Transition Survivor Income Benefit Sample Clauses

Transition Survivor Income Benefit a) The Company agrees to provide Transition Survivor Income Benefits Insurance for a period of up to a maximum of twenty-four (24) months in the amount of $500.00 per month payable to the eligible survivor of an employee who dies on or after July 29, 1998; except that $525.00 per month effective July 29, 1998 will be payable in any month in which;
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Transition Survivor Income Benefit. For eligible Class A, B or C survivors, a Transition Survivor Income Benefit in the amount of $875 per month for any such benefit payable for months commencing on or after October 1, 2010 for up to a maximum of 24 months shall be provided, except that for any month in which a Class A eligible survivor has a dependent child, as defined in subsection (c) herein, and for any month in which a Class B eligible survivor of the employee is not survived by either parent, the amount of the Transition Survivor Income Benefit shall be $950 per month for such benefit payable for months commencing on or after October 1, 2010. For months in which two or more eligible survivors share a Benefit, each survivor's share is computed as a fraction of the Benefit that would be paid to a sole survivor, according to the survivor's own eligibility for statutory benefits. Survivor Income Benefit Insurance shall be in force only while an employee is insured for Extra Accident Insurance under this Article and only while the employee has at least one eligible dependent. Such insurance shall also be provided for an employee retired under the total and permanent disability and occupational disability provisions of The General Motors Canadian Hourly-Rate Employees Pension Plan, but only until attainment of age 65. No other retired employee shall be insured hereunder.
Transition Survivor Income Benefit. A Transition Survivor Income Benefit in the amount of $700 per month for up to a maximum of 24 months shall be provided, except that the benefit amount shall be $375 for any month for which an eligible survivor of the deceased employee is eligible for an unreduced retirement benefit, a survivor’s benefit not reduced because of age, or a disability benefit under the Federal Social Security Act as now in effect or as hereafter amended. Such Transition Survivor Income Benefit shall be reduced by an amount equal to the full amount of any monthly benefit payable to a surviving Art. II, 8(a) spouse under any pension plan or retirement program then in effect to which the Company or any of its subsidiaries has contributed. For months in which two or more eligible survivors share a Benefit, each survivor’s share is computed as a fraction of the Benefit that would be paid to such survivor as a sole survivor, according to the survivor’s own eligibility for Social Security benefits. Survivor Income Benefit Insurance shall be in force only while an employee is insured for Extra Accident Insurance under this Article and only while such employee has at least one eligible dependent. Such insurance shall also be provided for an employee retired under the total and permanent disability provisions of the General Motors Hourly-Rate Employees Pension Plan, but only until such employee has attained age 65. No other retired employee shall be insured hereunder.
Transition Survivor Income Benefit. If an employee dies while insured for survivor income benefits, leaving one or more survivors, as defined below, the insurer shall begin payment of not more than twenty-four (24) monthly survivor income benefits ("Transition Survivor Income Benefits"), provided at least one of such survivors is living on the first day of the month following the employee's death and then qualifies as his/her survivor, and provided that no waiver of benefits is in force. Effective October 1, 2002, the amount of the monthly Transition Survivor Income Benefit payable to the eligible class A, class B or class C survivors of employees shall be $750.00 per month for any such benefit payable for months commencing on or after October 1, 2002 but before October 1, 2003 and $775.00 per month for any such benefit payable for months commencing on or after October 1, 2003, except that for any month in which an eligible class A survivor has a dependent child as defined in subsection (a)(2) herein and for any month in which an eligible class B survivor has no parent surviving, the amount of the Transition Survivor Income Benefit shall be $825.00 per month for any such month commencing on or after October 1, 2002 but before October 1, 2003 and $850.00 per month for any such benefit payable for months commencing on or after October 1, 2003. For months in which two (2) or more eligible class B or class C survivors share a benefit, each survivor's share is computed as a fraction of the benefit that would be paid to him/her as a sole survivor, according to his/her own eligibility for statutory benefits. The first such benefit is payable on the first day of the month following the employee's death. Thereafter, a monthly survivor income benefit is payable on the first day in each of the next twenty-three (23) months, but if on the first day of any month after the employee's death no person then living qualifies as his/her survivor, no such benefit is payable for that month or any subsequent month. Survivors are classified and defined as follows:
Transition Survivor Income Benefit. In the event of the death on or after APRIL from any cause, of an employee while he is insured for Accidental Death and Dismemberment Insurance and who has at least one year of credited seniority, a Transition Benefit shall be payable monthly commencing on the first day of each month thereafter, until such monthly payments have been made or until there are no eligible survivors in any class of eligible survivors, if earlier. In no event will the maximum amount payable on account of the death of any employee exceed a month, or in total. Payments shall be made to the eligible survivor or in equal shares to the eligible survivors in the first of the classes of survivors set forth in subsection herein, in which there is an eligible survivor or survivors. CLASSES OF ELIGIBLE SURVIVORS Class A A person who has been the spouse (as defined in Section 1 (a) of this Plan) of a deceased employee for at least one year immediately prior to the employee’s death.

Related to Transition Survivor Income Benefit

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Basic Benefit Effective January 1, 2008, the basic life insurance benefit will be increased from $15,000 to $18,000 for employees. This shall be the default level of life insurance coverage, which shall be provided at no cost to the employee.

  • Survivor’s Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Dental Benefit (1) A confirmed staff shall be eligible for reimbursement of expenses incurred for restorative and preventive dental treatment up to $150 per calendar year.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

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