BENEFIT - The definition

BENEFIT - The. Owner's Death Benefit" provision on page 12 of the contract is replaced by the following:
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BENEFIT - The. Owner's Death Benefit Before the Annuity Date" provision on page 12 of the contract is replaced by the following: If an Owner dies before the Annuity Date and before the oldest Owner's [90th] birthday, the death benefit will be the greater of:
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Examples of BENEFIT - The in a sentence

  • DEATH BENEFIT -- The amount payable upon death of an Owner or an Annuitant.

  • DEATH BENEFIT -- The amount payable upon the death of an Owner or an Annuitant.

  • DEFINITION OF CERTAIN TERMS (CONTINUED) DEATH BENEFIT - The amount that We will pay upon the death of the Contract Owner or the Annuitant, as applicable.

  • DEATH BENEFIT - The amount that We will pay upon the death of the Contract Owner or the Annuitant.

  • DEATH BENEFIT - The amount of the Death Benefit payable will be the greatest of: 1.

  • DEATH BENEFIT - The amount that We will pay upon the death of the Contract Owner or the Annuitant, as applicable.

  • DEATH BENEFIT - The benefit that is payable upon the death of the Annuitant, unless a Contingent Annuitant has been named.

  • DEATH BENEFIT - The benefit payable upon the death of the Annuitant prior to the Annuitization Date.

  • DEATH BENEFIT - The benefit payable upon the death of the last surviving Annuitant or Contingent Annuitant if applicable.

  • MONTHLY PREMIUM WAIVER BENEFIT - The Monthly Premium Waiver Benefit is the lesser of the Specified Premium or the average actual premiums paid over the last 36 months prior to Total Disability.

Related to BENEFIT - The

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • 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.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

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

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • 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.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • 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;

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

  • Extended benefit period means a period which:

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Health benefits plan means a benefits plan which pays or

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Actuarial valuation means a mathematical determination of

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

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Actuarial equivalent means a benefit of equal value when