ANNUAL MAXIMUM BENEFIT definition

ANNUAL MAXIMUM BENEFIT means the total amount this plan will pay for covered dental services per member per plan year.
Sample 1Sample 2Sample 3
ANNUAL MAXIMUM BENEFIT means the total amount that we will pay toward covered dental services per subscriber per benefit year under this agreement.
Sample 1Sample 2Sample 3
ANNUAL MAXIMUM BENEFIT means the maximum amount that the Company will pay for expenses incurred during a given calendar year for Services provided to a Participant by a Provider, as more particularly described in Exhibit 1.
Sample 1

Examples of ANNUAL MAXIMUM BENEFIT in a sentence

  • ANNUAL MAXIMUM BENEFIT FOR ESSENTIAL HEALTH BENEFITS The Plan will not pay more than $2,000,000 in benefits for Essential Health Benefits on behalf of any Eligible Individual during the Plan years that begin on July 1, 2011, July 1, 2012 and July 1, 2013.

  • EFFECTIVE JANUARY 1, 2014, ANNUAL MAXIMUM BENEFIT LIMITS WILL BE ELIMINATED.

Related to ANNUAL MAXIMUM BENEFIT

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average final compensation means the average annual creditable compensation of a member during

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))