Class Benefit definition

Class Benefit means the monetary payment described in Section II, available to Settlement Class Members who meet eligibility requirements and submit a timely and valid Claim Form.
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Class Benefit means the benefit provided to Class Members that is set forth in Sections 4.1 and 4.2 of this Amended Agreement.
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Class Benefit shall have the meaning set forth in Article 3.1.
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Examples of Class Benefit in a sentence

  • The Special Master shall file with the Court his proposed Class Benefit Formula at least five (5) days prior to the Fairness Hearing.

  • POLICY DATA Insured Policy Effective Date Owner at Issue [XXXX XXX] [July 2, 2016] [The Insured] [00C9999990][35] [Non-Smoker] Policy Number Issue Age Risk Class Termination Date [July 2, 2048] [4A] Occupation Class Benefit Waiting Period [90 days] [Male] Gender PREMIUM SUMMARY Annual Premium Our underwriting experts use risk and occupation class as factors in determining terms of coverage and premium rates.

  • BASIC EMPLOYEE TERM LIFE COVERAGEBENEFIT AMOUNTS: Amount for Each Benefit Class: Benefit Classes Amount of Insurance All Employees $20,000 Effect of Option to Accelerate Payment of Death Benefits: Your amount of insurance (as determined in the absence of this provision) will be reduced by the amount of any Terminal Illness Proceeds paid under the Option to Accelerate Payment of Death Benefits.

  • Amount For Each Benefit Class: Benefit ClassesAmount of InsuranceAll Employees Option 1$50,000Option 2$100,000Option 3$200,000 The Definitions section explains what “Earnings" means.Amount Limit Due to Age: When you are age 70 or more, your amount of insurance is limited.

  • If you opt-out, however, you will also not be entitled to receive the Class Benefit.

  • In 1967 Glaser & Strauss, the founders of GT, outlined a number of key principles within the grounded theory methodology which included the importance of conducting a detailed literature review following data analysis to aid in theory generation with an “open mind,” whilst at the same time remaining “theoretically sensitive” to the data.

  • OPTIONAL EMPLOYEE TERM LIFE COVERAGEBENEFIT AMOUNTS: Amount For Each Benefit Class: Benefit Classes Amount of Insurance All Class 1 Employees Option A 100% of your annual Earnings plus $15,000.

  • BENEFIT AMOUNTS: Amount For Each Benefit Class: Benefit Classes Amount of Insurance All Employees who have selected Basic Employee Term Life Coverage$5,000Amount Limit Due to Age: When you are age 65 or more, your amount of insurance is limited.

  • CORE EMPLOYEE TERM LIFE COVERAGEBENEFIT AMOUNTS:Amount For Each Benefit Class: Benefit ClassesAmount of InsuranceAll Employees classified bythe Contract Holder as eligible for Core Employee Term Life Insurance.

  • The Settlement Administrator shall perform the functions specified in this Agreement and its exhibits, including, but not limited to, overseeing administration of the Class Benefit; providing Notice to Settlement Class Members as provided in this Agreement; establishing and operating the Settlement Website and a toll-free number; and administering the claims processes.


More Definitions of Class Benefit

Class Benefit means the one-time payment representing Settlement Class Member’s share of the Common Fund.
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Class Benefit means the total amount payable for payments to Settlement Class Members, settlement administration, attorneys’ fees, costs, and expenses and incentive awards.
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Class Benefit has the meaning set forth in Section IV below.
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Related to Class Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty Six Thousand Three Hundred and Seventy Three dollars ($66,373) for a period of Fifteen (15) years.

  • Termination Benefit means the benefit set forth in Article 7.

  • Actuarial equivalent means a benefit of equal value when

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Disability Benefit means the benefit set forth in Article 8.