Payments of Benefits. A. An employee who has lost time due to a work-related injury or illness will be paid in one of two ways: If seven (7) or less calendar days are lost, the hours lost must be charged to extended sick leave (ESL) first, then ESL frozen, then PTO. If there is lost time which extends beyond seven (7) calendar days due to the disability, a workers' compensation claim is filed and the time lost will be paid by the Workers' Compensation Program Administrator. Note: OEH shall notify the human resources (HR) department of all potential lost time claims. The Worker’s Compensation program benefit pays the employee 70% of their gross pay to the maximum compensation rate. An employee receiving temporary workers’ compensation payment may use extended sick leave (ESL) first, then ESL frozen, then PTO to supplement their wages to 100% of their salary. Supplemental payment is not made for lost wages or medical expense of a claim being contested/investigated. In those situations, payment is made based on the Workers' Compensation Program Administrator’s determination. In cases where a claim is being contested or denied and the employee is unable to work, the employee may file a Certification of Contested Worker’s Compensation Claim (DPS221) with the Division of Unemployment and Disability Insurance. The employee may be eligible for Unemployment and/or Disability benefits for up to 26 weeks as determined by the Division of Unemployment and Disability insurance. The denial of workers' compensation benefits does not negate the ability of the employee to file for Short Term Temporary Disability benefits, if the employee chooses to do so.
B. For employees on a leave of absence, refer to the Leave of Absence Policy regarding insurance benefits, job guarantee and job status/security.
Payments of Benefits. On behalf of each covered individual of your family this Benefit pays 100% of all eligible expenses for each insured person. Effective September 19, 2005 the lifetime maximum for supplementary health care is eliminated for active employees.
Payments of Benefits. The benefits under this Policy will be payable only on submission of satisfactory proof to Us. The benefits under this Policy will be payable to You/the Claimant (Nominee) as the case may be. Once the benefits under this Policy are paid to You/the Claimant (Nominee) as the case may be, the same will constitute a valid discharge of Our liability under this Policy.
Payments of Benefits. Benefits paid in accordance to the above clauses shall be paid in a lump sum on the union member’s final check at the member’s final rate of pay.
Payments of Benefits. (a) Upon termination of any Participant's employment with the Bank, there shall be paid to him, or in the event of his death to his beneficiary or beneficiaries designated under Section (b) of this Article VII, an amount equal to the Net Vested Account Value of such Participant, determined in accordance with the valuation formula set forth in Article II, Section (j) as of the date of termination of employment of such Participant. Such amounts will be reduced by any amounts required by law to be withheld by the Bank. Such amounts with interest at the rate of eight percent (8%) per annum shall be distributed in the manner elected by the Executive on an Election Form accepted by the Bank. The Executive may elect (1) to begin receiving distributions from his account on either the first day of the second month after termination of service with the Bank or the first day of second month of the calendar year immediately after termination of service with the Bank and (2) to receive his benefits in either a lump-sum or in substantially equal monthly installments over a period up to 15 years. In order to be effective with respect to the timing of distributions, the Executive's Election Form must be submitted to the Bank either more than one year before the date on which the Executive's service with the Bank terminates for any reason or within 30 days of the Plan's Effective Date. In the absence of a validly completed Election Form, the Executive's account shall be paid in 60 substantially equal monthly payments beginning on the first day of the second month after termination of service with the Bank.
(b) Each person shall file an Election Form with the Bank's Employee Benefits Plan Administrator designating one or more beneficiaries to whom payments otherwise due the Executive shall be made in the event of his death while in the employ of the Bank or after termination therefrom. The beneficiary or beneficiaries so designated shall be one or more persons or entities, including a trust or estate, other than his creditors, or the creditors of his estate, or an entity in which any of the foregoing may have an interest. The Executive shall have the right to change the beneficiary or beneficiaries from time to time whether before or after termination of employment; provided, however, that any change shall not become effective until an Election Form is received by the Employee Benefits Plan Administrator. If the Executive dies before receiving all amounts payable of his Net...
Payments of Benefits. 4.1 Subject to clause 4.2, if any monies become payable under the Policy due to a claim under the Policy or due to any reason, then the monies will be paid in full into the SRS account.
4.2 If the Policyholder passes away, any claim proceeds payable on the Policyholder’s death will not be paid into the SRS Account but will be paid according to the Policy. However if the Policyholder is a Singapore Permanent Resident or does not hold Singapore citizenship, the Company will be entitled to deduct from the claim proceeds an amount equal to the withholding tax payable at the prevailing withholding tax rate and pay the balance of the claim proceeds according to the Policy.
Payments of Benefits under this Agreement to beneficiaries who reside in the territory of the other Contracting State are made in the currency of either Contracting State or in any other freely convertible currency in accordance with the relevant laws and regulations of the Contracting States. In case provisions for restricting the exchange of currencies or remittance are introduced by either Contracting State, the Governments of both Contracting States shall immediately consult on the measures necessary to ensure the payments of benefits by the Contracting State which imposes such restrictions.
Payments of Benefits. (a) Upon termination of any Participant's employment with the Bank, there shall be paid to him, or in the event of his death to his beneficiary or beneficiaries designated under Section (b) of this Article VII, an amount equal to the Net Vested Account Value of such Participant, determined in accordance with the valuation formula set forth in Article II, Section (j) as of the date of termination of employment of such Participant. Such amounts will be reduced by any amounts required by law to be withheld by the Bank. Such amounts with interest at the rate of eight percent (8%) per annum shall be distributed in the manner elected by the Executive on an Election Form accepted by the
Payments of Benefits. Any benefit payable pursuant to Article I of this Agreement shall be paid at the same time and in the same form and manner as payments are made to Executive (or to his spouse or his co-annuitant) under UCRS.
Payments of Benefits. The Trustees shall make payments from the Trust Fund in accordance with the terms of the Plan. Notwithstanding the foregoing, no payments shall be made from the Trust Fund to the Member, Spouse or Beneficiary of such Member or to the Company at any time that any loan is outstanding to a Financial Institution.
