Benefit Provision Sample Clauses

Benefit Provision. The plan will provide that an eligible employee is insured for benefits equivalent to 70% of their normal weekly earnings.
AutoNDA by SimpleDocs
Benefit Provision. Notwithstanding the provisions of this Agreement in the payment of the benefits under Article 3, any benefits payable under this Agreement are payable solely to the extent of payments actually made by the Annuity Contract(s) as identified in this Agreement or other provision as provided for in Section 2.2.
Benefit Provision. Subject to the Exclusions and Limitations and the provisions of the section entitled “Partial Benefit Amount”, We will pay the Benefit Amount as shown on the Schedule for a Covered Person, if: • A First Diagnosis is made by a Physician after the Effective Date and after the Waiting Period for a Covered Person; and said First Diagnosis is an appropriate diagnosis based on applicable x-ray, laboratory test, or other recognized diagnostic procedures performed during the life of the Covered Person or postmortem, and is made based on generally accepted principles of medicine in the United States at the time the diagnosis is made. The Benefit Amount shown on the Schedule will be paid for a First Diagnosis, except as provided under the “Partial Benefit Payment” provision. No more than one Benefit Amount will be paid for a Covered Person, even if a Covered Person experiences more than one Invasive Cancer. A Partial Benefit Amount, as shown on the Schedule, will be paid for: • A First Diagnosis of Carcinoma in Situ. Such diagnosis must be made after the Effective Date and after the Waiting Period. A Partial Benefit Amount will be paid only once for a Covered Person during that person’s lifetime. If a Covered Person receives the Partial Benefit Amount payment, the remaining percentage of the Benefit Amount will be payable if: • The Covered Person should receive a First Diagnosis for Invasive Cancer, other than Carcinoma in Situ; and • This Policy remains in effect for the Covered Person. In no event will the total amount paid for the two benefit payments exceed the Benefit Amount shown on the Schedule. No benefits will be paid for: • A diagnosis made prior to the Effective Date, or during the Waiting Period, as applicable to the Covered Person; • Any disease, Sickness, or incapacity not specified in this Policy; • Basal cell carcinoma and squamous cell carcinoma of the skin; • Melanoma that is diagnosed as Xxxxx’x level I or II or Xxxxxxx’x classification less than 0.75mm; • Premalignant tumors or polyps; • Sickness caused by alcohol, drugs, narcotics, or hallucinogens not prescribed by a Physician, or not used in the manner prescribed by the Physician; • More than one First Diagnosis occurrence after the Effective Date and after the Waiting Period, except as specified on the Schedule and under the Section entitled “Benefit Provision”; • Any Invasive Cancer or Carcinoma in Situ resulting from: • self-inflicted Injury, while sane or insane; • the Covered Person’s com...
Benefit Provision. Beneficiary An Employee may name anyone as his or her beneficiary. The Employee must file the name or names on a form approved by the Provident. An Employee may change his or her beneficiary at any time by giving notice in writing. The effective date of the change is the date the request is signed. However, the Provident is not liable for any amount paid before the request is received. If an Employee names more than one beneficiary, they will share equally unless he or she provides otherwise. If a beneficiary dies before an Employee, his or her share will be paid equally to the surviving beneficiaries, unless the Employee states otherwise. Any amount for which a beneficiary is not named will be paid to the Employee's estate. General Exclusions Benefits are not paid for any loss caused by or resulting from: (a) suicide or self-inflicted Injury, whether sane or not (in Missouri, while sane); (b) bacterial infections, except those which occur with a cut or wound at the time of the accident; (c) any kind of disease; (d) medical or surgical treatment (except surgical treatment required by the accident); (e) war or any act of war; (f) Injury sustained while in any of the armed forces (land, sea or air) of any country or international authority except while on temporary domestic National Guard or Reserve duty for less than 30 days; or (g) Injury sustained while an Employee is riding in, boarding or alighting from an aircraft other than as provided under a Hazard described on a preceding page.
Benefit Provision. The Schedule of Benefits of this Policy is shown below. While this Policy is in effect, the benefits will be payable according to Your chosen plan level as shown in the Policy Schedule, subject to the terms and conditions stated in the Policy Contract. Therapy Care Benefit (Early Stage Cancer or Advanced Stage Cancer) 30,000 50,000 70,000 Get Well Benefit (Early Stage Cancer or Advanced Stage Cancer) 6,000 per year for 5 installments 10,000 per year for 5 installments 14,000 per year for 5 installments Maximum cancer benefit payout 60,000 100,000 140,000 AXA Care Benefit (a) Concierge service arrangement will be available once the Policy is issued (b) Second Medical Opinion Bereavement Benefit (Basic Sum Insured) 1,000 2,000 3,000
Benefit Provision a) The rules and pay for benefits are in accordance with the applicable section of the Collective Agreement unless otherwise stipulated below. b) Floating Holidays and days in lieu of Mill Holidays can only be taken off in (12) hour days. Employees on a twelve (12) hour work week are entitled to two (2) Floating Holidays with 12 hours pay per day. The hours paid for a floater is based on the employee’s scheduled hours for the day of the floater. The maximum number of hours paid for floaters in a contract year is 24 hours. c) Bereavement Leave is provided in accordance with Section 26 of the Collective Agreement with up to the maximum hours of leave as specified therein.
Benefit Provision. The Board shall provide the following fringe benefits for all eligible Professional Employees at no cost to the member: a. Member Health, b. Member Life ($20,000), and Dependent Life ($2,500), c. Member Dental, and, d. Member Vision. 3.1.1 Professional Employees who work thirty (30) hours per week or more (or half-time or more, or the equivalent) will receive full benefits. Those who are employed for less time will not be entitled to any benefits. 3.1.2 Should the Professional Employee choose optional or additional benefits or available insurance coverage all such items shall be the financial responsibility of the employee and the Professional Employee shall authorize a voluntary salary reduction to pay the excess insurance cost.
AutoNDA by SimpleDocs

