Loss Benefit definition

Loss Benefit means, in connection with a Loss: (a) the amount of tax savings that the Indemnified Party benefits from in any manner and effectively uses as a result of the relevant Loss, plus (b) any insurance proceeds actually paid to the Indemnified Party with respect to such Loss, plus (c) any indemnity, contribution or other similar payment actually made to the relevant Indemnified Party by a Third Party with respect to the respective Loss, less (d) reasonable costs and expenses incurred in obtaining the amounts and benefits described in items (a) to (c) above
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Examples of Loss Benefit in a sentence

  • Within ten days of the Termination Date, the Reinsurer will pay the Company $200,000 and any Stop Loss Benefit for any preceding calendar quarter that is due and unpaid.

  • If you suffer a Loss, as defined below, as a result of an accident or exposure to the natural elements, we will consider you Disabled, for the purpose of this Specific Loss Benefit, for the applicable Minimum Benefit Period outlined below.

  • The Specific Loss Benefit will be paid to you for the number of monthly payments specified in the table below.

  • Acupuncture Therapy Benefit – Under the supervision of a MD/DO Covered – 90% after deductible (up to 20 visits annually) Covered – 90% after deductible (up to 20 visits annually) Weight Loss Benefit Upon meeting conditions, eligible for a lifetime maximum reimbursement of $300 for non-medical, weight reduction.

  • The Stop Loss Benefit shall be paid in accordance with Article 7 hereof.

  • The Stop Loss Benefit shall be paid in accordance with Article V hereof.

  • Up to six (6) Billing Cycles per continuous occurrence or until Involuntary Job Loss ceases, whichever occurs first; at least 365 days must elapse between the end of one Minimum Payment Benefit Period and the beginning of another to receive a subsequent Involuntary Job Loss Benefit from us under this Addendum.

  • For the term of this aAgreement and any period of status quo under law after the completion of this contract, the City shallmake a Health and Welfare monthly premium payment of 95% of the cost of the FWL/D6/V4/R3 Teamster plan, with Supplemental Time Loss Benefit for each employee who has been compensated for eighty (80) hours or more during the preceding month.

  • Payment will be made in accordance with the Schedule of Insurance as follows: Loss Benefit Life The Principal Sum Both Hands The Principal Sum Both Feet The Principal Sum Entire Sight of Both Eyes The Principal Sum One Hand and One Foot The Principal Sum One Hand and the Entire Sight of One Eye The Principal Sum One Foot and the Entire Sight of One Eye.

  • The Reinsurer shall be liable to the Company for the Stop Loss Benefit calculated with respect to each calendar quarter during the Term; provided that, until such time (if ever) as the Trust Account balance equals zero, the Reinsurer shall be entitled to offset Stop Loss Benefits owed to the Company against Premium payable to the Reinsurer by the Company (any amount so offset being referred to herein as a “Stop Loss Offset Amount”).