Sentences with phrase «payable under this benefit»

Since they did not cancel the trip, benefits are not payable under this benefit either.

In computing the number of days payable under this benefit, the date of admission will be counted, but not the date of discharge.

Not exact matches

Under its provisions, income outside Old Age Security benefits was measured and the maximum supplement payable was reduced 50 cents per dollar.

In light of Mr. Oman's years of service to the Company and his significant contributions to the growth of the Company's mortgage business, we believed it was appropriate to enter into this arrangement in 1998 to address the impact on benefits payable to him under these plans caused by certain prior internal job changes and amendments made to these plans.

Meanwhile, medium - earners would ultimately face benefits somewhere between what is currently scheduled and what is payable under current law.

If the payments or benefits payable to him in connection with a change in control would be subject to the excise tax on golden parachutes imposed under Section 4999 of the Internal Revenue Code, then those payments or benefits will be reduced if such reduction would result in a higher net after - tax benefit to him.

Benefits payable under the Combined Plans using the Alternative Benefit formula are reduced if a team member terminates employment and begins receiving benefit payments prior to reaching «regular retirement age.Benefit formula are reduced if a team member terminates employment and begins receiving benefit payments prior to reaching «regular retirement age.benefit payments prior to reaching «regular retirement age.»

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.

Such annuities may be based on no more than 5 years of out - of - state teaching service and may equal, but not exceed, the benefits that would be payable under the Florida Retirement System if credit for out - of - state teaching was authorized under that system.

Benefits are payable under the optional retirement program to program participants or their beneficiaries and paid only by the designated company in accordance with the terms of the contracts applicable to the program participant.

No benefits are payable, if the death is due to the scenarios mentioned under Terms and Conditions - «Exclusions in case of death due to Accident» — refer Sales Literature.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

(ii) In the case of an individual who is no longer currently entitled to monthly insurance benefits under this title but to whom all past - due benefits have not been paid, for purposes of clause (i), any amount of such past - due benefits payable in any month shall be treated as a monthly benefit referred to in clause (i)(I).

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

No benefit is payable under the Guaranteed Issue Life Insurance Plan in the case of suicide, while sane or insane, within two years of the effective date of the coverage.

Benefits payable by the Veterans Administration are not subject «to attachment, levy, or seizure by or under any legal or equitable process whatever.»

Generally, wage - loss replacement benefits payable on a periodic basis under a group sickness or accident insurance plan to which an employer has contributed are included in an employee's income for tax purposes when those benefits are received.

A payment under the Extended Care Benefit is payable only once, regardless of any subsequent confinement.

Depending on the direction interest rates move, the MVA may increase or decrease benefits payable under the Contract.

The minimum amount payable under death benefits or maturity guarantees provided for under the terms of the segregate fund contract.

It's possible that a benefit may be payable under the super laws but not under the rules of your SMSF

The person or party that will receive any death benefit payments payable under the annuity contract.

Benefits that can be reduced under a critical status plan include certain post-retirement death benefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered criticalBenefits that can be reduced under a critical status plan include certain post-retirement death benefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered criticalbenefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered critical status.

Different treatment arises for the purposes of your transfer balance account depending on whether, under the payment split, the non-member spouse is entitled to either a lump sum amount or a percentage of the member spouse's superannuation income stream benefits payable from the superannuation income stream.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

This determination («qualification») gives an alternate payee the right to receive some or all of the benefits payable under a plan, including survivor benefits.

Pension Benefit - A retirement benefit payable under a pension plan to a participant or the participant's benefBenefit - A retirement benefit payable under a pension plan to a participant or the participant's benefbenefit payable under a pension plan to a participant or the participant's beneficiary.

PBGC's guarantee of the benefits in a terminated multiemployer plan — payable as financial assistance to the plan — starts if and when the plan is unable to make payments at the level guaranteed under ERISA.

