Waiver benefit definition

Waiver benefit means a waiver of the monthly deductions made under an individual life insurance policy where monthly deductions are applicable.
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Waiver benefit means the amount waived by the Dealer/Assignee pursuant to the terms of the Addendum.
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Waiver benefit means the waiver of Premium due for a Covered Person under the certificate.
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Examples of Waiver benefit in a sentence

  • For example, if the amount paid to the CMHSP for DD Children’s Waiver services does not meet the cost and GF funding is used to supplement the DD Children’s Waiver reimbursement, this amount should be reported with the DD Children’s Waiver benefit plan.

  • Premium Waiver benefit Provides a lump sum payment equal to 6 months of the member’s medical scheme contributions and Gap Cover premium.

  • The Accumulation Value is used to determine your Surrender Value, Death Benefit, any Nursing Home Confinement Waiver benefit and withdrawals before utilizing the GLWB benefit.For detailed information on charges incurred if the contract is surrendered, see the Surrender Charge section on the Product Details sheet.

  • The original structure, completed in the spring of 1854 at cost of$120,000.00, was demolished in 1913.

  • Table 15 From a consequentialist standpoint, the utilitarian and economic cases in favor of IP overlap.

  • Premium Waiver benefit Provides a lump sum payment equal to 6 months of the member’s medical scheme contribution and Gap Cover premiums.

  • It is the responsibility of all employees using the Tuition Waiver benefit to know and understand the policy and procedures related to the Tuition Waiver.

  • The Tuition Waiver benefit at FPC requires that the employee apply each semester or term prior to registration.

  • Benefits for Dependent Children Who are Married or Over the Age 23In accordance with IRS guidelines, for qualified individuals 24 years of age or older the Dependent Tuition Waiver benefit is available on a taxable basis.

  • Premium Waiver benefitThe Premium Waiver benefit enables dependants to remain covered for a period of twelve (12) months post the death of the Principal Member.


More Definitions of Waiver benefit

Waiver benefit means any one of the following Waivers: Super Collision Damage Waiver or Super Theft Loss Waiver.
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Related to Waiver benefit

  • Other Benefits as utilized in this Section 6(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by the Company and the Affiliated Companies to disabled executives and/or their families in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive's family, as in effect at any time thereafter generally with respect to other peer executives of the Company and the Affiliated Companies and their families.

  • 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).

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

  • Other Benefit Obligations means all obligations, arrangements, or customary practices, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans. Other Benefit Obligations include consulting agreements under which the compensation paid does not depend upon the amount of service rendered, sabbatical policies, severance payment policies, and fringe benefits within the meaning of IRC Section 132.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • 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.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • 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.

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

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

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

  • Termination Benefits means the benefits described in Section 4.1(b).

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

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

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

  • 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.

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

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

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

  • 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;

  • 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.

  • Seller Benefit Plan means each Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • 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.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.