Benefit Statement definition

Benefit Statement means a written statement showing in a clear and understandable presentation all payments and benefits and the amounts and methods of calculation thereof owed by Bank to Executive upon Executive’s termination of employment with Bank as prepared by or under the direction of Bank.
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Examples of Benefit Statement in a sentence

  • Annually, the Employer and SAHO shall provide each member of the Plan with an Employee's Benefit Statement.

  • Bank and Executive shall endeavor in good faith to address and resolve as soon as possible any questions, issues or disagreements relating to said Benefit Statement within fifteen (15) days following delivery to Executive of said Benefit Statement.

  • Once a year, the employee will receive an "Annual Benefit Statement" that shows the value of contributions made to the plan to date.

  • The provisions of paragraphs 3, 4, 5 and 6 shall apply equally in respect of the calculation of any Economic Benefit Amount in respect of Rx Spin-out Businesses, mutatis mutandis, as if the Purchaser was the relevant Seller for the purposes of applying those paragraphs to the Rx Spin-out Businesses and shall be responsible for preparing the relevant Economic Benefit Statement and as if GlaxoSmithKline was the Purchaser for the purposes of applying those paragraphs to the Rx Spin-out Businesses.

  • Annually, the Employer shall provide each member of the Disability Income Plan with an Employee Benefit Statement.

  • Where any Delayed Business comprises both a Commercialisation business and a Manufacturing business, the Economic Benefit Statement shall be prepared such that there shall be no double counting of the components of the aggregate Economic Benefit Amount in respect of that Delayed Business.

  • A set of Trustee Accounts & Benefit Statement will be issued after renewal date.

  • The calculation of the Economic Benefit Amount set out in an Economic Benefit Statement shall only be converted into pounds sterling in accordance with this paragraph 3.6 and aggregated after the Economic Benefit Statement has been agreed or determined in accordance with this Part 3.

  • The Parties shall bear the costs in relation to the preparation and certification of any Draft Economic Benefit Statement and in relation to the review of (and any dispute in relation to) any Draft Economic Benefit Statement, including the fees payable to any Economic Benefit Expert, equally (50 per cent.

  • If the Novartis Audit Team does not serve a Dispute Notice under and within the time period set out in paragraph 1.8 (Dispute Notices), the Draft Economic Benefit Statement shall constitute the Economic Benefit Statement in respect of the Brazilian Alcon Business for the relevant Quarterly Accounting Period to which that Economic Benefit Statement relates.

Related to Benefit Statement

  • Benefit Schedule means a schedule of benefits attached to these Terms and Benefits which sets out, among others, the benefit items and maximum benefits covered.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Payment Statement As defined in Section 6.01 hereof.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;