Benefits on Death before the Normal Sample Clauses

Benefits on Death before the Normal. Retirement Age The Benefits payable would be made up of two components; 1. Gratuity and 0.Xxxxx Life Cover. The extent of the benefits are explained below: 1. Gratuity: If Benefits Payable are as per Payment of Gratuity Act The benefits payable for any Member from the Fund shall be Accrued Gratuity equal to 15 days’ salary (last drawn prior to the date of the termination of the Member’s Service with the Employer) for each year of completed Service, computed as per the provisions of and, subject to the maximum limits specified under the Payment of Xxxxxxxx Xxx, 0000, as amended from time to time. If Benefits Payable are higher than payable as per Payment of Gratuity Act The benefits payable from the Fund shall be as provided in the Schedule to this Group Policy. 2. Group Life Cover: The applicable Group Life Cover in respect of the Member as on the later of the Effective Date of Coverage and the Last Annual Renewal Date prior to date of death. 6.5
Sample 1
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Benefits on Death before the Normal. Retirement Age 16 6.5 Notification of a Claim 16 6.6 Filing of a Claim 16-17 6.7 Processing of Claim 17 6.8 Repudiation of claim for the Group Life Cover 17 6.9 Exclusion applicable for Group Life Cover 17 6.10 Transfer of Equitable Interest 17 7.0 Termination 18-19 7.1 Termination of Group Life Cover for Members 18 7.2 Termination of Met Gratuity Benefits 18 7.2.1 By a Member 18 7.2.2 By the Group Policy 18 7.2.3 By The Company 18 7.2.4 Automatic Termination 19 8.0 General Terms 19-21 8.1 Generality 19 8.2 Admissibility 19 8.3 Future Membership 19 8.4 Evidence of Age 19 8.5 Evidence of Insurability 19 8.6 Proving Data, Other requirements for administration and settlement of Claims 19 8.7 Modification to this Group Policy 19 8.8 Intimation of variation of Benefits 19 8.9 Non assignment of Benefits 19 8.10 Availability of Loans 19 8.11 Limited Liability of The Company 19-20 8.12 Non-Participation 20 8.13 Discharge 20 8.14 Statutory Orders and Provisions 20 8.15 Free Look Provision 20-21 8.16 Governing Laws and Jurisdiction 21 8.17 Incontestability 21 8.18 Disclosure 21 8.19 Breach of Warranty 21 8.20 Address for Communication 21
Sample 1

Related to Benefits on Death before the Normal

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Discussions Before Termination (a) Where an employer has made a definite decision that the employer no longer wishes the job the employee has been doing done by anyone and this is not due to the ordinary and customary turnover of labour and that decision may lead to termination of employment, the employer shall hold discussions with the employees directly affected and with his/her union, where applicable.

  • Benefits on Sick Leave Effective for absences beginning on or after April 1, 2000, the Hospital will pay the employer portion of the benefit premiums while an employee is on sick leave, including the EI period prior to the commencement of long term disability and LTD, to a maximum of 30 months from the date the absence began.

  • 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.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement.

  • Release upon Death (1) If a Securityholder dies, the Securityholder’s escrow securities will be released from escrow. The Escrow Agent will deliver any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent to the Securityholder’s legal representative.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Benefits on Layoff (The following clause is applicable to full-time employees only) In the event of a lay-off of a full-time employee the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

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