Benefit Provision Sample Clauses

Benefit Provision a) The plan will provide that an eligible employee is insured for benefits equivalent to 70% of their normal weekly earnings.
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Benefit Provision. Notwithstanding the provisions of this Agreement in the payment of the benefits under Article 3, any benefits payable under this Agreement are payable solely to the extent of payments actually made by the Annuity Contract(s) as identified in this Agreement or other provision as provided for in Section 2.2.
Benefit Provision. The Schedule of Benefits of this Policy is shown below. While this Policy is in effect, the benefits will be payable according to Your chosen plan level as shown in the Policy Schedule, subject to the terms and conditions stated in the Policy Contract. Schedule of Benefits Benefits Plan 1 (MYR) Plan 2 (MYR) Plan 3 (MYR) Therapy Care Benefit (Early Stage Cancer or Advanced Stage Cancer) 30,000 50,000 70,000 Get Well Benefit (Early Stage Cancer or Advanced Stage Cancer) 6,000 per year for 5 installments 10,000 per year for 5 installments 14,000 per year for 5 installments Maximum cancer benefit payout 60,000 100,000 140,000 AXA Care Benefit (a) Concierge service arrangement will be available once the Policy is issued (b) Second Medical Opinion Bereavement Benefit (Basic Sum Insured) 1,000 2,000 3,000 Description of Benefits
Benefit Provision. The Board shall provide the following fringe benefits for all eligible Professional Employees at no cost to the member:
Benefit Provision. Subject to the Exclusions and Limitations and the provisions of the section entitled “Partial Benefit Amount”, We will pay the Benefit Amount as shown on the Schedule for a Covered Person, if: • A First Diagnosis is made by a Physician after the Effective Date and after the Waiting Period for a Covered Person; and said First Diagnosis is an appropriate diagnosis based on applicable x-ray, laboratory test, or other recognized diagnostic procedures performed during the life of the Covered Person or postmortem, and is made based on generally accepted principles of medicine in the United States at the time the diagnosis is made. The Benefit Amount shown on the Schedule will be paid for a First Diagnosis, except as provided under the “Partial Benefit Payment” provision. No more than one Benefit Amount will be paid for a Covered Person, even if a Covered Person experiences more than one Invasive Cancer. Partial Benefit Payment A Partial Benefit Amount, as shown on the Schedule, will be paid for: • A First Diagnosis of Carcinoma in Situ. Such diagnosis must be made after the Effective Date and after the Waiting Period. A Partial Benefit Amount will be paid only once for a Covered Person during that person’s lifetime. If a Covered Person receives the Partial Benefit Amount payment, the remaining percentage of the Benefit Amount will be payable if: • The Covered Person should receive a First Diagnosis for Invasive Cancer, other than Carcinoma in Situ; and • This Policy remains in effect for the Covered Person. In no event will the total amount paid for the two benefit payments exceed the Benefit Amount shown on the Schedule. EXCLUSIONS No benefits will be paid for: • A diagnosis made prior to the Effective Date, or during the Waiting Period, as applicable to the Covered Person; • Any disease, Sickness, or incapacity not specified in this Policy; • Basal cell carcinoma and squamous cell carcinoma of the skin; • Melanoma that is diagnosed as Xxxxx’x level I or II or Xxxxxxx’x classification less than 0.75mm; • Premalignant tumors or polyps; • Sickness caused by alcohol, drugs, narcotics, or hallucinogens not prescribed by a Physician, or not used in the manner prescribed by the Physician; • More than one First Diagnosis occurrence after the Effective Date and after the Waiting Period, except as specified on the Schedule and under the Section entitled “Benefit Provision”; • Any Invasive Cancer or Carcinoma in Situ resulting from: • self-inflicted Injury, while sane or...
Benefit Provision a) The rules and pay for benefits are in accordance with the applicable section of the Collective Agreement unless otherwise stipulated below.
Benefit Provision. Beneficiary An Employee may name anyone as his or her beneficiary. The Employee must file the name or names on a form approved by the Provident. An Employee may change his or her beneficiary at any time by giving notice in writing. The effective date of the change is the date the request is signed. However, the Provident is not liable for any amount paid before the request is received. If an Employee names more than one beneficiary, they will share equally unless he or she provides otherwise. If a beneficiary dies before an Employee, his or her share will be paid equally to the surviving beneficiaries, unless the Employee states otherwise. Any amount for which a beneficiary is not named will be paid to the Employee's estate. General Exclusions Benefits are not paid for any loss caused by or resulting from: (a) suicide or self-inflicted Injury, whether sane or not (in Missouri, while sane); (b) bacterial infections, except those which occur with a cut or wound at the time of the accident; (c) any kind of disease; (d) medical or surgical treatment (except surgical treatment required by the accident); (e) war or any act of war; (f) Injury sustained while in any of the armed forces (land, sea or air) of any country or international authority except while on temporary domestic National Guard or Reserve duty for less than 30 days; or (g) Injury sustained while an Employee is riding in, boarding or alighting from an aircraft other than as provided under a Hazard described on a preceding page.
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Related to Benefit Provision

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Release of Claims Under Age Discrimination in Employment Act Without limiting the generality of the foregoing, the Executive agrees that by executing this Release, [he] [she] has released and waived any and all claims [he] [she] has or may have as of the date of this Release for age discrimination under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. It is understood that the Executive is advised to consult with an attorney prior to executing this Release; that the Executive in fact has consulted a knowledgeable, competent attorney regarding this Release; that the Executive may, before executing this Release, consider this Release for a period of twenty-one (21) calendar days; and that the consideration the Executive receives for this Release is in addition to amounts to which the Executive was already entitled. It is further understood that this Release is not effective until seven (7) calendar days after the execution of this Release and that the Executive may revoke this Release within seven (7) calendar days from the date of execution hereof. The Executive agrees that [he] [she] has carefully read this Release and is signing it voluntarily. The Executive acknowledges that [he] [she] has had twenty one (21) days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the expiration of such 21-day period, the Executive is waiving [his] [her] right to review the Release for such full 21-day period prior to signing it. The Executive has the right to revoke this release within seven (7) days following the date of its execution by [him] [her]. However, if the Executive revokes this Release within such seven (7) day period, no severance benefit will be payable to the Executive under the CIC Agreement and the Executive shall return to the Company any such payment received prior to that date. THE EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS AGAINST THE COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. THE EXECUTIVE ACKNOWLEDGES THAT [HE] [SHE] HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN ATTORNEY OR OTHER ADVISOR OF THE EXECUTIVE’S CHOOSING CONCERNING [HIS] [HER] EXECUTION OF THIS RELEASE AND THAT [HE] [SHE] IS SIGNING THIS RELEASE VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH CLAIMS. Executive Date:

  • Older Workers Benefit Protection Act This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act, 29 U.S.C. sec. 626(f). Employee is advised to consult with an attorney before executing this Agreement.

  • Employee Benefit Programs During the Employment Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • OWBPA The undersigned agrees and acknowledges that this Release constitutes a knowing and voluntary waiver and release of all Claims the undersigned has or may have against the Company and/or any of the Releasees as set forth herein, including, but not limited to, all Claims arising under the Older Worker’s Benefit Protection Act and the ADEA. In accordance with the Older Worker’s Benefit Protection Act, the undersigned is hereby advised as follows:

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Split Dollar Life Insurance The Company shall pay to the Executive a lump sum equal to the cost on the Termination Date of purchasing, at standard independent insurance premium rates, an individual

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