Benefit Percentage definition

Benefit Percentage means that portion of Eligible Expenses payable by the Plan, which is stated as a percentage in the Schedule of Benefits.

Benefit Percentage means that percentage of Covered Expenses in excess of the Deductible amount, which the Plan pays. It is the basis used to determine any Out-of-Pocket Expenses in excess of the annual Deductible which are to be paid by the Employee.

Benefit Percentage means the percentage provided in the applicable Participation Agreement for purposes of calculating the SERP Benefit.

Examples of Benefit Percentage in a sentence

• Upon the death of an Annuitant, the number of Annuity Units (for Variable Income Options) and/or the dollar amount (for Fixed Income Options) of each payment will be adjusted by the Survivor Benefit Percentage.

• The Survivor Benefit Percentage is the percentage of Annuity Units or dollars of each payment paid during the survivor's life, which may be less than or equal to that paid when both individuals are living.

• The Minimum Death Benefit is required to ensure the policy continues to qualify as life insurance under the Internal Revenue Code, and is equal to the Policy Value times the applicable Minimum Death Benefit Percentage.

• The Offset Percentage for any Participant shall not exceed one-half of the Gross Benefit Percentage, multiplied by a fraction (not to exceed one), the numerator of which is the Participant's Average Compensation, and the denominator of which is the Participant's Final Average Compensation up to the offset level.

• The Rider Effective Date, the Accelerated Benefit Pool and the Accelerated Benefit Percentage are shown in the Policy Specifications.

More Definitions of Benefit Percentage

Benefit Percentage means 60%.

Benefit Percentage means the sum of (i) eighty-five percent (85%) plus (ii) the Deemed State Percentage.

Benefit Percentage means ___percent.

Benefit Percentage means, with respect to each Participant, the percentage determined in accordance with such Participant’s Applicable Appendix.

Benefit Percentage means 70%.

Benefit Percentage means 72%.

Benefit Percentage means 65%.