Cash Benefits. The Benefits described in the Member Handbook and Supplemental Benefits brochures, if applicable, are provided by Plan, subject to payment by the Member of the Cost Shares indicated. Additionally, except as specifically provided in Section 3.6 and Article XI hereof, neither Plan nor any Plan Provider will be obligated to provide a Member with cash in lieu of Benefits.
Cash Benefits. Effective as of the Distribution Date, SpinCo hereby agrees to cause the SpinCo Executive Deferred Compensation Program to assume responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by SpinCo Participants immediately prior to the Distribution Date that are payable in cash. Effective as of the Distribution Date, RemainCo hereby agrees to cause the RemainCo Executive Deferred Compensation Program to retain responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by RemainCo Participants immediately prior to the Distribution Date that are payable in cash.
Cash Benefits. (1) An insured person and members of their family residing or staying in the State which is not competent shall be entitled to cash benefits provided by the competent institution in accordance with the legislation it applies.
(2) The competent institution of a State whose legislation stipulates that the calculation of cash benefits shall be based on average income or on an average contribution basis shall determine such average income or average contribution basis exclusively by reference to the incomes confirmed as having been paid, or contribution bases applied, during the periods completed under the said legislation.
(3) The competent institution of a State whose legislation provides that the calculation of cash benefits shall be based on standard income shall take into account exclusively the standard income or, where appropriate, the average of standard incomes for the periods completed under the said legislation.
(4) Paragraphs 2 and 3 apply mutatis mutandis to cases where the legislation applied by the competent institution lays down a specific reference period which corresponds in the case in question either wholly or partly to the periods which the person concerned has completed under the legislation of the other State.
Cash Benefits. The Company or its Subsidiary shall pay the Employee as a severance payment an amount equal to:
(1) the sum of:
(A) the Employee’s highest annual salary in effect during any period of 12 consecutive months within the 60 months immediately preceding his or her date of termination of employment, plus
(B) an amount equal to the highest annual bonus awarded to the Employee under the Company’s Corporate Bonus Plan (or a similar plan in which the Employee is designated to be a participant) in respect of any of the three most recent calendar years immediately preceding the calendar year in which his or her date of termination of employment falls. Such severance payment shall be paid in lump sum within 10 business days of the date of the latest of the Employee’s termination of employment, the Change in Control or the effective date of any release under Section 4 (taking into account any rescission period that may apply to such release under applicable laws). Such severance payment shall be in addition to any accrued salary and vacation pay to which the Employee shall be entitled to receive as a matter of law through the date of the Employee’s termination of employment at the rate then in effect in accordance with the standard payroll practices of the Company or Subsidiary which shall not be considered to be Benefits under this Agreement.
Cash Benefits. The Company ---------------------------- ------ -------- shall pay Consultant an annual fee of $300,000 during the Consulting Period in equal semi-monthly installments on its normal payroll days. Consultant shall be entitled to health and dental insurance, disability insurance and similar benefits that are provided to executive officers of the Company, and shall have all other incidental perquisites available to Consultant in his previous capacity as President of the Company or made available to the top executives of the Company. The Company shall not, however, be required to adopt or to maintain in existence any benefit plan or modify the terms of eligibility under any plan to accommodate Consultant, but shall, if Consultant is ineligible under any such plan, provide comparable benefits purchased separately.
Cash Benefits. The Company shall pay to Executive the sum of:
1. Executive’s monthly base salary for the number of full or partial months between the Termination Date and May 20, 2022;
2. $501,375, which amount equals 125% of Executive’s target incentive award for 2021; and
3. Subject to Executive’s timely election of COBRA continuation coverage, a payment of $15,000 for continuation of Executive’s health insurance coverage. Payment of amounts set forth in Sections 3(a)(1)-3(a)(3) shall commence not later than 28 days after the Termination Date in substantially equal quarterly installments ending on March 15, 2022.
Cash Benefits. Cummins will pay Approved Claims for Ordinary Losses and Lost Time as well as Extraordinary Losses as described below. Settlement Class Members who submit a valid and timely Claim Form may choose one of the applicable claim categories below.
Cash Benefits. (1) An insured person and members of their family residing or staying in a State other than the competent State shall be entitled to cash benefits provided by the competent institution in accordance with the legislation it applies. By agreement between the competent institution and the institution of the place of residence or stay, such benefits may, however, be provided by the institution of the place of residence or stay at the expense of the competent institution in accordance with the legislation of the competent State.
(2) The competent institution of a State whose legislation stipulates that the calculation of cash benefits shall be based on average income or on an average contribution basis shall determine such average income or average contribution basis exclusively by reference to the incomes confirmed as having been paid, or contribution bases applied, during the periods completed under the said legislation.
(3) The competent institution of a State whose legislation provides that the calculation of cash benefits shall be based on standard income shall take into account exclusively the standard income or, where appropriate, the average of standard incomes for the periods completed under the said legislation.
(4) Paragraphs (2) and (3) apply mutatis mutandis to cases where the legislation applied by the competent institution lays down a specific reference period which corresponds in the case in question either wholly or partly to the periods which the person concerned has completed under the legislation of one or more other States.
Cash Benefits. (1) If the cash benefit in the case of occupational disease exists pursuant to legislation of both Contracting States, the benefit shall be granted only pursuant to legislation of the Contracting State in the territory of last performance of the economic activity conducive to occurrence of the occupational disease concerned.
(2) Where an insured person has received benefits for occupational disease under the legislation of either Contracting State, and in the event of an aggravation of his condition during his residence in the territory of the other Contracting State, the competent institution of the first Contracting State shall bear the cost of benefit, taking the aggravation into account, in accordance with the provisions of the legislation which that institution applies, in so far as the person contracted occupational disease has not engaged, under the legislation of the second Contracting State, in an occupation liable to cause or aggravate the disease in question. If the insured person has engaged in such an activity under the legislation of the second Contracting State, the competent institution of the first Contracting State shall bear the cost of benefit, leaving the aggravation out of account, in accordance with the provisions of the legislation it applies; the competent institution of the second Contracting State shall pay the difference between the amount of benefit calculated after the aggravation in accordance with the legislation which that institution applies and the amount of benefit that would have been due before the aggravation.
