Benefit Options definition

Benefit Options means any of the optional benefit choices selected by Employer as being available to its Employees, as described in the Adoption Agreement, SPD, the Employer’s employee handbook, enrollment materials, or other documents describing which Benefit Options are available under the Plan.
Sample 1Sample 2Sample 3
Benefit Options means those Qualified Benefits available to a Participant under this Plan as set forth in the Adoption Agreement.
Sample 1Sample 2Sample 3
Benefit Options means the various Fund options referred to in Annexure A of these Rules;
Sample 1Sample 2Sample 3

Examples of Benefit Options in a sentence

  • If the employee has any surplus Flexible Benefit Account credits after making all elections required to participate in the health insurance, the employee can use that surplus toward the Flexible Benefit Options listed in the Flexible Benefit Options Exhibit.

  • The Owner may select a Death Benefit Option(s) to be effective as of the Contract Date.

  • Please refer to the Benefit Options Guide for details on the use of PHI.

  • The salary administration program of the Employer shall be revised to allow each Participant to agree to reduce his pay during a Plan Year by an amount determined necessary to purchase the elected Benefit Options.

  • The salary administration program of the Employer shall be revised to allow each Participant to agree to reduce his or her pay during a Plan Year by an amount determined necessary to purchase the elected Benefit Options.

  • Pre-selected Death Benefit Options are effective only after being recorded by the Company.

  • The Benefit Option(s) available under the Plan for which an Eligible Employee may choose pre-tax contributions in lieu of cash compensation may include any or all of the plans or programs listed in Exhibit A which are Welfare Programs under the Welfare Plan which the Employer, in its sole discretion, may make available from time to time.

  • While the Participant’s election to make pre-tax contributions to pay for one or more Benefit Options may be made pursuant to this Plan, the Benefit Options will be provided not by this Plan but instead by the respective benefit plans or programs constituting the Benefit Option.

  • The foregoing provisions of this Article describe the procedures for claiming the entitlements offered under this Plan, that is, salary reduction to enable Participants to pay their cost of Benefit Options with pre-tax income.

  • The Employer shall contribute to the cost of the Benefit Option(s) provided under the Plan to the extent of, and pursuant to, each Participant’s Participation Agreement.


More Definitions of Benefit Options

Benefit Options means any of the optional benefit choices available to a Participant as outlined in Section 4.1.
Sample 1Sample 2
Benefit Options means those Qualified Benefits available to a Participant under this Plan as set forth in the Plan Information Summary.
Sample 1Sample 2
Benefit Options means the Benefit Options listed below from which an eligible Employee may select in lieu of cash compensation as described in Section 4.01 hereof:
Sample 1

Related to Benefit Options

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Option Plans has the meaning set forth in Section 2.6 below.

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Accrued Benefit have the meanings specified in ERISA.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • SERP Benefit means the benefit described in Section 5.1.