Maximum Benefits. The annual contribution for a Participant’s HSA Benefits is equal to the annual benefit amount elected by the Participant. In no event shall the amount elected exceed the lesser of: • The statutory maximum amount for HSA contributions applicable to the Participant’s coverage option (single or family) for the calendar year in which the contribution is made, or • The annual deductible under the HDHP option elected by the Participant. An additional catch-up contribution may be made for Participants who are age 55 or older. • The maximum contribution shall be reduced by any matching Employer contribution made on the Participant’s behalf • The maximum contribution shall be prorated for the number of months in which the Participant is an HSA eligible individual.
Maximum Benefits. The maximum benefits We will pay are shown on the Schedule of Benefits of the Policy. We will not pay for Home and Community-Based Care on any day that You are confined in a Nursing Facility. Home and Community-Based Care benefits may be paid on any day You are confined in a Residential Care Facility provided the total benefits payable for that day will not exceed the Residential Care Facility Maximum Daily Benefit.
Maximum Benefits. During any one calendar year the maximum benefits payable for covered dental expenses, except for orthodontic treatment, is $1,000.00 for each person. Covered dental expenses in connection with orthodontic treatment will be a lifetime maximum of $1,500.00 for each dependent child under nineteen (19) years of age.
Maximum Benefits. The benefit year maximum is $1,000.00 for each benefit year for basic and major services. The lifetime maximum for orthodontic services is $1,250.00.
Maximum Benefits. Benefits paid to any Covered Person for dental expenses for Preventive, Basic, and Major Services in any one calendar year shall not exceed the Maximum Benefit therefor as specified in the "SCHEDULE OF BENEFITS". Orthodontic Services are also subject to a lifetime Maximum Benefit as specified in the "SCHEDULE OF BENEFITS".
Maximum Benefits. The maximum benefits We will pay are shown on the Schedule of Benefits of the Policy. We will not pay for both Nursing Facility and Residential Care Facility benefits on the same day. We will pay other policy benefits while You are confined in a Residential Care Facility up to the Residential Care Facility Maximum Daily Benefit.
Maximum Benefits. Total additional increase for the final year of service of combined Basic and Other Benefits may not exceed 30% of the base contract salary for the final year of service. The base contract salary for an Administrator retiring during a contract year will be determined by prorating her/his salary over a full calendar year prior to the retirement date.
Maximum Benefits. Notwithstanding any other provisions of this Plan, the maximum annual Lifetime Retirement Benefits payable to any Member on retirement, termination of employment, or termination of the Plan, including any portion of pension assigned to the Member’s Spouse as a result of the breakdown of the spousal relationship shall not exceed the lesser of the following:
(1) 2% of the average of the Member’s indexed Compensation, and
(2) $2,444.44 or such greater amount permitted under the Income Tax Act. Multiplied by the sum of:
(3) the number of years of Credited Service before January 1, 1990 to a maximum of 35, and
(4) the number of years of Credited Service after December 31, 1989. For years of employment with the Company prior to January 1, 1990 that are credited to the Member after June 8, 1990, the maximum dollar limit in (2) above is $1,150. This maximum pension is reduced, if the pension commencement date precedes the earliest of the day on which:
(i) the Member will attain age 60,
(ii) the Member’s age plus Continuous Service (excluding periods of layoff or temporary suspension of employment) would have equalled 80,
(iii) the Member would have completed 30 years of Continuous Service (excluding periods of layoff or temporary suspension of employment); and
(iv) the Member suffers a total and permanent disability as defined in Income Tax Act. by ¼ of 1% for each month by which the pension commencement date precedes that day, and increased, if the pension commencement date is after the Member attains age 65, to the Actuarial Equivalent of the maximum pension at age 65. The maximum limit described above is applied in the form paid to the Member, except where the form of pension is a joint and survivor form continuing in a percentage greater than 66.66%, or in a joint and survivor form combined with a guarantee period of more than 5 years, the pension shall be further reduced, if necessary, so that it is not greater than the Actuarial Equivalent of the maximum pension payable in a 66.66% joint and survivor form.
Maximum Benefits. Subject to an overall maximum of payable for each person during any period of consecutive calendar years. As of the second January 2nd following the effective date of this insurance, and on each January 2nd thereafter, of the original Major Medical maximum is rein- stated automatically. If, after this reinstatement, the unused portion of the maximum is less than an employee or qualified dependent may have the full maximum reinstated by submitting satisfactory evidence of insurabil- ity at the employee’s expense.
Maximum Benefits. The Parties shall in good faith and with Due Diligence seek to expend funds in a cost-effective manner to optimize the public benefits resulting from performance of obligations arising under this Agreement.
