Benefit Limitation definition

Benefit Limitation means the maximum annual benefit payable to a Participant under the Pension Plan or the Cash Balance Plan in accordance with Section 415 of the Code.
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Benefit Limitation means the annual (a) Code Section 401(a)(17) limitations on a Participant’s compensation that may be taken into account for purposes of Company contributions and (b) Code Section 415 maximum benefit limitations.
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Benefit Limitation means the limitation imposed on amounts payable to certain participants by a retirement plan imposed by Section 415 of the Code.
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Examples of Benefit Limitation in a sentence

  • Dental ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.

  • Medical Supplies, Durable Medical Equipment, and AppliancesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.The supplies, equipment and appliances described below are Covered Services under this benefit.

  • Physician Home Visits and Office ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Covered Services include care provided by a Physician in their office or your home.

  • Screenings for gestational diabetes are covered under “Preventive Care.” Diagnostic ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Diagnostic services are tests or procedures generally performed when you have specific symptoms, to detect or monitor your condition.

  • Benefit Limitation for OverpaymentInsured benefits: If benefits are paid that were not payable under the policy, you are responsible for repayment within six months after Canada Life sends you a notice of the overpayment, or within a longer period if agreed to in writing by Canada Life.

  • Autism ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Benefits are available for the treatment of Autism Spectrum Disorders.

  • Screenings for gestational diabetes are covered under “Preventive Care.” Diagnostic ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Diagnostic services are tests or procedures performed when you have specific symptoms, to detect or monitor your condition.

  • Outpatient ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Outpatient Services include both facility, ancillary, facility use, and professional charges when given as an Outpatient at a Hospital, Alternative Care Facility, Retail Health Clinic, or other Provider as determined by the Plan.

  • Physician Home Visits and Office ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.

  • Screenings for gestational diabetes are covered under "Preventive Care." Diagnostic ServicesSee the Schedule of Benefits for any applicable Deductible, Coinsurance, Copayment, and Benefit Limitation information.Diagnostic services are tests or procedures generally performed when you have specific symptoms, to detect or monitor your condition.


More Definitions of Benefit Limitation

Benefit Limitation means the limitation on annual benefits contained in Section 415 of the Code and set out in Section 4.8 of the Retirement Plan.
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Related to Benefit Limitation

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Unfunded Benefit Liabilities means, with respect to any ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

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

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Basic health benefit plan means any plan offered to an individual, a small group,

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

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.