A Qualified Domestic Relations Order (QDRO) is a judgment decree or order made pursuant to a state domestic relations law that creates or recognizes the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable with respect to a participant under a qualified retirement plan and that complies with certain special requirements.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

Any benefit payable under the Gate 1 Cancellation Waiver will be reduced by the amount of any cancellation benefits paid or payable by the Gate 1 Travel Protection Plan or any other insurance plan providing Trip Cancellation benefits.

Under the current legislation, if your injuries are classified as non-catastrophic you are entitled to a maximum of $ 3,000 in attendant care per month and the benefit is payable for 5 years following your collision.

The issue before the court was whether the assessment fell under Bankruptcy Code section 523 (a)(7), which exempts from discharge any «fine, penalty or forfeiture payable to and for the benefit of a governmental unit, and is not compensation for actual pecuniary loss.»

(3) If a person is entitled to receive benefits under this Regulation as a result of an election made under section 30 of the Workplace Safety and Insurance Act, 1997, no income replacement, non-earner or caregiver benefit is payable under this Regulation to the person in respect of any period of time before the person makes the election.

«listed expenses» means, in connection with statutory accident benefits, the amounts payable that, under section 288.1, are listed expenses; («frais désignés»)

(a) every continuing periodic amount payable by an insurer as an income replacement benefit, education disability benefit, caregiver benefit or loss of earning capacity benefit in accordance with the Schedule shall be revised, effective the 1st day of January in every year after 1994, using the indexation percentage published under subsection 268.1 (1); and

(3) The insurer shall hold in trust any amounts payable as an income replacement benefit, a non-earner benefit or a benefit under section 21, 22 or 23 to a person who sustains an impairment as a result of an accident if,

«A» is the weekly base amount determined under subsection (2) less the total of all other income replacement assistance, if any, for the particular week the benefit is payable, and

The weekly amount of any income replacement or non-earner benefit payable under this Regulation, determined without regard to any other income replacement assistance, within the meaning of subsection 4 (1), that is received by the insured person.

(3) The amount of the attendant care benefit payable in respect of an insured person shall not exceed the amount determined under the following rules:

(4) Benefits payable under this Regulation in respect of an insured person shall be paid by the insurer that is liable to pay under subsection 268 (2) of the Act.

(5) For the purposes of subsections (1) and (3), medical and rehabilitation benefits payable in respect of an insured person include all fees and expenses for conducting assessments and examinations and preparing reports in connection with any benefit or payment to or for an insured person under this Regulation, other than,

(2) Despite section 6, an income replacement benefit that has been adjusted under subsection (1) is payable, without any deductions under clause 7 (3)(a) or (b), until the person dies.

(1) An amount payable in respect of a benefit is overdue if the insurer fails to pay the benefit within the time required under this Regulation.

(2) A notice of the reduction of any benefit payable under a contract of insurance or of the increase of the premium rate for any benefit under a contract of insurance shall be delivered to the member by a method which has been approved by the Superintendent.

(3) A beneficiary may enforce for the beneficiary's own benefit, and a trustee appointed under section 315 may enforce as trustee, the payment of insurance money payable to him, her or it, but the insurer may set up any defence that it could have set up against the insured or the insured's personal representative.

(b) that, to the extent any of the expenses referred to in clause (a) are for transportation, are authorized transportation expenses for which no medical benefit described in clause 15 (1)(g) is payable, no rehabilitation benefit described in clause 16 (3)(k) is payable and no amount is payable under subsection 25 (4).

Any average person applying for this additional insurance coverage would understand a «policy of insurance» to mean an optional, private insurance contract and not a mandatory statutory scheme such as the CPP; so future CPP disability benefits do not reduce the amount payable by the insurer under the endorsement.

LTT is not chargeable on the rent payable under a lease that is assigned unless the assigned lease benefited from a specified relief on grant.

(3) Failure to comply with subsection (2) does not relieve the insurer from any time limit established by this Regulation for the payment of the benefit, but the insurer shall determine the amount of the benefit on the basis of its best estimate of the income tax payable by the person under the Income Tax Act (Canada) and the Income Tax Act (Ontario), subject to later adjustment of the amount of the benefit when subsection (2) is complied with.