Basic Monthly Earnings definition

Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

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Basic Monthly Earnings means the Covered Person's monthly rate of earnings from the Sponsor as of the September 30th immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and any other extra compensation.

Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include overtime pay and extra compensation other than commissions and bonuses. Commissions and bonuses will be averaged over the lesser of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.

Examples of Basic Monthly Earnings in a sentence

• The lesser of 60% of your Basic Monthly Earnings or $4,000, minus other income.

• The lesser of 60% of your Basic Monthly Earnings or $4,000, minus other income as provided by the policy.

• Sixty-six and two-thirds (662/3%) percent of Basic Monthly Earnings not to exceed a Maximum Monthly Benefit of $5,000 less Other Income Benefits.

• Accordingly, the definition of Basic Monthly Earnings is modified during an Approved Rehabilitation Program to mean (a) Basic Monthly Earnings in effect immediately prior to commencement of disability, less (b) Work Earnings.

• Basic Monthly Earnings means For hourly-paid Members - number of hours regularly scheduled to work, but not more than 173, times basic hourly wage (not including overtime, bonuses, commissions and other extra compensation).

More Definitions of Basic Monthly Earnings

Basic Monthly Earnings means the Covered Person's gross monthly rate of earnings from the Sponsor as of the December 31st immediately prior to the date Disability or Partial Disability begins. Such earnings will not include bonuses, overtime pay and extra compensation other than commissions. Commissions will be averaged over the less of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.

Basic Monthly Earnings means the Covered Person's monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay, shift differential pay, stock options and stock bonuses, non-benefits-eligible earnings, Sponsor contributions to any deferred compensation arrangement or pension plan, and any other extra compensation.

Basic Monthly Earnings means the Covered Person's monthly rate of earnings from the Sponsor in effect immediately prior to the date Long Term Disability benefits begin. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

Basic Monthly Earnings means your monthly rate of earnings from the employer in effect immediately prior to the date total disability begins. It does not include bonuses, overtime pay and extra compensation.

Basic Monthly Earnings means 1/12th of the supervisor's annual contract salary.

Basic Monthly Earnings means your gross monthly income from the employer in effect just prior to the date of disability. It does not include commissions, bonuses, overtime pay and other extra compensation.

Basic Monthly Earnings means the insured’s average monthly salary in effect just prior to the date disability begins. It also includes earnings from schedule K-1 of the federal income tax return.