Plan Benefit. “Plan Benefit” means the benefit payable to a Participant as determined in accordance with the provisions of this Plan.
Plan Benefit. Participants receive a lump sum payment of $16,000 termination pay to be paid to TRS. The District and employees are responsible for their share of the appropriate payroll withholdings/taxes. NOTE: Participants must irrevocably and unconditionally commit by 4:00 p.m. MST by May 1 of the year preceding retirement.
Plan Benefit. A. DESCRIPTION OF PLAN The 401(k) Plan is designed to provide eligible employees with an opportunity to increase the value of their earnings and to provide for increased retirement benefits through tax-advantaged savings. Federal income taxes will not be withheld on employee contributions into the Plan. In most cases, state and local income taxes are not withheld, either. Taxes are not payable on employee pre-tax contributions or earnings on these contributions until the money is withdrawn by or distributed to the participant.
Plan Benefit. (a) The “Plan Benefit” is the lesser of (a) 100% of Dependent Care Expenses incurred during the Plan Year and the Grace Period or (b) the maximum benefit elected by the Participant for the Plan Year.
Plan Benefit. Year shall mean the period beginning January 1 and ending on December 31 each year or as otherwise defined in the applicable Plan documents, Underwriting Guidelines and Participation Agreements.
Plan Benefit. The District agrees to directly reimburse the qualified employee for health care premiums and deductibles incurred by the employee. Reimbursement Rate Claims will be reimbursed at a rate of 100%, not to exceed the amount in the employee’s account.
Plan Benefit. The order must not require the Plan to provide any type or form of benefit, or any option, not otherwise provided under the terms of the Plan. The order must not require the Plan to provide increased benefits (determined on the basis of actuarial value) nor require the payment of benefits to an Alternate Payee which are required to be paid to an Alternate Payee under a previous Qualified Domestic Relations Order;
Plan Benefit. Plan Benefit" means the benefit payable to the Participant as calculated in Article V.
