Benefits Cap definition

Benefits Cap shall have the meaning set forth in Section 9.12.
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Benefits Cap defined as the average FTE allocation required for Benefits Package coverage paid July through September at prior fiscal year Composite Rate for all coverages and costs October through June at current fiscal year Composite Rate.
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof.
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Examples of Benefits Cap in a sentence

  • The intention of the Benefits Cap is to prevent anyone in receipt of benefit receiving an income that is greater than the national average wage of circa £26k for families.

  • The intention of the Benefits Cap was to prevent anyone in receipt of benefit receiving an income that is greater than the national average wage of circa £26k for families.

  • This provides a 6% salary increase as well as an increase in the Health Benefits Cap.

  • Container transport flows as a prerequisite for determination of inland terminal location.

  • The main changes in Local Government Finance are: • Welfare Reform • Implemented: • Localisation of support for Council Tax • Benefits Cap • Social Sector Size Criteria • In Progress: • Universal Credit • Reform of Local Government Finance • Localisation of business rates.

  • Benefits: Cap on Hours Worked to Preserve Retiree Medical CoverageRetirees working full-time thirty (30) or more hours per week will not earn benefits unless they cancel their retirement benefits.

  • The main changes in Local Government Finance are: • Welfare Reform • Localisation of support for Council Tax; • Universal Credit; • Benefits Cap; • Social Sector Size Criteria (bedroom tax).

  • When introduced, the intention of the Benefits Cap was to prevent anyone in receipt of benefit receiving an income that is greater than the national average wage of circa £26k for families.

  • The Welfare Reform Act was passed by Parliament in March 2012 which introduced the concept of a Benefits Cap.

  • The Council has decided to adopt an affordability cap which recognises the Government’s Universal Credit regime and the associated Benefits Cap.


More Definitions of Benefits Cap

Benefits Cap shall have the meaning set forth in Section 4(b).
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof. “Central Expenses” has the meaning assigned to that term in Section 4.2 hereof. “Closing” means the closing of transactions contemplated by this Agreement and the APA as set forth in Section 2.3 hereof. as amended.
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof. “Central Expenses” has the meaning assigned to that term in Section 4.2 hereof.
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Related to Benefits Cap

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Health benefits plan means a benefits plan which pays or

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Fringe benefits means the amount of:

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Final Average Compensation means the average annual

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Societal benefits charge means a charge imposed by an electric

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Final compensation of a member means:

  • Retiree means any person who has begun accruing a retirement