Optional Benefit definition

Optional Benefit means the optional benefit described as being available in certain Sections of this Policy.

Optional Benefit means a benefit included in this Policy which is included at the option of the Policyholder with the agreement of the Company and in respect of which the relevant rider is attached to this Policy and which is described as an affirmed benefit and for which additional premiums are payable to the Company.

Optional Benefit means the optional benefit described as being available in certain Sections of your Policy. Optional benefits that are covered are shown as being operative in the Schedule.

Examples of Optional Benefit in a sentence

• GENERAL TERMS AND CONDITIONSIV.1. Duty of DisclosureThe Policy shall be null and void and no Benefit or Optional Benefit shall be payable hereunder in the event of an untrue or incorrect statement, misrepresentation, mis- description or non-disclosure of any material particular in the Group Proposal Form, personal statements, declarations, medical history and connected documents, or any material information having been withheld by the Policyholder or any one acting on their behalf, under this Policy.

• We do not assume any liability towards any loss or damage arising out of or in relation to any opinion, advice, prescription, actual or alleged errors, omissions and representations made by the Medical Practitioner.All claims under this Optional Benefit shall be made in accordance with under SectionIII.3 of the Policy.

• The expert opinion under this Optional Benefit shall be limited to Critical Illnesses as listed n Section II.A and shall not be valid for any medico legal purposes.

• In the event that Member is required to pay Optional Benefit Fees in connection with Acronis granting Member an Optional Benefit, Member will pay the Optional Benefit Fees to the bank account that Acronis designates.

• In addition to and not in derogation of Section 9.2 (Exclusion of Damages) above, the total cumulative liability of Acronis under the Agreement to Member whether in contract, in tort (including negligence or strict liability), or any other legal theory, will not exceed the amount of Optional Benefit Fees that Acronis has received from Member in the twelve (12) month period preceding the circumstances giving rise to the first claim at issue.

More Definitions of Optional Benefit

Optional Benefit means an optional Benefit that Acronis may offer to Member which is not listed as a Benefit at a particular Program Level, which may or may not include a fee.

Optional Benefit means the endorsement(s) or clauses described as being available in Your Policy. Optional benefits are not applicable unless they are shown as being operative in the Schedule.

Optional Benefit. 3 : SMART HOSPI-CARE PLUS If an Insured Member is diagnosed with an Illness or suffers an Injury which requires the Insured Member to be admitted in a Hospital in India which should be Medically Necessary during the Cover Year and while the Policy is in force for:

Optional Benefit means the benefit plan option elected by a Participant with respect the Component Plans as described in Plan Article V.

Optional Benefit means the District approved insurance program (namely, Voluntary Employee Benefit Association [VEBA] Trust) which is not a basic benefit program as described in Section 8.05, above. The District's contributions for optional benefits, based on the same contribution ratio among eligible employees as is reflected in Section 8.04, above, will be designed to utilize, in combination with the District's basic benefits contributions, the total insurance pool as defined in Section 8.06.B., above. Payroll deductions will be made for insurance premiums not covered by District contributions. No District contributions for optional benefits will be made during 2015-16 except as may result from the operation of this section. (Reference attached Basic Benefit/VEBA Memorandum of Understanding.) 8.07 2016-17 and 2017-18 2016-17 and 2017-18: For the 2016-17 and 2017-18 school years, the concept and methodology set forth for 2015-16 will be utilized based on a District contribution equal to the State Health Care Authority’s benefit allocation less the appropriate retiree benefit allocation (carveout). In the event of a change in the State support figure per month, the District's monthly contribution will be changed accordingly. Additionally, for the 2016-17 and 2017-18 school years, the District agrees to fund the medical, dental, and vision benefits in the same manner as is agreed to between the District and the Bellingham Education Association. The District and the Teamsters may mutually agree to adjust the menu of available plans or other details of the insurance program. To maintain compliance with legal mandates for health benefits, the parties will reopen for the medical portion of Health and Welfare for each year of this agreement for the implementation of state-required changes, if appropriate.