Examples of Benefit Specification in a sentence
The Parties also agree that NDPERS’ Program choices will be memorialized in NDPERS’ Benefit Specification Form and/or Benefit Change Forms.
If the person so nominated by the Member/Participant does not survive the Member/Participant then on the death of the Member/Participant the Benefit referable to the Pension shall be paid in accordance with the Benefit Specification except that if the Benefit Specification does not provide for that then the applicable Rules, as they apply on the death of a Member shall be applied.
An Applicant must lodge or cause to be lodged with the Trustee either at its registered office or at such other place or places as the Trustee may from time to time determine, the completed and signed Application including the Benefit Specification (if any).
PBM shall be obligated to implement each Program as specified by NDPERS’ standard written requirements as set forth in NDPERS’ Benefit Specification Form or Benefit Change Form.
PBM shall rely on the terms and provisions provided by NDPERS in the written and executed Benefit Specification Form and written and executed Benefit Change Forms.
Benefit Specification means in relation to a Division IV Participating Employer the details prescribed in relation to:(a) the basis of funding for and payment of any Benefit to be provided in respect of an Employer’s participation in a Division; and (b) the extent to which Members can make an Investment Direction in lieu of the Participating Employer.
The most recent executed Benefit Specification Form or Benefit Change Form shall supersede any prior dated executed form to the extent the content of any prior form has been altered.
Section 2.3 of the Bid Solicitation defines "Plan Design(s)" as "[t]he Formulary, Copayments or Coinsurance, Deductibles, Programs and Program protocols, Quantity Limits, Claims processing variables and other matters identified in a separate Benefit Specification Form for each Plan, and where applicable, for separate groups within each Plan."In the event of such a change, the parties shall meet to discuss the change and discuss the needed Change Orders {Contract Amendments} to the Blanket P.O. {Contract}.
In the event that the Benefit Specification of a Division IV Participating Employer prescribes that all or part of the Benefits payable are to be calculated as Defined Benefits, the provisions of this rule 28 will apply.
The Benefit Specification may be created as a schedule or attachment or annexure to any Part.