Health Benefit Payment Period definition

Health Benefit Payment Period means eighteen (18) months for a Tier 1 Employee, twelve (12) months for a Tier 2 Employee, (9) months for a Tier 3 Employee and six (6) months for a Tier 4 Employee.
Sample 1

Examples of Health Benefit Payment Period in a sentence

  • If you voluntarily enroll in a health insurance plan offered by another employer or entity during the Initial Health Benefit Payment Period, you must immediately notify the Company of such event, and the Company’s obligation to pay insurance premiums on your behalf shall immediately cease.

  • The CEP Buyer acknowledges and agrees that, pursuant to the standard practice and procedure of the Court and under the Code for sales of assets of a Chapter 11 estate, this offer shall be subject to the counteroffer and bid procedure described in Rule 6004-1 (a)(1)(B) of the Local Bankruptcy Rules of the Court (MLBR).

  • The decision not to renew funding after April 2021 has been communicated at this stage in the Spending Review process in order to give a greater period of notice.The National Skills Fund is a substantial commitment to invest £2.5 billion in skills development over this parliament, which compares to£12 million in the current annual budget for Unionlearn.

  • All Recruiting Managers are responsible for upholding the standards laid out in the Recruitment and Selection Policy and all policies relating to Equality and Diversity and for the correct completion of all relevant documentation.

  • Such Additional Special Severance Payment shall end on the earlier of (x) the date on which you voluntarily enroll in a health insurance plan offered by another employer or entity and (y) the expiration of the Post-Separation Health Benefit Payment Period.

Related to Health Benefit Payment Period

  • 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.

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Extended benefit period means a period which:

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • 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.

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Termination Benefit means the benefit set forth in Article 7.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Retirement Benefit means the benefit set forth in Article 5.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Post-Employment Period shall have the meaning set forth in Article 8.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.