Benefits Payable definition
Benefits Payable means the usual, customary and reasonable charges
Benefits Payable means amounts actually paid or payable for Covered Services.
Benefits Payable. NON-CHANGE OF CONTROL (Continued) BENEFIT: Vested Benefits Vested Benefits Welfare Enhancement Benefits Continuation ======================== ============================== ======================== ================= FORM OF Determined Under the Lump Sum Determined PAYMENT: Applicable Plan Under the Applicable Plan Termination For Determined Under the Not Payable Not Cause Applicable Plan Available Termination Determined Under the Payable Available Without Cause Applicable Plan Voluntary Determined Under the Not Payable Not Termination Applicable Plan Available Termination Due Determined Under the Not Payable Available to Retirement Applicable Plan Termination Due Determined Under the Not Payable Available to Disability Applicable Plan Termination Due Determined Under the Not Payable Not to Death Applicable Plan Available
More Definitions of Benefits Payable
Benefits Payable means the medical expense reimbursement benefit level available for the Participant determined by the Participant’s account available to pay benefits hereunder, if any. A-9 The Representative of the Plan for Signatory Company will be , with authority and responsibility to submit Participant information to the Plan Administrator for payment of benefits from the Plan.
Benefits Payable means the usual, customary and reasonable charges for treatment deemed necessary under generally accepted medical standards, except that in the case of a managed care plan, as defined in section 38a478, "benefits payable" means the payments agreed upon in the contract between a managed care organization, as defined in section 38a478, and a provider, as defined in section 38a478; (3) "acute treatment services" means twentyfourhour medically supervised treatment for a substance use disorder, that is provided in a medically managed or medically monitored inpatient facility; and (4) "clinical stabilization services" means twentyfourhour clinically managed postdetoxification treatment, including, but not limited to, relapse prevention, family outreach, aftercare planning and addiction education and counseling.
Benefits Payable. NON-CHANGE OF CONTROL (Continued)
Benefits Payable in the Event of Change of Control - In the event of such Change of Control, the eligible Participant shall be entitled to receive an immediate cash payment equal to the actuarial value of monthly benefits otherwise payable from this Plan computed under the assumption that the Participant's employment terminated as of the date of Change of Control. The amount of such cash payment shall be determined in accordance with the following provisions:
(a) The monthly benefit to which the Participant would have been entitled at his normal retirement date and at each early retirement date will be computed in accordance with the terms of the Retirement Plan, where such amount shall be computed without regard to limitations under Sections 401(a)(17) and/or 415 of the Code and assuming any Restricted Stock Rights awarded to such Participant which was not otherwise vested became vested on the date of the Change of Control. For this purpose, each Participant will be deemed to have met the applicable requirements to be eligible for the maximum early retirement benefit that could be payable under the terms of the Retirement Plan.
(b) The amount of benefit payable under the Retirement Plan will be computed at each applicable early and normal retirement age.
(c) After subtracting the amount in (b) above from the amount determined in (a) above at each applicable early or normal retirement age, a lump sum cash payment amount shall be determined in the same manner as lump sum distributions are determined under the Retirement Plan. The result which produces the largest lump sum amount shall be the cash amount payable under this Plan.