Benefit costs definition

Benefit costs means the net money payments made to individuals who were employed by employers subject to contributions, excluding extended benefit costs, as provided in this chapter with respect to unemployment.
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Benefit costs means the net money payments made to individuals who were
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Benefit costs means the cost of providing Covered Services to Plan Participants and includes amounts paid to Participating Pharmacies and other providers. Benefit Costs do not include Cost Share amounts paid by Plan Participants. Benefit Costs do not include Service Fees. The Benefit Cost includes any Dispensing Fee paid to a Participating Pharmacy or other provider for dispensing covered medications to Plan Participants.
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Examples of Benefit costs in a sentence

  • Benefit costs consist of payments made and liabilities incurred for covered health care services on behalf of FEHBP subscribers less any refunds, rebates, allowances or other credits received.

  • The Contractor's Specific Plan should set forth the projected number of affected employees (breakout by estimated union represented and non-union represented positions by COCS), the criteria it will use to select employees for termination, and the projected cost of the separation benefits, including severance and Displaced Worker Medical Benefit costs.

  • Benefit costs consist of pay- ments made and liabilities incurred for cov- ered health care services on behalf of FEHBP subscribers less any refunds, rebates, allow- ances or other credits received.

  • Benefit costs of this activity are charged to the State Disability Benefits Fund.

  • Benefit costs may be paid by the employee if so desired, provided the carrier permits coverage.

  • Benefit costs for Local Government paid to direct hired staff are applicable as a cost of Wages within this budget line item.

  • Benefit costs exceeding the amount allocated under Section 1 can include up to $1,666.66 per month salary reduction or a maximum of $20,000 per year.

  • The costs of Centralized Services shall consist of the actual cost of the services without mxxx-up or profit to Management Company or any Affiliates, but shall include: (a) Employee Benefit costs; (b) cost of equipment used in performing Centralized Services; and (c) overhead costs, reasonably allocated thereto of any office providing Centralized Services.

  • Benefit costs and accrued benefits are determined based upon actuarial valuations using the projected benefit method prorated on service and management’s best estimates.

  • Benefit costs for an eligible employee, beyond the amount authorized by the Employer, shall be the responsibility of the employee and paid through authorized payroll deduction.


More Definitions of Benefit costs

Benefit costs. Section 2.11 "CCC" Section 2.2 "CCC Common Stock" Section 2.3(b) "CCC SEC Reports" Section 2.7(a) "CCC Series C Preferred Stock" Section 2.3(b) "CCC Series D Preferred Stock" Section 2.3(b) "CCC Series E Preferred Stock" Section 2.3(b) "Certificate" Section 1.7(b) "Certificate of Merger" Section 1.2 "Code" Section 1.7(d) "Common Stock Merger Price" Section 1.11(a) "Company" Preamble "Company Common Stock" Recitals "Company Deposit" Section 1.7(a) "Company Disclosure Schedule" Section 2.3(a) "Company Intangible Property Rights" Section 2.18(a) "Company Permits" Section 2.6(b) "Company Plans" Section 2.11 "Company SEC Reports" Section 2.7(a) "Company Series A Preferred Stock" Recitals "Company Series B Preferred Stock" Section 2.3(a) "Company Stock" Recitals "Company Stockholders Meeting" Section 2.13 "Deferral Plans" Section 4.3 "DGCL" Recitals "Dissenting Shares" Section 1.7(e) "Effective Time" Section 1.2 "Environmental Laws" Section 2.17 "ERISA" Section 2.11 "Exchange Act" Section 2.5(a) "Exchange Agent" Section 1.7(a) "Exchange Fund" Section 1.7(a) "Excluded Assets" Recitals "Excluded Liabilities" Recitals "FTC" Section 5.1 "HSR Act" Section 2.5(d) "Incentive Plan" Section 4.3 "IRS" Section 2.11 "Laws" Section 2.5(c) "Liens" Section 2.3(a) "Material Adverse Effect" Section 1.13 "Merger" Recitals "MergerCo" Preamble "Merger Price" Section 1.11(a) "NWA Preferred" Section 2.7(c) "Options" Section 2.7(c) "Parent" Preamble "PBGC" Section 2.11 "Proxy Statement" Section 2.13 "Purchasing LLC" Recitals "SEC" Section 2.7(a) "Securities Act" Section 2.3(a) "September 30, 1997 Balance Sheet" Section 2.9 "September 30 Cash Amount" Section 2.7(c) "Series A Merger Price" Section 1.7(b) "Share" Recitals "Statement of Assets" Section 1.11(b) "Stockholders Agreement" Section 4.1(a) "Surviving Corporation" Section 1.1(a) "Tax" or "Taxes" Section 2.16(a) "Tax Returns" Section 2.16(a) "Third Party" Section 7.1(e)
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Benefit costs means, with respect to each person described in this Section 6.01(b), the actual cost to Seller of benefits, including prescription drugs, provided to such person and their covered dependents under the Retiree Medical Plans for claims incurred under the Retiree Medical Plans.
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Benefit costs has the meaning set forth in Section 6.01(b).
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Related to Benefit costs

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Final compensation of a member means:

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Recoverable Compensation means all Incentive-Based Compensation (calculated on a pre-tax basis) Received after October 2, 2023 by a Covered Person: (i) after beginning service as an Executive Officer; (ii) who served as an Executive Officer at any time during the performance period for that Incentive-Based Compensation; (iii) while the Company had a class of securities listed on an Exchange; and (iv) during the Applicable Period, that exceeded the amount of Incentive-Based Compensation that otherwise would have been Received had the amount been determined based on the Financial Reporting Measures, as reflected in the Restatement. With respect to Incentive-Based Compensation based on stock price or TSR, when the amount of erroneously awarded compensation is not subject to mathematical recalculation directly from the information in an accounting restatement: (i) the amount must be based on a reasonable estimate of the effect of the Restatement on the stock price or TSR upon which the Incentive-Based Compensation Received by the Covered Person originally was based; and (ii) the Company must maintain documentation of the determination of the reasonable estimate and provide such documentation to the Exchange.

  • 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.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Other Benefit Obligations means all obligations, arrangements, or customary practices, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans. Other Benefit Obligations include consulting agreements under which the compensation paid does not depend upon the amount of service rendered, sabbatical policies, severance payment policies, and fringe benefits within the meaning of IRC Section 132.

  • Earnable compensation means the full rate of the

  • Qualifying expenses means the actual costs a relocating employee incurs for relocation expenses, which may include moving costs, closing costs for a primary residence, rental security deposit, one month’s rent payment, and other relocation expenses established in Agency guidelines.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, com- pensation that is consistent with the normal compensation for such officer or employee for work that is not fur- nished to, not funded by, or not fur- nished in cooperation with the Federal Government.

  • Annual payroll means the total amount of wages subject to contributions during a twelve-month period ending with the last day of the second calendar quarter of any calendar year.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Additional Compensation has the meaning set out in Section 13.3(1).