Benefit Restrictions Sample Clauses

Benefit Restrictions. The following do not qualify for benefits under the Plan: a) The first day of absence for each separate occurrence of disability in excess of four (4) occurrences per calendar year. Recurring absences for regularly scheduled treatment by a qualified medical practitioner of an ongoing or prolonged illness or injury will be considered as one (1) occurrence.

Benefit Restrictions. Any benefits payable under the Annuity Payments Section, or the Withdrawal Section are subject to the following added provisions: A. Effective after December 31, 1988, withdrawals attributable to contributions made pursuant to a salary reduction agreement may be made only when the Contract Owner is over age 59 1/2, leaves the employment of the employer who purchased the contract, dies, becomes disabled as defined in section 72(m)(7) of the Code, or establishes hardship as defined in the Code. In the case of hardship withdrawal, no income attributable to such contributions may be withdrawn. B. Notwithstanding any provisions of this contract to the contrary, the distribution of an individual's interest shall be made in accordance with the requirements of section 401(a)(31) of the Code and the minimum distribution requirements of section 403(b)(10) of the Code and the regulations thereunder, including the incidental death benefit provisions of section 1.401(a)(9)-2 of the proposed regulations, all of which are herein incorporated by reference. C. The Contract Owner's entire interest in the contract must be distributed, or begin to be distributed, by the Contract Owner's required beginning date, which effective January 1, 1997, is the April 1 of the calendar year following the later of (i) the calendar year in which the Contract Owner reaches age 70 1/2, or (ii) the calendar year in which the Contract Owner retires. For a Contract Owner who is a 5% owner of the employer in the plan year ending in the calendar year in which the Contract Owner reaches age 70 1/2, such Contract Owner's required beginning date is the April 1 following the calendar year in which that Contract Owner reaches 70 1/2. For each succeeding year, a distribution must be made on or before December 31. By the required beginning date the Contract Owner may elect to have the balance in the contract distributed in one of the following forms: a. a single sum payment; b. equal or substantially equal periodic payments over the life of the Contract Owner; c. equal or substantially equal periodic payments over the lives of the Contract Owner and his or her designated beneficiary; d. equal or substantially equal periodic payments over a specified period that may not be longer than the Contract Owner's life expectancy ; e. equal or substantially equal periodic payments over a specified period that may not be longer than the joint life and last survivor expectancy of the Contract Owner and his or her d...

Benefit Restrictions. An employee who became disabled prior to the effective date of the increased maximum monthly benefit of three thousand and 00/100 dollars ($3,000.00) is eligible only for the monthly benefit payable in effect prior to the increase which was up to two thousand and 00/100 dollars ($2,000.00).

Benefit Restrictions. Impose pharmacy benefits restrictions that apply to a given recipient including, but not limited to: benefit restrictions based on the lock-in program, living arrangements (e.g., ambulatory versus long-term care settings), and eligibility for the Department’s different pharmacy programs.

Benefit Restrictions. The following do not qualify for benefits under the Plan: a) The first day of absence for each separate occurrence of disability (including the first day of each separate occurrence of absence pursuant to Article 18.11) in excess of four (4) occurrences per calendar year. Recurring absences for regularly scheduled treatment by a qualified medical practitioner of an ongoing or prolonged illness or injury will be considered as one (1) occurrence. b) Pregnancy or parental leave. c) Disabilities occurring during leaves of absence without pay. Entitlement resumes when the designated period of such leave expires and the employee returns to work. d) Any absence when the employee has been suspended for just cause. e) Any absence where an employee is locked out or on a strike authorized by the Union.

Benefit Restrictions. Pension plans must meet specified funding thresholds in order to provide continued benefit accruals or to implement amendments improving plan benefits. In general: ▪ Continued benefit accruals – plan benefits must be frozen if the plan’s funded percentage is below 60% ▪ Benefit improvements – plan amendments improving benefits are generally prohibited unless the plan is at least 80% funded after taking the new amendment into account or the company immediately funds the full cost of the benefit improvement. When a restriction imposed under this Section no longer applies, the benefit, right, or feature affected by that restriction will be retroactively reinstated. You will be notified if any of these restrictions apply.