Maximum Annual Benefit definition

Maximum Annual Benefit. Shall be defined as those benefits payable under this Agreement that have annual maximum limits for each Covered Person as shown in Exhibit A and B.

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Maximum Annual Benefit means a maximum annual benefit amount of $36,000 per year for autism support program services for an eligible individual. For the purposes of this program, the annual benefit is calculated by using as a starting date the date the first service is reimbursed by the program and an ending date 12 months from the starting date. Expenditures included in the calculation of the maximum annual benefit include reimbursements to autism service providers for provision of applied behavioral analysis and reimbursements to integrated health homes for costs of care coordination. Cost-sharing paid by the eligible individual is not included in the calculation of the individual’s annual benefit.

Maximum Annual Benefit means an amount calculated by subtracting from the Retirement Factor: (i) the annual accrued benefit as of the Qualifying Event (based on a monthly single life annuity) payable at normal retirement age (as defined in the Pension Plan); (ii) one-half of Executive's Social Security Benefit as of the Qualifying Event; and (iii) the annual single life annuity payable at age 65 based on the Actuarial Equivalent of Executive's account under the Savings Plan as of the Qualifying Event solely attributable to matching contributions made by the Company. Notwithstanding anything in this Section 1 (m) to the contrary, the calculation of the Maximum Annual Benefit shall be based solely on full and consecutive years of employment with the Company or an Affiliate and shall cease to accrue and vest after an Executive's date of termination with the Company or an Affiliate.

Examples of Maximum Annual Benefit in a sentence

Subject to the procedural requirements of Article VII, payable Qualifying Medical Expenses may not exceed the health care spending account premium payment benefit the Covered Employee elected to be credited to his or her Health Care Flexible Spending Account for the Plan Year, less any payments previously made during the Plan Year — up to the Maximum Annual Benefit.
Type I Preventative Services Percentage… 80% Type II Restorative and Replacement Services (e.g., Crowns) Percentage… 80% Type III Orthodontia Services Percentage… 80% Type I and II Services: Maximum Annual Benefit per Covered Member $1,000.00 Type III Services: Maximum Annual Benefit per Covered Member $1,500.00 Payable at 70% of the base salary for a period of 63 weeks after accumulated leave days have been exhausted.
Maximum Annual Benefit means the total Salary Reduction Contributions a Covered Employee authorizes to his or her Health Care Flexible Spending Account, according to the election procedures of Section 7.1, for Qualifying Medical Expense reimbursement, which amount must be not more than an amount communicated annually by the Plan Administrator, which amount shall not exceed the maximum amount allowed under Section 125 of the Code.
Maximum Annual Benefit" - The maximum number of PDL hours that an employee may accrue per year.
Coverage Type Coverage Description In-Network Out-of-Network Annual Deductible A Preventative 100% 100% N/A B Basic Restorative 100% 80% $50 Individual/$100 Family C Major Restorative 50% 50% $50 Individual/$100 Family D Orthodontia 50%* 50%* N/A Maximum Annual Benefit $1,250** $1,000** * Orthodontia has a lifetime maximum benefit of $1,000 for dependents age 19 and under.
Benefit specifications are: Type I Preventive Services Percentage 70% Annual Deductible Amount $-0- Incentive Plan Increments • 10% each succeeding benefit year not to exceed 10% * 100% Type IIRestorative and Replacement Percentage 70% Annual Deductible Amount $-0- Type III Orthodontia Services Percentage 70% Lifetime Deductible Amount $-0- Type I and II Services Maximum Annual Benefit per Covered Member $1,000 Type III Services E.
The Benefit Cost will never exceed the Maximum Annual Benefit Cost shown on the Rider Schedule.
Subject to the procedural requirements of Article VI, payable Dependent Care Expenses may not exceed the Dependent Care Flexible Spending Account premium payment benefit the Covered Employee authorized and which was credited in accordance with Section 4.2, less any payments previously made during the Plan Year — up to the Maximum Annual Benefit.
Single $25 Family $75 Type I – Preventative 100%, no deductible Type II – Basic 80%, after deductible Type III – Major 70%, after deductible Maximum Annual Benefit $2,000 per person Orthodontia (dependents under 19 only) 50% up to $2,500 lifetime Your vision plan allows you to visit any vision care provider.
Benefit specifications are: Type I Preventive Services Percentage 70% Annual Deductible Amount $-0- Incentive Plan Increments 10% * *10% each succeeding benefit year not to exceed 100% Type II Restorative and Replacement Percentage 70% Annual Deductible Amount $-0- Type III Orthodontia Services Percentage 70% Lifetime Deductible Amount $-0- Type I and II Services Maximum Annual Benefit per Covered Member $1,000 Type III Services Maximum Lifetime Benefit per Covered Member $1,500 G.

More Definitions of Maximum Annual Benefit

Maximum Annual Benefit means the total Salary Reduction Contributions a Covered Employee authorizes to his or her Health Care Flexible Spending Account, according to the election procedures of Section 7.1, for Qualifying Medical Expense reimbursement, which amount must be not more than an amount communicated annually by the Plan Administrator, which amount shall not exceed maximum amount allowed under Section 125 of the Code. Plan means the PAREXEL International Corporation Combination Limited Purpose Health Care Flexible Spending Account Plan as herein set forth and as amended from time to time.

Maximum Annual Benefit means $150,000 per Plan Year for each Participant including all of the Participant’s Dependents combined.