Benefit Payment definition

Benefit Payment means a payment issued by the Contract Administrator to a provider or Participant based on the Maximum Allowable Fee Schedule for an in-network service or supply. The Maximum Allowable Fee Schedule is a payment system that reimburses up to a specified dollar amount for services rendered. Payment will never exceed the Maximum Allowable Charge.

Benefit Payment. The long-term disability benefit payment is 66 2/3 percent of the employee’s base weekly wages calculated on average earnings in the previous six months. The benefit may be paid for the period of disability or until age 65, whichever is sooner. Payments are made once a month. The benefit is taxable income. • Return to work: The employee must return to work as soon as permitted by his or her health care provider. The employee must submit a fitness-to-return-to-duty clearance to the Human Resources Director.

Benefit Payment means the payment of a benefit determined in terms of the registered Rules of the Fund, which includes a retirement, retrenchment, resignation and death benefit in respect of a Member, or divorce award payment to a non-member spouse. "Benefit Payments" shall have a corresponding meaning.

Examples of Benefit Payment in a sentence

• Submit an “Unemployment Insurance Benefit Payment History” inquiry printout.

• In addition, if a Corrective Action Plan (CAP) has been adopted that includes scheduled contributions to an OPEB trust, those are shown for the same period as either reported to us or developed with assistance from Watkins Ross: Fiscal YearTotal OPEB Benefit Payment Amount (All Systems) In addition to the benefit payments shown above, a graphic illustration of 20 years of projected benefit payments for the current group of covered lives is shown below.

• Methods Of PaymentRecipient means a person who is entitled to benefits under this Benefit Payment and Beneficiary Provisions section.

• Benefits for such health care professionals will be provided at the Benefit Payment for Other Covered Services described in the OTHER COVERED SERVICES section of this Certificate.

• With the exception of the first such adjustment, if the portion of the Permitted Sign used for advertising content increases in size (beyond that approved pursuant to the Permitted Sign Approvals) during the Term of this Agreement as permitted by the Sunset Specific Plan, the Public Benefit Payment shall increase at a percentage equal to the percentage increase in sign area used for advertising content.

More Definitions of Benefit Payment

Benefit Payment. The short-term disability benefit payment is 66 2/3 percent of the employee’s base weekly wages calculated on average earnings in the previous year. The benefit may be paid for a maximum of 12 weeks per calendar year. Payments are made once a week. The benefit is taxable income. • Return to work: The employee must return to work as soon as permitted by his or her health care provider. The employee must submit a fitness-to-return-to-duty clearance to the Human Resources Director. An employee whose absence has been designated as FMLA (Family and Medical Leave Act) leave is eligible for reinstatement as provided by the FMLA.

Benefit Payment. The Annuity Benefit or Death Benefit payable under a settlement option. Variable Dollar Benefit payments may vary in amount. Fixed Dollar Benefit payments remain constant except under certain joint and survivor settlement options.

Benefit Payment a distribution that is permitted by the Plan on behalf of a Participant.

Benefit Payment means the amount equal to the excess of the then-COBRA premium charged by the Company to terminated employees, as in effect at the Effective Date of Termination, over the premium for such benefits charged to active employees, applicable to the benefits for which Participant was enrolled at the Effective Date of Termination.

Benefit Payment means a Federal benefit payment referred to in 31 CFR 212.2(b) paid by direct deposit to an account with the character “XX” encoded in positions 54 and 55 of the Company Entry Description field and the number “2” encoded in the Originator Status Code field of the Batch Header Record of the direct deposit entry. 5

Benefit Payment or “cash benefit” means a monetary amount which that the Department pays to an assistance unit for a particular benefit month.

Benefit Payment has the meaning set out in section 14 of this Agreement.