Maximum Payment Period definition

Maximum Payment Period means the longest period that benefits are paid by this policy for continuousdisability.
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Maximum Payment Period means the longest period that benefits are paid by this certificate for continuous disability.
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Maximum Payment Period means the maximum coverage period shown on the Declarations plus ninety (90) days. Each occurrence shall have a separate maximum payment period that begins with the date of occurrence .
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Examples of Maximum Payment Period in a sentence

  • If You remain Totally Disabled or Disabled and Working after a period of Rehabilitative Employment, You may continue to receive benefits under the Total Disability Benefit or Disabled and Working Benefit, subject to the Maximum Payment Period for such benefit.

  • See "Disabilities with a Limited Maximum Payment Period" and "Pre-Existing Conditions."For a disability starting before the employee reaches age 60, the maximum payment period will last until the Social Security Normal Retirement Age as shown in the following table: Employee’s Year of Birth Social SecurityNormal Retirement AgeBefore 1938.

  • If You remain Totally Disabled after a period of Rehabilitative Employment, You may continue to receive benefits under the Total Disability Benefit, subject to the Maximum Payment Period for such benefit.

  • Should you select to enter into an optional Forbearance under Subsection 10(d)(ii) of the Income Share Agreement, such months shall be in addition to the Maximum Payment Period.

  • The Weekly Benefit and Maximum Payment Period are shown in the Schedule.Total Disability: means the Insured Person's inability to perform the duties of his/her occupation for one year and thereafter unable to perform the substantial duties of any occupation for which he of she is suited by education, training and experience.

  • The Maximum Payment Period will be reduced by the amount of time they are incarcerated or under House Arrest after completion of the Elimination Period.

  • See "Disabilities with a Limited Maximum Payment Period" and "Pre-Existing Conditions."For a disability starting before the employee reaches age 60, the maximum payment period will last until the Social Security Normal Retirement Age as shown in the following table: Employee’s Social SecurityYear of Birth Normal Retirement Age Before 1938193819391940.

  • In no event will We pay more than the Benefit Amount (Medical Expense) for Heart or Circulatory Malfunction, or for a period longer than the Maximum Payment Period both shown in Section IV-D of the Schedule of Benefits.

  • See "Disabilities with a Limited Maximum Payment Period" and "Pre-Existing Conditions."For a disability starting before the employee reaches age 60, the maximum payment period will last until the Social Security Normal Retirement Age as shown in the following table: Employee’s Social SecurityYear of Birth Normal Retirement Age Before 193819381939194019411942.

  • In addition, if the Insured fails completely and accurately to describe and/or to comply with any of the obligations expressed in the Contract with regard to the Delivery of Goods or Provision of Services; the Maximum Payment Period; the Delivery Stop; the Insured Countries; the DSO; the Payment of Premium; the External Information Provider and/or the Recovery Agency, the Company is not bound by any of its obligations as expressly or impliedly set out in the Contract.


More Definitions of Maximum Payment Period

Maximum Payment Period means 84 months from the beginning of your Payment Term. The Maximum Payment Period is inclusive of any months where Monthly Payments are made as well as any months that are Deferred Months. The Maximum Payment Period will only be extended if you receive relief under a Forbearance, which will extend your Maximum Payment Period on a one-for-one monthly basis. The term “Maximum Payment Period” as used in this Agreement includes any extensions due to Forbearance. “Minimum Income Threshold” equals $5,000 in Earned Income per Month, which is equivalent to $60,000 annually. This is the minimum amount of Monthly Earned Income you must earn to be required to make an Income Share payment to the Company in a given Month during the Payment Term. If, in any Month during the Payment Term, you make less than the Minimum Income Threshold, then no monthly payment is due, and that month is treated as a Deferred Month under the Agreement.
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Related to Maximum Payment Period

  • Payment Period means the three months following each Collection Quarter.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Earnout Period has the meaning set forth in Section 3.6(a).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.