Benefit increase definition

Benefit increase means a change or amend- ment in the plan design or benefit structure which results in increased benefits for plan members or beneficiaries.
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Benefit increase means any change that increases the value
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Examples of Benefit increase in a sentence

  • In addition, the Accumulated Value will be reduced to reflect any increased Monthly Deductions resulting from such Death Benefit increase, starting on the date that the increase is effective.

  • In addition, the Accumulated Value will be reduced to reflect any increased Monthly Deductions that result from such Death Benefit increase, starting on the date that the increase is effective.

  • If a premium payment accompanies a request for a Stated Death Benefit increase or is received while a request is pending, the payment will be applied to the policy but commissions shall not be payable until the increase is effective.

  • In addition, the Accumulated Value will be reduced to reflect the increased Monthly Deductions that result from such Death Benefit increase, starting on the date that the increase is effective.

  • The Company may make appropriate adjustments in the Monthly Policy Charges and Policy Value, retroactively and prospectively, consistent with any such Death Benefit increase.

  • In addition, the Accumulated Value will be reduced to reflect the increased Monthly Deductions resulting from such Death Benefit increase, starting on the date that the increase is effective.

  • The parties further agree that any compensation and fringe benefit increases shall not result in forfeiture or penalty to the District from violation of statute, the State Appropriations Act, or any state regulations governing compensation and fringe benefit increases at the time any Compensation and/or Fringe Benefit increase is payable.

  • In addition, the Accumulated Value will ICC19 P19VULM Page [26] be reduced to reflect any increased Monthly Deductions that result from such Death Benefit increase, starting on the date that the increase is effective.

  • MAINTENANCE ZONE EFFECTIVE: MIDNIGHT OCTOBER CLASS NEW + PLUS GROSS Mechanic Probation Condition EMPLOYER PAYROLL COSTS EMPLOYEE DEDUCTIONS CLASS TOTAL Pension Benefit MIA Living SUB TOTAL Union Living TOTAL Mechanic Funds Fund Fund Allowance Fund TOTAL Employer Dues Fund Employee Probation Benefit increase THE MASTER INSULATORS' ASSOCIATION OF ONTARIO INC.

  • SUB TOTAL Union TOTAL TOTAL Employer Dues Fund Employee BASE Vacation TOTAL at Mechanic at Probation Condition Probation Condition Benefit increase THE MASTER ASSOCIATION OF ONTARIO INC.