Basic Weekly Earnings means the Covered Person's weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.
Basic Weekly Earnings means the Covered Person's weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay, shift differential pay, stock options and stock bonuses,
Basic Weekly Earnings means your weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, overtime pay, fringe benefit or extra compensation other than on target commissions. On target Commissions will be averaged over the lesser of (a) the 12 month period prior to the date Disability begins; or (b) the period of employment.
Examples of Basic Weekly Earnings in a sentence
The work incentive benefit will be an amount equal to the Employee's Basic Weekly Earnings multiplied by the benefit percentage shown in the Plan Specifications, without any reductions from earnings.
The work incentive benefit will only be reduced, if the Weekly Benefit payable plus any earnings exceed 100% of the Employee's Basic Weekly Earnings.
To be eligible to receive Partial Disability benefits, the Employee may be employed in his Own Occupation or another occupation, must satisfy the Elimination Period, and must be earning between 20.00% and 80.00% of his Basic Weekly Earnings.
If the combined total is more, the Weekly Benefit will be reduced by the excess amount so that the Weekly Benefit plus the Employee's earnings does not exceed 100% of his Basic Weekly Earnings.
More Definitions of Basic Weekly Earnings
Basic Weekly Earnings means the Employee's weekly rate of earnings from the Company in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.
Basic Weekly Earnings means your weekly rate of earnings from the Company in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.
Basic Weekly Earnings means the employee’s biweekly rate of earnings from the company in effect immediately prior to the date disability or partial disability begins. However, such earnings will not include bonuses, commissions, overtime pay, and extra compensation. Benefits are issued according to the Employee’s normal, biweekly pay cycle.
Basic Weekly Earnings means the Covered Person's weekly rate of earnings based on their Target Total Compensation (annual base salary plus target commissions set for that year) from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, overtime pay, extra compensation, other than commissions.
Basic Weekly Earnings means the Covered Person's weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will
Basic Weekly Earnings means the Covered Person's weekly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay, income received from sources other than the Sponsor and extra compensation.
Basic Weekly Earnings means the Employees budgeted weekly rate of earnings as reported by the Company in effect immediately prior to the date Disability or Partial Disability begins. Earnings includes deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 Plan, Health Savings Account, or Flexible Spending Account. If the Employee is paid on an hourly basis, Basic Weekly Earnings will be based on the Employees hourly rate of pay, but will not exceed 40 hours per week.