Benefits Determiner definition

Benefits Determiner means a third party administrator or agent designated by the Committee.
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Benefits Determiner means a third party administrator or agent designated by the Committee. The Benefits Determiner shall calculate the Actuarial Equivalency of the Accrued Benefit payable to a Director or Beneficiary pursuant to Section III of the Plan, unless such amount is set forth in the Director’s Joinder Agreement.
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Benefits Determiner means financial Institutions Consulting Corporation, or its successor or assign.
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Examples of Benefits Determiner in a sentence

  • In determining such value, the Trustee shall use such generally accepted methods and basis as the Trustee, in its discretion, shall deem advisable; provided, however, that the Trustee shall be entitled to request, receive and rely conclusively on the value of any insurance policy as set forth in documents or schedules provided to the Trustee by the issuer or Benefits Determiner.

  • At the request of the Benefits Determiner, the Bank (or, if the Bank fails to do so within ten (10) days after the receipt of a written request from the Trustee, the Grantor or Beneficiary) shall provide the Benefits Determiner with sufficient information to determine the Benefits payable to Grantor and Beneficiary under the Agreement.

  • In valuing any policy or contract issued by an insurance company, the Trustee may rely conclusively on any value placed thereon by the issuer thereof or the Benefits Determiner.

  • Trustee shall be entitled to rely conclusively on the written instructions of Bank, or in the event of a Change in Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • Except for its gross negligence in selecting a successor benefits determiner, the Trustee shall not be liable for any action or failure to act of the Benefits Determiner, for following any direction or instruction of the Benefits Determiner, or for the proper application of any part of the Trust if distributions are made in accordance with information provided to it by, or the directions of, the Benefits Determiner.

  • Such annuity amount shall be determined by the Benefits Determiner.

  • The Disability Benefit shall equal the Actuarial Equivalent of the Director’s Accrued Benefit, which shall be calculated by the Benefits Determiner.

  • The Trustee shall be entitled to rely conclusively on the written instructions of the Bank, or in the event of a Change of Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • The Trustee shall, in accordance with the written instructions of the Bank, or in the event of a Change in Control of the Bank, the written instructions of the Benefits Determiner (both of which are defined in Section XIII ), withhold and report any federal, state or local taxes that may be required to be withheld and, reported with respect to the payment of benefits pursuant to the terms of the Benefit Plan and shall pay amounts withheld to the appropriate taxing authorities.

  • The intent of this project is to review alternate solutions and identify a solution for the provision of two cost effective, long-term (100 year), reliable and safe raw water supplies to the DeCew Falls Water Treatment Plant.


More Definitions of Benefits Determiner

Benefits Determiner means Financial Institutions Consulting Corporation, or its successors or assigns.
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Related to Benefits Determiner

  • Administrative merits determination means certain notices or findings of labor law violations issued by an enforcement agency following an investigation. An administrative merits determination may be final or be subject to appeal or further review. To determine whether a particular notice or finding is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Expert Determination has the meaning set out in Article 19.2.1.

  • Adverse Benefit Determination means any of the following:

  • Standard of Conduct Determination shall have the meaning ascribed to it in Section 9(b) below.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Employment benefits means all benefits provided or made

  • Retirement board or "board" means the retirement system's governing board provided for in 2-15-1010.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Compensation Committee means the Compensation Committee of the Board.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Administrator/Benchmark Event Determination Date means, in relation to any Index, the date on which the Calculation Agent determines that an Administrator/Benchmark Event has occurred;

  • Supervisory Board means the Supervisory Board of the Company.

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Event Determination Date means either:

  • Remuneration Committee means the remuneration committee appointed by the Board;

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • Negative Discretion means the discretion authorized by the Plan to be applied by the Committee to eliminate or reduce the size of a Performance Compensation Award consistent with Section 162(m) of the Code.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Resource Adequacy Benefits means the rights and privileges attached to the Facility that satisfy any entity’s resource adequacy obligations, as those obligations are set forth in any Resource Adequacy Rulings and shall include any local, zonal or otherwise locational attributes associated with the Facility.

  • Change in Control Price means the highest price per share of Stock offered in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change in Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Stock on any of the 30 trading days immediately preceding the date on which a Change in Control occurs.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Specific learning disability (SLD) means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia.