Sentences with phrase «under benefit option»

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

Under Benefit Option 2, higher of the SA including the top - up SA 105 % of all premiums paid is payable immediately on death.

Not exact matches

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

Participants have no direct interest in any of the earnings options and are general unsecured creditors of Wells Fargo with respect to their deferred compensation benefits under the plan.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

As a result, in some circumstances the cost of an option may exceed the actual benefit paid under that option.

plans, e.g., 401 (k) Plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and

For those under the age of 16, the Arsenal NYC Youth Membership costs $ 15 and includes the same benefits the adult option, excluding entry to win a trip to London.

Extended the Power for Jobs program and the «energy cost savings benefit program» through the end of 2007; allows all PfJ participants to elect to begin receiving benefits through the savings reimbursement option, rather than a contract continuation; PfJ participants with contract extensions are eligible for a rebate of any excess costs (PfJ rates compared to rates available through their local utility) incurred after January 1, 2006 under their PfJ contracts (Part U).

I try to get a healthy dose (20 mins at noon) of sun when the weather is good here in Portland (Oregon), but since that's fairly limited, I'm intrigued by this light idea and it's potential benefits over supplementation with synthetic D. Do you think basking under a full spectrum UVA / UVB light is a safe option?

Other options (like reducing wages and benefits) throw teachers under the bus.

Benefits include increased e-book discoverability; compatibility with B&N Nooks, Sony Readers, and iPads; patron - driven acquisition; and the option to upgrade titles purchased under NetLibrary's single - use license to allow multiuser access for high - demand e-books.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

The death benefit will not increase under option A unless excess premiums are paid.

Under this benefit you have the flexibility of opting coverage under one of the 3 options (can be selected at inception oUnder this benefit you have the flexibility of opting coverage under one of the 3 options (can be selected at inception ounder one of the 3 options (can be selected at inception only):

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

There are two Maturity Benefit options available under this plan as given below:

The Guaranteed Transfer Withdrawal Rate is applied to all investment option transfers from the Non-Personal Income Benefit Investment Options to the Personal Income Benefit variable investment options, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rolOptions to the Personal Income Benefit variable investment options, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and roloptions, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rollovers.

NDP: Cancel income splitting for families with kids under the age of 18 but keep it for seniors; eliminate the CEO stock option loophole that allows wealthy CEOs to avoid taxes on 50 % of income received from cashing in company stock (with proceeds invested into eliminating child poverty); increase investment in the Working Income Tax Benefit (WITB) by 15 % to further support working Canadians who live below the poverty line; introduce income averaging for artists.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

Under option B, the death benefit grows in relation to the cash value.

Under option A, the death benefit is fixed.

And social security or other government benefits (beyond $ 9,000 p / y) may be seized to repay government student loans, under a 1996 law upheld by the Supreme Court in 2005 But if the student loans are strictly private, not guaranteed by the government, then the lender can only use the collection options available to any creditor.

As a result, in some circumstances the cost of an option may exceed the actual benefit paid under that option.

The benefits, rights, privileges and options which, under any annuity contract are due or prospectively due the annuitant, who paid the consideration for the annuity contract, shall not be subject to execution.

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

The main benefits of using option B are that this option enables cash value to grow more rapidly over the contract's life and that the IRS allows higher levels of excess premium contributions under option B.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

As a result, in some circumstances the cost of an option may exceed the actual benefit paid under the option.

These schemes offer Additional benefit in which the amount invested in any scheme or any other investment option specific under section 80C (up to 1.5 lakhs) is deducted from your annual income.

We recognise that individuals and funds did what they believed was a valid option to prepare for the changes, and we are looking to provide a PCG clarifying that we will not undertake compliance action where someone has rolled a death benefit income stream to accumulation phase under the current law.

Income benefit option: Under this option, 1 % of the sum assured will be paid out to your family every month.

The class - action lawsuit, Wildman et al v. American Century Services, LLC et al, alleges breach of fiduciary duty under the Employee Retirement Income security Act of 1974 for excessive investment management and record - keeping fees, imprudent fund selection and for self - dealing by American Century, which plaintiffs contend filled the retirement plan with proprietary investment options for its own benefit.

If you choose not to offer the Personal Income Benefit investment option, participants can still elect one of the available distribution options under the plan.

These investment options are intended to be sold to certain asset allocation portfolios and to separate accounts of Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance policies.

Each veterinary practice under the MAVANA banner operates independently and benefits from a corporate structure to deliver cost efficiencies, leverage economics of scale for improved purchasing power, offer more options for liquidity, and increase relevancy in the rapidly consolidating animal health industry while continuing to deliver the highest quality of medicine and customer service.

To purchase, click here and be sure to select the Placer SPCA as the benefiting animal welfare organization under «Select Options.»

«Each veterinary practice under the MAVANA banner... benefits from a corporate structure to deliver cost efficiencies, leverage economics of scale for improved purchasing power, offer more options for liquidity, and increase relevancy in the rapidly consolidating animal health industry while continuing to deliver the highest quality of medicine and customer service,» Hagyard stated.

Assuming that climate change and other deep uncertainties can not be eliminated over the short term (and probably even over the longer term), it then summarizes existing decision - making methodologies that are able to deal with climate - related uncertainty, namely cost - benefit analysis under uncertainty, cost - benefit analysis with real options, robust decision making, and climate informed decision analysis.

It consists of 11 chapters covering the scope of the analysis, decision making under uncertainty, equity issues, intertemporal equity and discounting, applicability of cost and benefit assessments to climate change, social costs of climate change, response options, conceptual issues related to estimating mitigation costs, review of mitigation cost studies, integrated assessment of climate change, and an economic assessment of policy options to address climate change.

The Ombudsman held that unless the member had specifically applied for an ill - health pension, his employer was not under any duty to advise him of his ill - health benefit options.

In non-catastrophic cases with no additional options, housekeeping and caregiver SABS benefits will be eliminated under ss.

Employers should be sure to take the new options under the EI benefit program into account in their workforce planning, including budgeting for hiring replacement workers where needed.

Inflation Protection Inflation protection options determine at what rate certain benefits under a Long - Term Care Insurance policy are increased each year.

The death benefit does not increase under Option A, unless excess premiums are paid into the policy's cash value.