Duration of Benefit definition

Duration of Benefit until retirement or as otherwise provided. Benefit Effective: upon expiration of Short Term Salary Indemnity coverage. The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.
Sample 1Sample 2Sample 3
Duration of Benefit. Benefits shall cease upon the occurrence of any one of the following:
Sample 1Sample 2Sample 3
Duration of Benefit. Benefits shall cease upon the occurrence of any one of the following: On the date the employee ceases to be disabled. Date the employee retires. At death.
Sample 1

Examples of Duration of Benefit in a sentence

  • Duration of Benefit Benefits become payable on the later of the termination of salary and sick leave, or the 61st day after disablement and continue to the earlier of the following: 1.

  • Demand for the UI program is expected to continue with the complete closure of the Reemployment Service Centers and with the expansion of the private sector, which is characterized by less stable employment relationships and hence higher turnover rates than the SOEs.Modest Levels and Relatively Long Potential Duration of Benefit As noted above, benefit levels are set by local authorities between the minimum living standards level and the minimum wage.

  • For example:Pneumonia Qualifying Diagnosis:• Chest x-ray confirmation of a new pulmonary infiltrateOR TWO or more of the following:• Fever >100.4 (oral)• Blood Oxygen saturation level < 90% on room air or on usual O2 settings in patients with chronic oxygen requirements.• Respiratory rate above 30/minute • Duration of Benefit: As indicated in Appendix A, there is a specific duration of the benefit for each of the six conditions.

  • Amount and Duration of Benefit - SSB The monthly Supplementary Survivor Benefit payment will be the lesser of:a.

  • Duration of Benefit Benefits become payable upon discontinuance of the disability benefit and continue to the earlier of the following: 1.

  • The articles of incorporation of the association shall provide for its perpetual existence, but in the event the association shall at any time be dissolved, whether inadvertently or deliberately, it shall immediately be succeeded by an unincorporated association of the same name.

  • Duration of Benefit Disability pensions are paid until age 65 (when they are converted automatically to a retire- ment pension), until recovery from the disability or death.

  • Duration of Benefit The maximum duration is four (4) school years for each son or daughter—namely, eight(8) semesters.

  • Duration of Benefit Child benefits are paid until the eligible child reaches age 25, unless the child is disabled, as described below .If your child is disabled before age 25, he or she will receive the child benefit for life regardless of how old he or she is at the time of your death .

  • Yes No Name of insurance company Address City State Zip Phone Policy # Daily Benefit Amount Duration of Benefit FInanCIaL InForMaTIon Sources of Income MonthlySocial Security Applicant $ Spouse $ Pension Applicant $ Spouse $ Interest Income $ rental Income $ dividends $ Bonds $ other sources of income $ Bank accountsPlease include the name(s) and relationship to you of anyone whose name(s) is/are on your account(s).

Related to Duration of Benefit

  • Coordination of Benefits or “COB” means a provision establishing an order in which plans pay their claims, and permitting secondary plans to reduce their benefits so that the combined benefits of all plans do not exceed total allowable expenses.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • 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.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Assignment of Benefits means an arrangement whereby the Plan Participant assigns their right to seek and receive payment of eligible Plan benefits, in strict accordance with the terms of this Plan Document, to a Provider. If a provider accepts said arrangement, Providers’ rights to receive Plan benefits are equal to those of a Plan Participant, and are limited by the terms of this Plan Document. A Provider that accepts this arrangement indicates acceptance of an “Assignment of Benefits” as consideration in full for services, supplies, and/or treatment rendered.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

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

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

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

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • 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.

  • 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.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Adoption Agreement means the written agreement pursuant to which the Employer adopts the Plan. The Adoption Agreement is a part of the Plan as applied to the Employer.

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

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

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

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

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • 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.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.