Basic Weekly Earnings definition

Basic Weekly Earnings means the Covered Person's weekly 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 Weekly Earnings means your gross weekly 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 Weekly Earnings means the Covered Person's weekly 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,

Examples of Basic Weekly Earnings in a sentence

• 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.

• Partial DisabilityIf You are Disabled and You are able to generate Current Earnings of at least 20% and not more than 99% of Your Basic Weekly Earnings, the Weekly Benefit payable will be the Weekly Benefit for Total Disability, unless the sum of:a) the Gross Weekly Benefit while You are Disabled; plusb) Other Income Sources You receive or are eligible to receive; plusc) Current Earnings while You are Disabledexceeds 100% of Your Basic Weekly Earnings.

• If Your current earnings fluctuate, We may average Your current earnings over the most recent three-month period and continue Your claim provided the average does not exceed the percentage of Basic Weekly Earnings allowed by the Policy.

• Basic Weekly Earnings will be the amount as last reported to AUL in writing and in effect prior to the date the Person’s family or medical leave began.

• If the Person is paid his annual gross income in less than 52 weeks, the Basic Weekly Earnings shall equal 1/52 of the annual gross income.

More Definitions of Basic Weekly Earnings

Basic Weekly Earnings means your weekly rate of earnings from the Company in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, overtime pay and extra compensation other than commissions. Commissions will be averaged over the lesser of (a) the 24 month period prior to the date Disability begins; or (b) the period of employment.

Basic Weekly Earnings means the employee’s biweekly rate of earnings from the company 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. Benefits are issued according to the Employee’s normal, biweekly pay cycle.

Basic Weekly Earnings means the Covered Person's weekly 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, income received from sources other than the Sponsor and extra compensation.

Basic Weekly Earnings means your weekly 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, overtime pay, fringe benefit or extra compensation other than on target commissions. On target Commissions will be averaged over the lesser of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.

Basic Weekly Earnings means your earnings for the normal work week established by the Board of Trustees of the Pressmen Welfare Fund for your job classification, exclusive of bonus and overtime pay. Changes in amounts of insurance due to a change in your classification shall be effective on the first of the month following the date of the classification change. However, if you are not actively at work on the date the amounts of insurance would otherwise increase, the effective date of any increase will be deferred until the day you return to work.

Basic Weekly Earnings means the Employees budgeted weekly rate of earnings as reported by the Company in effect immediately prior to the date Disability or Partial Disability begins. Earnings includes deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 Plan, Health Savings Account, or Flexible Spending Account. If the Employee is paid on an hourly basis, Basic Weekly Earnings will be based on the Employees hourly rate of pay, but will not exceed 40 hours per week.

Basic Weekly Earnings means your weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.