Gross Monthly Benefit definition

Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
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Gross Monthly Benefit means the Covered Person's Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
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Gross Monthly Benefit means this policy’s monthly benefit before it is reduced by any current monthly earnings. It is shown in the schedule.
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Examples of Gross Monthly Benefit in a sentence

  • Maximum Basic Monthly Earnings on which the Benefit is Based: Applicable to Class 1: $5,000.00 Applicable to Class 2, 3: $25,000.00 Own Occupation Duration: 24 Month Own Occupation LONG TERM DISABILITY COVERAGE (Continued)Minimum Monthly Benefit: The Minimum Monthly Benefit is $100.00 or 10.00% of the Covered Person's Gross Monthly Benefit, whichever is greater.


More Definitions of Gross Monthly Benefit

Gross Monthly Benefit means the insured's benefit amount before any reduction for other income benefits.
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Gross Monthly Benefit means this certificate’s monthly benefit before it is reduced by any current monthly earnings.
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Gross Monthly Benefit means the monthly benefit payable under the Insurer's original policies prior to any reduction for other income benefits that may be payable as a result of disability.
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Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits.
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Gross Monthly Benefit means the monthly benefit calculated in accordance with paragraph 11 and before any offsets or statutory source deductions, garnishees and Alberta School Employee Benefit Plan premium deductions (2017-01-01)
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Related to Gross Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Monthly salary means the current fixed monthly salary in cash. For part-time employees, the salary shall be adjusted to correspond to a full-time salary.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.