Related to Benefit Provision

  • Spendthrift Provision The Director's and Beneficiaries' interests in the Deferral Accounts may not be anticipated, sold, encumbered, pledged, mortgaged, charged, transferred, alienated, assigned nor become subject to execution, garnishment or attachment and any attempt to do so by any person shall render the Deferral Accounts immediately forfeitable.

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • SAVINGS PROVISION If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • Release of Claims Under Age Discrimination in Employment Act Without limiting the generality of the foregoing, Executive agrees that by executing this Release, he has released and waived any and all claims he has or may have as of the date of this Release for age discrimination under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. It is understood that Executive is advised to consult with an attorney prior to executing this Release; that he in fact has consulted a knowledgeable, competent attorney regarding this Release; that he may, before executing this Release, consider this Release for a period of twenty-one (21) calendar days; and that the consideration he receives for this Release is in addition to amounts to which he was already entitled. It is further understood that this Release is not effective until seven (7) calendar days after the execution of this Release and that Executive may revoke this Release within seven (7) calendar days from the date of execution hereof.

  • EMPLOYEE BENEFIT PROGRAM (i) During the TERM, the EMPLOYEE shall be entitled to participate in all formally established employee benefit, bonus, pension and profit-sharing plans and similar programs that are maintained by the EMPLOYERS from time to time, including programs in respect of group health, disability or life insurance, reimbursement of membership fees in civic, social and professional organizations and all employee benefit plans or programs hereafter adopted in writing by the Boards of Directors of the EMPLOYERS, for which senior management personnel are eligible, including any employee stock ownership plan, stock option plan or other stock benefit plan (hereinafter collectively referred to as the "BENEFIT PLANS"). Notwithstanding the foregoing sentence, the EMPLOYERS may discontinue or terminate at any time any such BENEFIT PLANS, now existing or hereafter adopted, to the extent permitted by the terms of such plans and shall not be required to compensate the EMPLOYEE for such discontinuance or termination. (ii) After the expiration of the TERM or the termination of the employment of the employee for any reason other than JUST CAUSE (as defined hereinafter), the EMPLOYERS shall provide a group health insurance program in which the EMPLOYEE and her spouse will be eligible to participate and which shall provide substantially the same benefits as are available to retired employees of the EMPLOYERS on the date of this AGREEMENT until both the EMPLOYEE and her spouse become 65 years of age; provided, however that all premiums for such program shall be paid equally by the EMPLOYERS and the EMPLOYEE and/or her spouse after the EMPLOYEE's retirement; provided further, however, that the EMPLOYEE may only participate in such program for as long as the EMPLOYERS elect in their sole discretion to make available an employee group health insurance program which permits the EMPLOYERS to make coverage available for retirees.

  • Older Workers Benefit Protection Act Executive agrees and expressly acknowledges that this Release includes a waiver and release of all claims which he has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this Release: (i) This paragraph, and this Release are written in a manner calculated to be understood by him. (ii) The waiver and release of claims under the ADEA contained in this Release does not cover rights or claims that may arise after the date on which he signs this Release. (iii) This Release provides for consideration in addition to anything of value to which he is already entitled. (iv) Executive has been advised to consult an attorney before signing this Release. (v) Executive has been granted twenty-one (21) days after he is presented with this Release to decide whether or not to sign this Release. If he executes this Release prior to the expiration of such period, he does so voluntarily and after having had the opportunity to consult with an attorney, and hereby waives the remainder of the twenty-one (21) day period. (vi) Executive has the right to revoke this general release within seven (7) days of signing this Release. In the event he does so, both this Release and the offer of benefits to him pursuant to the Employment Agreement or the Change of Control Agreement, as applicable, will be null and void in their entirety, and he will not receive any severance payments or benefits under the Employment Agreement or the Change of Control Agreement. If he wishes to revoke this Release, Executive shall deliver written notice stating his or her intent to revoke this Release to the Chairman of the Board of Directors of the Company and the Company’s Chief Executive Officer, or, if Executive is serving in such capacities as of the Termination Date, to the Chairman of the Compensation Committee of the Board of Directors of the Company, at the offices of the Company on or before 5:00 p.m. on the seventh (7th ) day after the date on which he signs this Release.

  • SAVINGS PROVISIONS If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • Employee Benefit Programs During the Employment Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!