Total Benefit definition

Total Benefit has the meaning set forth in Section 9.2(d).

Total Benefit means the benefit payable to a Participant (or surviving spouse, in the event of a Participant's death) under the Salaried Pension Plan and the Executive Plan.

Total Benefit means the annual pension amount, payable to the Participant in the Normal Form of Benefit and commencing as of the Date of Determination, equal to 65% of the Participant's Final Average Pay, multiplied by the Accrual Fraction as of such Date of Determination. In no event, however, shall the Total Benefit be less than the Minimum Benefit as of such Date of Determination.

Examples of Total Benefit in a sentence

• Accordingly the Total Benefit payable under the product may vary.

• When we receive such proof, we will review the claim and if we approve it, will pay the benefit described below for such Covered Condition, provided, however, that we will never pay more with respect to any covered person than the Total Benefit Amount.

• Total Benefit Maximum - Unlimited $1400 Annual deductible per person for the first and second year of this contract – In Network $2600 Annual deductible per family for the first and second year of this contract – In Network $4000 Annual medical out-of-pocket maximum per person – In Network $8000 Annual medical out-of-pocket maximum per family – In Network 80% coinsurance for most covered services after deductible – In Network Co-payment for doctor office visits only, not to exceed $45.

• Note 2: Cafeteria Plan Benefit is equal to the difference between the Medical Benefit and the Total Benefit.

• An employee who is eligible for early retirement under this Article and who retires early hereunder will receive a benefit from the school up to a maximum of 120% of the employee's base salary, including extended contracts (the "Maximum Total Benefit").

More Definitions of Total Benefit

Total Benefit means the sum of a Participant’s benefits under the UST Inc. Benefit Restoration Plan, the UST Inc. Officers’ Supplemental Retirement Plan and the UST Inc. Excess Retirement Benefit Plan.

Total Benefit is the sum of the Account Aggregate of all plans within an Aggregation Group which are defined contribution plans, and the Cumulative Accrued Benefit of all plans within an Aggregation Group which are defined benefit plans. Solely for the purpose of determining if the Plan, or any other plan included in a required aggregation group of which this Plan is a part, is Top-Heavy, the accrued benefit of an Employee other than a Key Employee shall be determined under (a) the method, if any, that uniformly applies for accrual purposes under all plans maintained by the Employer, or (b) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional accrual rate of Section 411(b)(1)(C) of the Code.

Total Benefit means the sum of a Participant's Accrued Benefit as defined in Article II of this Plan earned from and after the applicable Benefit Accrual Date, his Merged Plan Benefit, if any, and his Shenango Plan Benefit, if any.

Total Benefit means the amount of Deferred Compensation plus the Interest Credits of the Participant under the Plan on any given date, as determined by the Plan Administrator in its discretion and in accordance with the terms of the Plan.

Total Benefit. , in relation to a person, means the sum of the person’s member benefit and employer benefit;

Total Benefit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuers' repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any cash payments made by Issuer pursuant to Section 2(e)(2), (v) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (vi) any amount equivalent to the foregoing with respect to the Substitute Option.

Total Benefit an aggregate of HK$2.21 per Share (before taxes and expenses) from the Special Dividend and the General Offer if Completion proceeds; “trading day” a day on which the Stock Exchange is open for the business of dealings in securities;