Benefit Commencement Sample Clauses

Benefit Commencement. 1st day of disability for accident 8th consecutive day of disability for sickness If you must be hospitalized because of an accident or sickness, benefit payments will begin as of the date you’re confined in a legally licensed hospital as an in-patient for at least 24 hours. 33 weeks You must be unable to perform the essential duties of your own occupation. Availability of your own occupation is not relevant when assessing disability from your own occupation. According to information provided by your Group Plan Administrator and our current records, your S.T.D. benefit payments are taxable income to you and we will provide you with a T4A for the current tax year. Any dispute regarding the taxation of your benefits shall be governed by applicable legislation and decisions of tax authorities. Please contact your Group Plan Administrator or your tax advisor if you have any questions or concerns. Drug Plan: 80% Major Services: 80% Hospital Services: 80% Vision Care Services: 80% Pay-Direct Drug Plan #84G
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Benefit Commencement. The Benefit payable under this SERP Agreement shall commence following (i) retirement of the Participant on or after December 31, 2005, (ii) termination of the Participant's employment with the Company pursuant to Section 7.4.1 of the Employment Agreement dated as of June 14, 1999 between the Participant and the Company (the "Employment Agreement"), (iii) payment by the Company to the Participant of damages for a material breach by the Company of the Change-in-Control Agreement referenced in Section 9.1 of the Employment Agreement (the "Change-in-Control Agreement"), (iv) termination of the Participant's employment pursuant to Section 7.2 of the Employment Agreement or (v) the Participant's death after attaining age 55 but before benefits commence hereunder. In no event will benefits commence prior to the first day of the month following the end of the Continuation Period (as defined in the Employment Agreement) if any. The Benefit payable under this SERP Agreement shall be payable to the Participant and, if applicable, to his spouse or beneficiary after his death.
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Benefit Commencement. Anything herein to the contrary notwithstanding, a Participant's benefit payments shall commence not later than the April 1 following the calendar year in which the Participant attains age 70-1/2 years, regardless of his employment status. If the Participant fails to file an application with the Trustees, his benefits will commence in accordance with procedures adopted by the Trustees. Notwithstanding any other provision of the Plan to the contrary, the Plan will apply the regulations concerning the minimum distribution requirements of Code Section 401(a)(9) that were proposed in 1987 with respect to distributions made for Plan Years beginning before January 1, 2003, and will apply the final regulations under Code Section 401(a)(9) with respect to distributions made for Plan Years beginning on or after January 1, 2003. All distributions under the Plan will meet the requirements of Treas. Reg. 1.401(a)(9)-2 through 1.401(a)(9)-9, including the incidental benefit requirements of Section 401(a)(9)(G) of the Code.
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Benefit Commencement. Accident: 1st day
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Benefit Commencement. First (1st) day after seventeen (17) week Weekly Indemnity period. Benefits are payable from the first (1st) day of disability and continue for a maximum of five (5) years, inclusive of Weekly Indemnity. The amount of the monthly benefit payable to an employee will be reduced by any benefit the employee is eligible to receive through the Canada/Quebec Pension Plan (excluding Dependent Benefits and/or Worker's Compensation Benefits). The qualifications for limited eligibility will be the same as those for Weekly Indemnity.
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Benefit Commencement. Accident - First (1st) day of disability. Sickness - First (1st) day of disability if hospitalized, or receiving out-patient care. For weekend workers the first day of disability if hospitalized, or receiving out-patient care, or the third shift of disability if not hospitalized or receiving out-patient care. - Eligibility for Weekly Indemnity on grounds of sickness will be the fourth (4th) day of disability. Maximum benefit period seventeen (17) weeks.
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Benefit Commencement day of disability. amount Nil Major service including travel assist (subject to change) Reimbursement Percentage One hundred percent (100%) Private Reimbursement Percentage One hundred percent Deductible amount Nil Reimbursement percentage One hundred (100%) Annual maximum One thousand dollars
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Benefit Commencement. Date shall mean the first business day of the calendar month following the earliest of (i) Executive’s Separation from Service or (iii) Executive’s death.
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Related to Benefit Commencement

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Disability Separation A. An employee with permanent status may be separated from service when the Employer determines that the employee is unable to perform the essential functions of the employee’s position due to a mental, sensory, or physical disability, which cannot be reasonably accommodated. Determinations of disability may be made by the Employer based on an employee’s written request for disability separation or after obtaining a written statement from a licensed physician or licensed mental health professional. The Employer can require an employee to obtain a medical examination, at Employer expense, from a licensed physician or licensed mental health professional of the Employer’s choice. Evidence may be requested from the licensed physician or licensed mental health professional regarding the employee’s limitations. B. When the Employer has medical documentation of the employee’s disability and has determined that the employee cannot be reasonably accommodated in any available position for which they qualify, or the employee requests separation due to disability, the Employer may immediately separate the employee. C. The Employer will inform the employee in writing of the option to apply to return to employment prior to their separation due to disability. The Employer will provide assistance to individuals seeking reemployment under this Article for two (2) years. If reemployed, upon successful completion of the employee’s probationary period, the time between separation and reemployment will be treated as leave without pay and will not be considered a break in service. D. A disability separation is not a disciplinary action. Disability separation at the employee’s request is not subject to the grievance procedure in Article 30.

  • Parental and Adoption Leave Allowance (a) An Employee entitled to parental or adoption leave under the provisions of this Agreement, who provides the Employer with proof that she/he has applied for and is eligible to receive employment insurance (E. I.) benefits pursuant to the Employment Insurance Act, 1996, shall be paid an allowance in accordance with the Supplementary Employment Benefit (S.E.B.) Plan. (b) In respect to the period of parental or adoption leave, payments made according to the S.E.

  • Maternity Leave Allowance ‌ (a) An employee who qualifies for maternity leave pursuant to Clause 21.1, shall be paid a maternity leave allowance in accordance with the Supplemental Employment Benefit (SEB) Plan. In order to receive this allowance, the employee must provide to the Employer, proof that she has applied for and is eligible to receive employment insurance benefits pursuant to the Employment Insurance Act. An employee disentitled or disqualified from receiving employment insurance benefits is not eligible for maternity leave allowance. (b) Pursuant to the Supplemental Employment Benefit (SEB) Plan, the maternity leave allowance will consist of 15 weekly payments equivalent to the difference between the employment insurance gross benefits and any other earnings received by the employee and 85% of the employee's basic pay.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Long Term Disability Benefit The Long Term Disability insurance provides income security should you become totally disabled prior to age 65 due to a sickness or injury which totally disables you over a long period of time. The Plan provides you with coverage on and off the job.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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