Income Loss Benefits Sample Clauses

Income Loss Benefits. If the Declarations indicate that Loss of Income applies, we will pay, in accordance with Va. Code Xxx. Section 38.2-2201 or Section 46.2-465 Loss of Income benefits to an “insured” who sustains “bodily injury”. The “bodily injury” must be caused by an accident arising out of the ownership, maintenance, or use of a “motor vehicle” as a “motor vehicle”. Subject to the limits shown in the Declarations Loss of Income benefits consist of loss of income incurred by an “insured” who is usually engaged in a remunerative occupation. Loss of Income:
AutoNDA by SimpleDocs
Income Loss Benefits. 1. Our maximum limit of liability for Loss of Income arising out ofbodily injurysustained by any one person in any one accident is the lesser of: a) The sum of the limits of liability shown in the Declarations for each person applicable to each “your covered auto” insured for Loss of Income under this policy; or b) $400 per person per week. This is the most we will pay regardless of the number of: a) “Insureds”; b) Claims made; or c) Vehicles or premiums shown in the Declarations. No one will be entitled to receive payment in excess of actual loss of income incurred from this or any other policy or combination of policies providing motor vehicle income loss benefits applicable to the accident.
Income Loss Benefits. If the Declarations indicate that Income Loss Benefits apply, we will pay, in accordance with Va. Code Xxx. Section 38.2-2201 or Section 46.2-465, income loss benefits to an “insured” who sustains “bodily injury”. The “bodily injury” must be caused by an accident arising out of the ownership, maintenance, or use of a “motor vehicle” as a “motor vehicle”. Subject to the limits shown in the Schedule or in the Declarations, income loss benefits consist of loss of income incurred by an “insured” who is usually engaged in a remunerative occupation. Loss of income: 1. Is computed from the first work day lost as a result of the accident; and 2. Does not include any loss of income incurred after the earliest of the following: a. The date the “insured” is able to return to his or her usual occupation; b. One year from the date of the accident; or c. The date the “insured” dies.

Related to Income Loss Benefits

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Layoff Benefits All rights to which a certificated employee was entitled at the time of his/her layoff including unused accumulated sick leave and credits toward leave eligibility will be restored to the certificated employee upon his/her return to active employment, and the certificated employee will be placed upon the proper step of the salary schedule for the certificated employee's current position according to the certificated employee's experience and education.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

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