Weekly Earnings definition

Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;
Weekly Earnings means your gross weekly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.
Weekly Earnings means your average gross weekly income as figured:

Examples of Weekly Earnings in a sentence

  • Current Weekly Earnings will not be used to reduce Your Weekly Benefit.

  • It will not exceed the amount shown in the Employer's financial records, the amount for which premium has been paid, or the Maximum Covered Weekly Earnings permitted by the Policy; whichever is less.

  • A = Your Weekly Pre-disability Earnings.B = Your Current Weekly Earnings.

  • However, if the sum of Your Weekly Benefit and Your Current Weekly Earnings exceeds 100% of Your Pre-disability Earnings, the Employer will reduce Your Weekly Benefit by the amount of the excess.

  • If this sum exceeds 100% of Your Basic Weekly Earnings, the Weekly Benefit will be reduced by the amount in excess of 100% of Your Basic Weekly Earnings.


More Definitions of Weekly Earnings

Weekly Earnings means the average contract salary determined from your employment contract with your Employer. The contract salary will be divided by the number of weeks you work annually, as defined by your Employer. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan, or flexible spending account. It does not include income received from commissions, bonuses, shift differential, overtime pay or any other extra compensation, or income received from sources other than your Employer.
Weekly Earnings means an employee's weekly earnings based on forty (40) times his straight time average rate for the forty (40) hours worked prior to the start of disability, excluding any overtime premium or shift bonus.
Weekly Earnings means your weekly income from services with your Employer which was last reported to GuideStone Financial Resources of the Southern Baptist Convention prior to the date of disability. It may include your total income just before taxes and before any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 403(b) annuity, Section 125 plan, or qualified transportation plan. It may include income actually received from bonuses, overtime pay, housing allowance or any other extra compensation, or income received from sources as last reported to GuideStone Financial Resources of the Southern Baptist Convention.
Weekly Earnings means your gross weekly income from us in effect just prior to your date of disability. See Summary of Benefits for a description of how weekly earnings are calculated. WHAT WILL WE USE FOR WEEKLY EARNINGS IF YOU BECOME DISABLED DURING A LAYOFF OR LEAVE OF ABSENCE?If you become disabled while you are on a layoff or leave of absence and are covered under this Plan, we will use your weekly earnings in effect just prior to the date your absence begins. WHAT BENEFIT WILL YOU RECEIVE IF YOU ARE WORKING AND DISABLED? We will send you the weekly payment if you are disabled and your weekly disability earnings, if any, are less than 20% of your weekly earnings. If you are disabled and your weekly disability earnings are from 20% through 80% of your weekly earnings, you will receive payments based on the percentage of income you are losing due to your disability. We will follow this process to figure your payment:
Weekly Earnings means, in the case of a day or shift worker, hours x his regular rate; ”Medical Practitioner” means registered physician or surgeon, registered dentist or registered chiropractor.
Weekly Earnings the weekly earnings of an employee will be the gross amount paid by the Employer for the weeks used in this calculation.
Weekly Earnings means your average weekly income from your Employer just prior to the date of disability and figured: