Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.
Basic Monthly Earnings means the Covered Person's monthly rate of earnings from the Sponsor as of the September 30th immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and any other extra compensation.
Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include overtime pay and extra compensation other than commissions and bonuses. Commissions and bonuses will be averaged over the lesser of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.
Examples of Basic Monthly Earnings in a sentence
Basic monthly earnings include base salary step plus any stipend(s) computed as of the first day of the month in which the disability commences or other loss occurs.
More Definitions of Basic Monthly Earnings
Basic Monthly Earnings means the Covered Person's gross monthly rate of earnings from the Sponsor as of the December 31st immediately prior to the date Disability or Partial Disability begins. Such earnings will not include bonuses, overtime pay and extra compensation other than commissions. Commissions will be averaged over the less of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.
Basic Monthly Earnings means the Covered Person's monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay, shift differential pay, stock options and stock bonuses, non-benefits-eligible earnings, Sponsor contributions to any deferred compensation arrangement or pension plan, and any other extra compensation.
Basic Monthly Earnings means your gross monthly income from the employer in effect just prior to the date of disability. It does not include commissions, bonuses, overtime pay and other extra compensation.
Basic Monthly Earnings means 1/12th of the supervisor's annual contract salary.
Basic Monthly Earnings means 1/12th of the Covered Person's annual base rate of compensation from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins including 1/12th of the Covered Person's annual longevity payment, if any. For teachers, annual base rate of compensation includes any local supplement, coach's supplement, summer school teaching, evening classes, special seminar and executive programs. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.
Basic Monthly Earnings means your monthly rate of earnings from the employer in effect immediately prior to the date total disability begins. It does not include bonuses, overtime pay and extra compensation.
Basic Monthly Earnings means the Covered Person's monthly rate of earnings, including shift differential pay, from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.