Bridge Benefit definition

Bridge Benefit means a monthly payment payable pursuant to subsection 54(2);
Sample 1Sample 2Sample 3
Bridge Benefit means the Jazz Pharmaceuticals’ sponsored program that provides Product at no cost to eligible patients who are at risk of an interruption in therapy due to a change in the their insurance circumstances.
Sample 1Sample 2Sample 3
Bridge Benefit means the bridge benefit payable to an Employee under this Agreement, commencing as early as age 55 on a reduced basis or at age 60 on an unreduced basis and ending at age 65, as outlined in Section 4.
Sample 1Sample 2Sample 3

Examples of Bridge Benefit in a sentence

  • The amount of the buy-out contribution was actuarially determined and the amount of the buy-out contribution is set forth in a “Retirement Restructuring Buyout of Medicare Bridge Benefit Program Memorandum of Agreement” by and between the School District and the Association.

  • For those eligible teachers retiring at the end of the 2010-2011 school year who complied with all of the qualifying retirements will receive the Bridge Benefits as provided in Part 1 with the exception that the annual Bridge Benefit will be limited to a maximum of Ten Thousand Dollars ($10,000.00) per year.

  • Teachers hired in the Xxxxxx-Xxxxx School District before August 1, 1999, shall receive Social Security Bridge Benefit amounts as outlined in Article VI Section C (1) and C (2) of the prior agreement.

  • Employees having less than 15 years of teaching experience as of July 1, 1998 and hired before the 1999-2000 school year shall be entitled to the Matching Annuity Program set forth in Appendix A and entitled to one-fourth of the annual Social Security Medicare Bridge Benefit of this section which was in effect during the 1997-98 school year.

  • This Medicare Bridge Benefit will be payable on premium years which are from October 1 through September 31.

  • If a teacher becomes eligible for Medicare during a premium year, the Medicare Bridge Benefit will be prorated for that year based upon the length of the period that the retired teacher did not become eligible for Medicare.

  • A "Bridge Benefit" will be created providing sixty-six and two-thirds (66 2/3%) percent of normal earnings from the expiry of remaining sick leave credits until commencement of Long-Term Disability benefits.

  • The Social Security Bridge Benefit is provided to the AFS Transition Participant until age 62 and the option is subject to a COLA Adjustment.

  • The result in some jurisdictions has been “serious debasement of the compelling interest test, severely eroding the strictness of strict scrutiny.” Galloway 476.

  • The amount of the buy-out contribution was actuarially determined and the amount of the buy-out contribution is set forth in a "Retirement Restructuring Buyout of Medicare Bridge Benefit Program Memorandum of Agreement" by and between the School District and the Association.


More Definitions of Bridge Benefit

Bridge Benefit means a monthly payment payable pursuant to subsection 54(2), and, if applicable, subsection 54(8);
Sample 1
Bridge Benefit means the temporary monthly payments payable pursuant to Sections 1 and 3 of Article VI. The amount of Bridge Benefit shall equal $14.50 per month per year of Accredited Service to a maximum of 30 years, for employees retiring on or after December 1, 2003.. The Bridge Benefit will cease with payment due for the month immediately preceding the first day of the month nearest the employees attainment of age 65. No bridge benefit will be payable to the beneficiary of an employee who dies prior to retirement nor will a Bridge Benefit be payable to an employee who breaks Accredited Service prior to voluntary unreduced early retirement. In no event will the Bridge Benefit exceed the maximum CPP benefit in the year of break in Accredited Service multiplied by a fraction equal to the number of years of service at break in Accredited Service to a maximum of 30 divided by 30.
Sample 1
Bridge Benefit means, in respect of a DB Member, a temporary periodic benefit, as assigned under Section 3.1.
Sample 1
Bridge Benefit means a temporary periodic benefit computed pursuant to Section 5.1.2, including any increases determined pursuant to Section 8.2, and payable commencing when payment of the DB Member’s Annuity commences and ceasing with the payment for the month in which
Sample 1
Bridge Benefit means a temporary pension
Sample 1

Related to Bridge Benefit

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • 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).

  • Retirement Benefit means the benefit set forth in Article 5.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • SERP Benefit means the benefit described in Section 5.1.

  • 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;

  • Termination Benefit means the benefit set forth in Article 7.

  • 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.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

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

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • PAGA Pay Period means any Pay Period during which an Aggrieved Employee worked for Defendant for at least one day during the PAGA Period.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf or for your dependents, or which your dependents receive because of your entitlement to Other Income Benefits.