Personal Benefits definition

Personal Benefits. The SEC’s prior interpretive releases on what the SEC views as a personal benefit or a “perk,” were previously rescinded by Item 402 and as most recently revised, Item 402 does not specifically define “personal benefit.” Item 402, however, does not require disclosure of personal benefits for any individual if the aggregate amount paid to that individual is less than the lesser of (i) $50,000 or (ii) 10% of that individual’s compensation. In general, the position of the SEC has been that benefits which are directly related to job performance, as well as benefits provided to broad categories of employees and which do not discriminate in scope or terms of operation in favor of officers and directors, may be omitted from the calculation of total compensation, while benefits not so related should be disclosed as compensation. If you have any questions, please resolve the issue in favor of disclosure. The Company will review the necessity for disclosure in the proxy statement with its counsel.
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Personal Benefits means the personal and non- transferable (except by transmission on death) entitlements of a Member to reserve and use External Accommodation,to participate in the External Exchange Programme and such further or other benefits, rights, privileges and entitlements from time to time determined by the Responsible Entity as personal to a Member and non-transferable by that Member (except by transmission on death) to any transferee of that Member’s Membership and excludes the Entitlement ofthat Member. Unless the Responsible Entity otherwise determines, Personal Benefits are extinguished on transfer of that Member’s Membership;
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Personal Benefits means any cover provided and payable under the Policy due to Specified Complications of Pregnancy, any Children’s Death Benefit or Multi-Fracture Cover.
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Examples of Personal Benefits in a sentence

  • Requests to be covered for Personal Benefits may only be made: a.

  • If you are already covered for Personal Benefits, requests for changes in Personal Benefits may only be made: a.

  • With respect to all Personal Benefits and all Dependent Benefits, the period determined in accordance with the Employer's general practice for an Employee in your job class.

  • Perquisites and Personal Benefits Perquisites and personal benefits provided to senior management reflect competitive practices and particular business needs.

  • An employee being employed by, serving as a director of, or providing any services to a company that the individual knows or suspects is a material customer, supplier or competitor of the Company (other than services to be provided as part of an employee’s job responsibilities for the Company).• Improper Personal Benefits.

  • Please refer to UB’s Business Standards of Conduct, Section III, Conflicts of Interests, Gift and Other Personal Benefits for specifics of UB’s policy.

  • You must satisfy the Work Requirements in order for your Personal Benefits to become effective.

  • Perquisites and Other Personal Benefits The Company’s NEOs are not generally entitled to significant perquisites or other personal benefits not offered to the Company’s other employees.

  • The Board may at any time amend or terminate the Plan, but no amendment or termination (other than an adjustment pursuant to Section 13 above) shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent.

  • Personal Benefits Prohibited: (1) Except as otherwise allowed by law, no public servant shall have a personal interest in the outcome of any discussion, processing, vote, or other action taken by that person in their official capacity.


More Definitions of Personal Benefits

Personal Benefits mean the benefits which are provided on account of an Employee under This Plan.
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Personal Benefits. The term refers to the value of personal benefits which are not directly related to a person's job performance, furnished by a company (or subsidiaries) directly, or through third persons.
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Related to Personal Benefits

  • Additional Benefits means those benefits in addition to the rights and remedies available under the Australian Consumer Law.

  • Personal Pay means additional pay granted to an employee:

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Mutual Benefits means the transient and steady-state support that the integrated generation and Transmission Systems in PJM and New York provide to each other inherently by virtue of being interconnected as described in Section 35.4 of this Agreement.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • 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;

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

  • Personal harassment means any improper behaviour by a person employed by the Employer that is directed at and offensive to another person employed by the Employer which the first person knew or ought reasonably to have known would be unwelcome. Personal harassment comprises objectionable conduct, comment, act or display that demeans, belittles or causes personal humiliation or embarrassment to the recipient.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • personal pension scheme means a personal pension scheme which--

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Mutual benefit corporation means a nonprofit corporation:

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Change in Control Benefits means the following benefits:

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Employment benefits means all benefits provided or made

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Societal benefits charge means a charge imposed by an electric