At retirement, members can elect the Basic Benefit, the Survivor Option, a Partial Lump-Sum Option Payment (PLOP) or the Advance Pension Option.

• The VRS Basic Benefit is a lifetime monthly benefit based on a retirement multiplier as a percentage of the member’s average final compensation multiplied by the member’s total service credit.

More Definitions of Basic Benefit

Basic Benefit means the accrual made by the Company for the benefit of a Participant equal to 15 percent of the Participant's Compensation.

Basic Benefit means the benefit established pursuant to Section 134 of this Chapter.

Basic Benefit means the Total Benefit determined under the Basic Benefit formula, as set forth in Section 3.3.

Basic Benefit is equal to the lesser of the state maximum rate or the sum of the premium costs for family Dental, Vision, Long Term Disability, Health Care Authority retiree program, and Medical insurance.

Basic Benefit means the benefit payable under Section 1 of Appendix E, provided all conditions for eligibility are satisfied.

Basic Benefit means an amount equal to an Employee's Base Pay, paid for the duration set forth in Section 3.1.

Basic Benefit means the basic insurance cover as shown on the schedule page orendorsement and as stated in the basic benefit conditions of this basic benefit contract.