Capital Benefit definition
Examples of Capital Benefit in a sentence
Coastal shall credit New Coastal Employees for amounts paid under First Capital Benefit Plans for the plan year including the Effective Time for purposes of applying deductibles, co-payments, and out of pocket maximums under the Coastal Benefit Plans.
Any of the First Capital Benefit Plans which is an "employee welfare benefit plan," as that term is defined in Section 3(l) of ERISA, or an "employee pension benefit plan," as that term is defined in Section 3(2) of ERISA, is referred to herein as a "First Capital ERISA Plan." No First Capital Benefit Plan is or has been a "multi-employer plan" (within the meaning of Section 3(37) of ERISA).
Except as would not reasonably be expected, individually or in the aggregate, to be material to Atlantic Capital and its Subsidiaries, taken as a whole, neither Atlantic Capital nor any of its Subsidiaries has taken any action to take corrective action or make a filing under any voluntary correction program of the IRS, Department of Labor or any other Governmental Entity with respect to any Atlantic Capital Benefit Plan.
No First Capital Company has engaged in a transaction with respect to any First Capital Benefit Plan that, assuming the Taxable Period of such transaction expired as of the date hereof, would subject any First Capital Company to a Material Tax or penalty imposed by either Section 4975 of the Internal Revenue Code or Section 502(i) of ERISA in amounts which are reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on any First Capital Company.
From and after the Effective Time, New BBX Capital shall retain or assume all Liabilities under and perform all obligations under all New BBX Capital Benefit Plans.
The Income Protection cover also contains Capital Benefit (for Death and permanent total disablement) and weekly benefits.
If the Insured Person disappears during the Period of Insurance and is / are not found within 12 (twelve months) of disappearing, and sufficient evidence is produced that leads the Insurers inevitably to the conclusion that the Insured Person has sustained Bodily Injury and that such Bodily Injury has caused their death, the Sum Insured for Capital Benefit Item 1 Death shall become payable hereunder.
The liability of the Insurers under Section 6B Personal Accident Assault for any one Insured Person shall not exceed the Capital Benefit Item 1 Death.
As of the Effective Time, Trust shall, assume the Capital Benefit Plans.
In the event that Buyer notifies General Moly that any shipment of Products should be made to a named place of destination in the United States, Canada or Mexico instead of the Delivery Point, the Product Price will be reduced for any such delivery in an amount equal to [****] of the Freight Savings and Working Capital Benefit.