Basic Weekly Earnings definition

Basic Weekly Earnings means the Covered Person's weekly 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 Weekly Earnings means the Covered Person's weekly 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,

Basic Weekly Earnings means the Employee's weekly rate of earnings from the Company 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.

Examples of Basic Weekly Earnings in a sentence

• If the combined total is more, the Weekly Benefit will be reduced by the excess amount so that the Weekly Benefit plus the Employee's earnings does not exceed 100% of his Basic Weekly Earnings.

• The work incentive benefit will be an amount equal to the Employee's Basic Weekly Earnings multiplied by the benefit percentage shown in the Plan Specifications, without any reductions from earnings.

• The work incentive benefit will only be reduced, if the Weekly Benefit payable plus any earnings exceed 100% of the Employee's Basic Weekly Earnings.

• On the first anniversary of benefit payments and each anniversary thereafter, for the purpose of calculating the benefit, the term "Basic Weekly Earnings" is increased annually by 7%.

• Days 0-49 at 100.00% of Basic Weekly Earnings* Days 50-175 at 60.00% of Basic Weekly Earnings* *Less Other Income Benefits and Other Income Earnings as outlined in Section 4.

More Definitions of Basic Weekly Earnings

Basic Weekly Earnings means the Covered Person's weekly rate of earnings based on their Target Total Compensation (annual base salary plus target commissions set for that year) from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, overtime pay, extra compensation, other than commissions.

Basic Weekly Earnings means the employee’s biweekly rate of earnings from the Employer 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. Benefits are issued according to the Employee’s normal, biweekly pay cycle.

Basic Weekly Earnings means your weekly rate of earnings from the Company in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, overtime pay and extra compensation other than commissions. Commissions will be averaged over the lesser of (a) the 24 month period prior to the date Disability begins; or (b) the period of employment.

Basic Weekly Earnings means the Covered Person's gross weekly 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 other than shift differential pay.

Basic Weekly Earnings means your weekly rate of earnings as figured: (a) from the W-2 form received from the Sponsor for the calendar year just prior to the date Disability or Partial Disability begins; or (b) for the period of employment if no W-2 form was received.

Basic Weekly Earnings means the Insured's rate of earnings from the Policyholder in effect immediately prior to the date a claim begins. It does not include bonuses, overtime pay and other extra compensation other than commissions. Commissions will be averaged over the 12 month period prior to the date a claim begins.

Basic Weekly Earnings means the Covered Person's weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.