Benefit Commencement Sample Clauses

Benefit Commencement. 1st day of disability for accident 8th consecutive day of disability for sickness If you must be hospitalized because of an accident or sickness, benefit payments will begin as of the date you’re confined in a legally licensed hospital as an in-patient for at least 24 hours. Maximum Benefit Period: 33 weeks Definition of "totally disabled" in respect of the STD benefit: You must be unable to perform the essential duties of your own occupation. Availability of your own occupation is not relevant when assessing disability from your own occupation. Tax Status of this Short Term Disability (S.T.D.) plan: According to information provided by your Group Plan Administrator and our current records, your S.T.D. benefit payments are taxable income to you and we will provide you with a T4A for the current tax year. Any dispute regarding the taxation of your benefits shall be governed by applicable legislation and decisions of tax authorities. Please contact your Group Plan Administrator or your tax advisor if you have any questions or concerns. EMPLOYEE AND DEPENDENT HEALTH BENEFITS Deductible Amount per prescription for the Drug Plan: nil Deductible Amount per calendar year for all other benefits: nil Reimbursement Percentage: Drug Plan: 80% Major Services: 80% Hospital Services: 80% Vision Care Services: 80% Benefits: Pay-Direct Drug Plan #84G Note: This is a Generic Drug Plan and the maximum that will be eligible is an amount equal to the lowest priced alternative drug in accordance with Equitable Life of Canada’s adjudication practices at the time of claim, except where the physician or dentist indicates on the prescription “no substitution”. An alternative drug includes but is not limited to:
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Benefit Commencement. Accident: 1st day
Benefit Commencement day of disability. Maximum Period To age (65) or prior to Offset HEALTH BEN amount Nil Prescribed Plan: Reimbursement One hundred percent (100%) Major service including travel assist (subject to change) Reimbursement Percentage One hundred percent (100%) Vision Care Maximum one hundred and fifty dollars twenty-four (24) months Private Reimbursement Percentage One hundred percent DENTAL Deductible amount Nil A Service. & Reimbursement percentage One hundred (100%) Annual maximum One thousand dollars Reimbursement percentage percent (50%) Annual maximum One thousand dollars ($7,000.00)
Benefit Commencement. Accident - First (1st) day of disability. Sickness - First (1st) day of disability if hospitalized, or receiving out-patient care. For weekend workers the first day of disability if hospitalized, or receiving out-patient care, or the third shift of disability if not hospitalized or receiving out-patient care. - Eligibility for Weekly Indemnity on grounds of sickness will be the fourth (4th) day of disability. BENEFIT DURATION Maximum benefit period seventeen (17) weeks.
Benefit Commencement. First (1st) day after seventeen (17) week Weekly Indemnity period. BENEFIT DURATION Benefits are payable from the first (1st) day of disability and continue for a maximum of five (5) years, inclusive of Weekly Indemnity. The amount of the monthly benefit payable to an employee will be reduced by any benefit the employee is eligible to receive through the Canada/Quebec Pension Plan (excluding Dependent Benefits and/or Worker's Compensation Benefits). The qualifications for limited eligibility will be the same as those for Weekly Indemnity.
Benefit Commencement. Anything herein to the contrary notwithstanding, a Participant's benefit payments shall commence not later than the April 1 following the calendar year in which the Participant attains age 70-1/2 years, regardless of his employment status. If the Participant fails to file an application with the Trustees, his benefits will commence in accordance with procedures adopted by the Trustees. Notwithstanding any other provision of the Plan to the contrary, the Plan will apply the regulations concerning the minimum distribution requirements of Code Section 401(a)(9) that were proposed in 1987 with respect to distributions made for Plan Years beginning before January 1, 2003, and will apply the final regulations under Code Section 401(a)(9) with respect to distributions made for Plan Years beginning on or after January 1, 2003. All distributions under the Plan will meet the requirements of Treas. Reg. 1.401(a)(9)-2 through 1.401(a)(9)-9, including the incidental benefit requirements of Section 401(a)(9)(G) of the Code.
Benefit Commencement. The Benefit payable under this SERP Agreement shall commence following (i) retirement of the Participant on or after December 31, 2005, (ii) termination of the Participant's employment with the Company pursuant to Section 7.4.1 of the Employment Agreement dated as of June 14, 1999 between the Participant and the Company (the "Employment Agreement"), (iii) payment by the Company to the Participant of damages for a material breach by the Company of the Change-in-Control Agreement referenced in Section 9.1 of the Employment Agreement (the "Change-in-Control Agreement"), (iv) termination of the Participant's employment pursuant to Section 7.2 of the Employment Agreement or (v) the Participant's death after attaining age 55 but before benefits commence hereunder. In no event will benefits commence prior to the first day of the month following the end of the Continuation Period (as defined in the Employment Agreement) if any. The Benefit payable under this SERP Agreement shall be payable to the Participant and, if applicable, to his spouse or beneficiary after his death.
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Benefit Commencement. Date shall mean the first business day of the calendar month following the earliest of (i) Executive’s Separation from Service or (iii) Executive’s death.

Related to Benefit Commencement

  • Term Commencement The term for each Service will commence on the Service Commencement Date indicated in the Notice of Service Commencement delivered by Exodus to Customer when Exodus begins providing each Service to Customer.

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares Subject to the Option: Total Exercise Price: Expiration Date: Type of Option: Nonstatutory Stock Option

  • Commencement of Benefits The benefits commence six (6) months from the date that disability began, which shall include the period of payment under the terms of the Short Term Income Protection Plan. Proof of disability must be submitted within six (6) months following the Qualifying Period.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • ANNUITY COMMENCEMENT DATE The Valuation Date on which the Contract Value is withdrawn for payment of annuity benefits under the Annuity Payment Option selected.

  • Term Commencement Date The term of this Agreement shall commence on , 2020 (the “Commencement Date”) and, unless earlier terminated in accordance with the terms of this Agreement, shall end on June 30, 2055 (the “Term”).

  • Death Prior to Commencement of Benefit Payments In the event the Participant should die while actively employed by the Plan Sponsor at any time after the date of this Plan but prior to his Normal Retirement Age, the Plan Sponsor will pay the Accrued Benefit in fifteen (15) equal annual installments to the Participant's Beneficiary. The payments shall commence to be paid on the first day of the second month following the month in which the Participant dies.

  • Death Subsequent to Commencement of Benefit Payments In the event the Executive dies while receiving payments, but prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the same amounts at the same times as the Employer would have paid the Executive, had the Executive survived.

  • Lease Commencement Notwithstanding anything contained herein to the contrary, if Lessor, for any reason whatsoever, including Lessor's negligence except as provided for in Article 27(b), cannot deliver possession of the Premises, as provided for in Article 27(a), to Lessee at the commencement of the agreed Term as set forth in Article 2, this Lease shall not be void or voidable, nor shall Lessor be liable to Lessee for any loss or damage resulting therefrom, but in that event, the Term shall be for the full term as specified above to commence from and after the date Lessor shall have delivered possession of the Premises to Lessee or from the date Lessor would have delivered possession of the Premises to Lessee but for Lessee's failure to timely supply to Lessor such drawings and/or information required by Exhibit C or for any other reason attributable to Lessee (herein the "Commencement Date") and to expire midnight of the day immediately preceding Term anniversary of the Commencement Date, and if requested by Lessor, Lessor and Lessee shall, ratify and confirm said Commencement and Expiration Dates by completing and signing Exhibit G attached hereto and made a part hereof.

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