Bridge Benefit definition

Bridge Benefit means a monthly payment payable pursuant to subsection 54(2);
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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.
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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.
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Examples of Bridge Benefit in a sentence

  • Each time COLA is granted to Base Benefits as described above, COLA shall be applied to increase the Bridge Benefit Amount.

  • 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.

  • Example: Bridge Benefit Calculation Assuming a total of 120 months (10 Years) of Pensionable Service prior to June 30, 1996.

  • Provide for an increase in the supplemental pension benefit ("Bridge Benefit" under the terms of the UNIFOR-ERP) under the UNIFOR-ERP such that the Bridge Benefit will be as follows: For an employee who retires on or after June 26, 2010 the Bridge Benefit is $30.50 per month for each year of UNIFOR Credited Service.

  • In addition Letter of Agreement No. 2, Bridge Benefit, shall continue to be available to members of this plan.

  • This scenario will be analyzed, and a determination made if improvements funded through the TUMF or other approved funding mechanism (DIF, Road and Bridge Benefit District, etc.) can accommodate the cumulative traffic at the target Level of Service (LOS) identified in the General Plan.

  • Confirming the thoughts and aspirations of the editors, Russell insists upon the need that philosophy of religion consider its relation to its ‘political, social and cultural dimensions’: this phrase (and its variations) is repeated throughout the paper.

  • Within the TA, the Engineer will need to evaluate and determine if the improvements are eligible facilities in the WRCOG/CVAG TUMF or other approved funding mechanism (DIF, Road and Bridge Benefit District, etc.).

  • Since this does not address the skew of social security benefits for the low paid, it is rarely referred to as integration Bridge Benefit - Those paid by the retirement plan between actual retirement and social security eligibility, can be viewed as another way of integrating with the social security program, though it is limited to early retirees.

  • 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.


More Definitions of Bridge Benefit

Bridge Benefit means the Jazz Pharmaceuticals’ or Authorized Generic Partner 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 their insurance circumstances, as set forth in any applicable Work Order (as defined below in Section 2.1) and the related Business Rules.
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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.
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Bridge Benefit means, in respect of a DB Member, a temporary periodic benefit, as assigned under Section 3.1.
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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
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Bridge Benefit means a monthly payment payable pursuant to subsection 54(2), and, if applicable, subsection 54(8);
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Bridge Benefit means a temporary pension
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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).

  • Service benefit means the credit toward retirement benefits as determined by the

  • 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.

  • 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 an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • 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.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial 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 Participant 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 an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of 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).

  • 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.