Sentences with phrase «applicable policy benefits»

All applicable policy benefits will be available to the customer until the end of the policy tenure.

Not exact matches

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.

Other specific duties and responsibilities of the HR and Compensation Committee include reviewing senior management selection and overseeing succession planning, including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer compensation and evaluating performance and determining the compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and its charter.

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

The coming months will tell whether the policy is feasible in cash - strapped California and whether it is applicable to other universities across the nation, many of which are also struggling to provide reasonable benefits to all their postdocs.

Fund Value means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimation.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in Policy and the policy is in policy is in force.

This ratio is the portion of future premiums which The Standard expects to return as benefits, when averaged over all people with the applicable policy.

Event Planners must be authorised by the Event Owner to earn GC Award Points for organising a Qualifying Event and shall release and indemnify The Company against any liability or claim arising from any failure to declare any benefits received under the Event Planner Rewards or for breach of any applicable law or regulation, gift and incentive policy, guideline or compliance requirement.

Registration and / or participation in the RewardsPlus Program is subject to your compliance with all of the RewardsPlus Rules, regulations, policies, procedures, conditions of participation, benefits, awards, and special offers, as applicable, that Marriott Rewards and MileagePlus may, in their discretion, adopt from time to time, and which Marriott Rewards and MileagePlus have the sole right to interpret and apply.

This benefit is in addition to any applicable store policy.

Therefore, if you or someone you know plans on filing for short or long - term disability it is very important to have an attorney assist in the application process and review the applicable policy to determine what benefits the claimant is entitled to, whether ERISA is involved and what limitation period is in effect for filing suit.

(2) The following benefits are deemed to be included in the motor vehicle liability policy and are applicable to an insured person in respect of the motor vehicle liability policy:

One reported decision of Katie's to note is the recent precedent setting case of Kulaveerasingam v. State Farm in which she successfully argued that the interest rate applicable to overdue benefits payments for «transitional policies» under the SABS was 1 % compounded monthly rather than 2 %.

Depending on the facts and circumstances surrounding your case, the applicable law, and the language of your insurance policy, you may be entitled to sue them for the original amount of benefits that you were seeking, plus additional damages, including attorneys fees, and the costs of filing suit.

The benefit of portability is not applicable to life insurance policies yet.

Adjusted Operating Earnings represents GAAP net income adjusted for exclusion of, a) investment gains and losses, net of tax, b) dividends on participating life policies related to capital gains, c) equity base tax (release), d) a deferred tax benefit associated with a foreign subsidiary, and e) the inclusion of certain statutory interest maintenance reserve amortization, net of tax, with an offset for amortization of deferred acquisition costs where applicable.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.»

This Bharti AXA Term plan provides a unique feature of Family Care Benefit which states that if the policy is in force and at least 2 consecutive premiums have been paid post inception or reinstatement, the benefit will be applBenefit which states that if the policy is in force and at least 2 consecutive premiums have been paid post inception or reinstatement, the benefit will be applbenefit will be applicable.

The insurance policy details who is covered, for how long (if applicable) and under what conditions the death benefit will be paid out.

As is the case for all insurance instruments, the insurer lays out certain conditions under which the benefits of the policy will not be applicable.

The extension of benefits is not applicable if the policy is replaced by another carrier with equivalent or greater benefits.

In all cases, clients should carefully determine with their tax advisor the tax consequences of acquiring this policy, including the deductibility of premiums paid under this policy, the taxability of policy benefits and whether all applicable tax law requirements have been satisfied in each particular circumstance.

Policyholder rights and benefits are determined by policy language, underwriting company charter and bylaws, and applicable law.

Paid Up Additions (PUA) DEFINITION: paid up additional life insurance purchased with additional premiums or dividends, over and above required premiums, that will immediately contribute to your death benefit as well as the cash value of the policy, dollar for dollar, minus any applicable fee.

2 Farmers Graded Death Benefit Whole Life Insurance policy form ICC11 -2011-123 or applicable state variation.

This ratio is the portion of future premiums that MetLife expects to return as benefits when averaged over all people with the applicable policy.

Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value (if applicPolicy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value (if applicpolicy loans and interest will reduce the death benefit and cash value (if applicable).

If multiple beneficiaries or survivors are listed on a policy or annuity, each individual is required to complete a death claim form to receive the applicable death benefit.

Under Income benefit option a monthly income equivalent to 1 % of applicable Sum Insured would be paid out to you on diagnosis of the listed major cancers for a fixed period of next 5 policy years.

MWPA for Term Insurance Plans While the Act is applicable to all kinds of life insurance policies, in a term insurance plan, there is no question of any intermediary or maturity benefit.

* Note: In the event of the death of the insured by suicide within the first year of the policy or with 1 year of the date of renewal the death benefits are not applicable.

9 Farmers Graded Death Benefit Whole Life Insurance policy form number ICC17 - FGDB or applicable state variation.

The policy offers tax benefits as applicable under section 80 C and 10 (10D) as per provisions of the Income Tax Act, 1961.

The premium rates for increase in Sum Assured as a result of Life Stage Event will be determined basis the Sum Assured band of the policy applicable to the total sum assured inclusive of the Life Stage Benefit.

In case of a full endowment policy, the basis sum that is assured is similar to the death benefit that is applicable at the beginning of the policy.

Make the policy paid up: Surrender charges and reversal of tax benefits are not applicable.

For Star Union Dai ichi Group Retirement Benefit Plan, premium allocation charge is deducted from the fund value and policy administration charge is not applicable.

Policy termination or Surrender Benefit: Surrender Value is only applicable under Single Pay plans where the Surrender ranges from 60 % -100 % depending on the year of surrender.

So it is quite obvious that if you fail to renew your policy on time, the policy will lapse and so no tax benefit will be applicable on the policy.

Policy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policyPolicy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policypolicy can be surrendered after the first policypolicy year.

For the knowledge of our customers, here we have provided a list of all applicable tax benefit that people can avail if they own LIC policies

In case of suicide committed after 12 months of policy inception or revival, the death benefit payable to the nominee will be higher or Surrender Value, if applicable or 80 % of total premiums paid.

Primarily, this tax benefit is applicable only if the main insurance policy is not issued under section 80DD or as a key man policy.

The Income Benefit is equal to the total of all the regular premiums due under the policy after the date of death or diagnosis of cancer, as applicable.

For the combination of both benefits, the applicable SA for each benefit is added to the SA of the other and a single policy is issued.

Air Ambulance Benefit: Permitted up to 10 % of the Sum Insured opted, during one policy period, applicable for sum insured of Rs. 7.5 lakhs and above only.