Benefit Responsive Contract definition

Benefit Responsive Contract means a contract that guarantees certain Plan Benefit Responsive Withdrawals and transfers at Contract Value, subject to applicable contract provisions (like Plan Sponsor Initiated Events), for specific qualifying Plan benefit payments such as retirement, separation from service, disability, death, hardship or loans (if the Plan permits).
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Benefit Responsive Contract means a contract that guarantees Plan participant-initiated withdrawals and transfers at contract or Contract Value, subject to applicable contract provisions, for specific benefit payments such as retirement, separation from service, disability, death, hardship or loans (if the Plan permits).
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Examples of Benefit Responsive Contract in a sentence

  • Retention of Manager for the Benefit Responsive Contract Services.

  • With respect to Benefit Responsive Providers, the Fund will not be subject to the credit quality standards described above; however, the Fund will not enter into a Benefit Responsive Contract with any Benefit Responsive Provider unless, at that time, such Benefit Responsive Provider is rated in one or more of the four highest rating categories (including the subcategories within such rating categories) by at least two NRSROs, at least one of which must be S&P or Moody’s.

  • With respect to Benefit Responsive Providers, the Fund will not be subject to the credit quality standards described above; however the Fund will not enter into a Benefit Responsive Contract with any Benefit Responsive Provider unless, at that time, such Benefit Responsive Provider is rated at least A3/A- by at least one NRSRO.

Related to Benefit Responsive Contract

  • Non-responsive means failure to furnish complete information in a given format and manner required as per the tender documents or non-submission of tender offer in given Forms / Pro forma or not following procedure mentioned in this tender or any of required details or documents is missing or not clear or not submitted in the prescribed format or non submission of tender fee on EMD.

  • Potential Enrollee means a Medical Assistance Recipient who may voluntarily elect to enroll in a given managed care program, but is not yet an Enrollee of an MCO.

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

  • Access Compensation is the compensation paid by one Party to the other Party for the origination/termination of intraLATA toll calls to/from its End User. Access compensation is in accordance with the LEC’s tariffed access rates.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Business Continuity and Disaster Recovery Plan means the Schedule containing plans and provisions for business continuity and disaster recovery.

  • Criteria pollutant means a pollut- ant for which the Administrator has promulgated a national ambient air quality standard pursuant to 42 U.S.C. 7409 (i.e., ozone, lead, sulfur dioxide, particulate matter, carbon monoxide, nitrogen dioxide).

  • Business Continuity Plan means any plan prepared pursuant to clause H5.6, as may be amended from time to time.

  • Emergency Response Plan means the plan constituting the set of procedures developed by the Owner for dealing with an Incident which may impact on the Network or Connecting Infrastructure, including all actions to be taken to minimise or alleviate any threat or danger to any person or property:

  • Imminent safety hazard means an imminent and unreasonable risk of death or severe personal injury.

  • Prospective contractor means a person who is subject to the competitive sealed proposal process set forth in the Procurement Code or is not required to submit a competitive sealed proposal because that person qualifies for a sole source or a small purchase contract.

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • Adopt a comprehensive land use plan means to enact a new

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Flood-related erosion area management means the operation of an overall program of corrective and preventive measures for reducing flood-related erosion damage, including but not limited to emergency preparedness plans, flood-related erosion control works and floodplain management regulations.

  • Health benefits plan means a benefits plan which pays or

  • Behavior Support Plan means the individualized proactive support strategies used to support positive behavior.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Remediation Plan means a report identifying:

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Emergency Load Response Program means the program by which Curtailment Service Providers may be compensated by PJM for Demand Resources that will reduce load when dispatched by PJM during emergency conditions, and is described in Operating Agreement, Schedule 1, section 8 and the parallel provisions of Tariff, Attachment K-Appendix, section 8.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

  • Enrollee point-of-service cost-sharing or "cost-sharing" means amounts paid to health carriers directly providing services, health care providers, or health care facilities by enrollees and may include copayments, coinsurance, or deductibles.

  • risk management plan ’ means a risk management plan submitted to the Ad- ministrator by an owner or operator of a stationary source under subparagraph (B)(iii).