Benefit Effective Date definition

Benefit Effective Date means, with respect to any addition or upgrade of benefits on or after the Policy Effective Date, the commencement date of such benefit, subject to the respective waiting period (if any). The respective Benefit Effective Date is specified in the Schedule of Insured(s).

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Benefit Effective Date means the date on which an Employee’s Election becomes effective. In general, the Benefit Effective Date will be the July 1 following the Open Enrollment Period each year. For newly eligible Employees and Dependents, the Benefit Effective Date will be as described in Sections 6.2 and 6.3 of this Plan.

Benefit Effective Date means the commencement date of benefit under this Policy, subject to the respective waiting period (if any). The respective Benefit Effective Date is specified in the Schedule of Insured(s).

Examples of Benefit Effective Date in a sentence

NDPERS must provide its initial Benefit Plan Design(s) to PBM in writing at least sixty (60) days before NDPERS’ Benefit Effective Date.
Commencing at the end of the first month after NDPERS’ Benefit Effective Date, and to be paid at the end of each month thereafter, NDPERS shall pay to PBM any Additional Fees incurred during the previous month as described in Exhibit A.
When NDPERS begins coverage at the time of the Benefit Effective Date NDPERS will be entitled to conduct a Set-Up Audit for purposes of verifying that NDPERS’ Benefit Plan Designs were properly input as of each date by PBM.
PBM agrees to pay its Financial Benefit Guarantees at the end of each quarter, beginning at the end of the second quarter after NDPERS’ Benefit Effective Date and continuing until after NDPERS’ termination date when all Financial Benefits are paid according to this contract.
Subject to, and in consideration of, Executive's release of claims as of the Position Resignation Date contemplated by Section 5 and Executive's other covenants and agreements contained herein and provided that the Benefit Effective Date (as such term is defined below) occurs, the Company shall provide Executive with the payments and benefits set forth in this subsection (c).
The Parties agree that on or before thirty (30) days prior to NDPERS’ Benefit Effective Date, NDPERS may choose which Programs to implement, and in connection with which Covered Items.
The Plan Beneficiary Benefit Effective Date shall be included in NDPERS’ Eligibility Files.
Subject to, and in consideration of, Executive's release of claims as of the Resignation Date contemplated by Section 5 and Executive's other covenants and agreements contained herein and provided that the Benefit Effective Date (as such term is defined below) occurs, the Company shall provide Executive with the payments and benefits set forth in this subsection (b).
The Company shall pay to the Executive (A) an amount equal to one (1) times the Executive's annual base salary as in effect immediately prior to the Resignation Date, payable in twenty-four (24) equal bi-monthly payments starting with the first full pay period of the Company following the Benefit Effective Date.
The Company shall pay to the Executive (A) an amount equal to one (1) times the sum of the Executive's base salary and target bonus (which shall be deemed to be 60% for purposes of this paragraph), payable in twenty-four (24) equal bi-monthly payments starting with the first full pay period of the Company following the Benefit Effective Date.

More Definitions of Benefit Effective Date

Benefit Effective Date. – means the date a benefit becomes effective following any waiting periods that may apply.

Benefit Effective Date means July 1, 2021, which is the date when NDPERS will begin receiving services for its Plan Beneficiaries from PBM. Benefit Plan Design(s) or Plan Design(s) - The term “Benefit Plan Design(s)” or “Plan Design(s)” shall mean all matters described in Exhibit D to the Agreement and/or in a Benefit Specification Form or Benefit Change Form. Benefit Specification Form or BSF - The term “Benefit Specification Form” or “BSF” shall mean the form that is completed by NDPERS that specifies the terms and provisions of NDPERS’ Benefit Plan Design(s) and the configuration of system edits, including but not limited to which prescription and OTC medications are covered by NDPERS (and/or are not covered); Copayments and Coinsurance requirements; the Formulary selected; the Benefit Plan Design tier structure; any limitations on coverage such as deductibles; a description of the HDHP and HSA Plan; and any Programs selected for any Plan, together with the relevant protocols and services that must be rendered in connection with each Program. Each Benefit Specification Form must be executed by PBM and NDPERS. PBM and NDPERS will each retain a copy of all Benefit Specification Forms, but PBM will provide NDPERS with said Forms upon request for Audits.