Capital Benefit definition

Capital Benefit means the amount stated in Your Schedule as the “Capital Benefit”.
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Examples of Capital Benefit in a sentence

  • However, after further consultation and examination it turnsout that You have total loss of all sight in both eyes.How We settle Your claim• We pay up to 85% of Your Average Weekly Earnings (85% of $1,000 is $850)• You have been out of work for 7 weeks ($850 x 7 = $5,950)• We deduct the 14 days Excess Period ($5,950 - $1,700)• We pay You $4,250We then decide You qualify for the Capital Benefit as You have total loss of sight in both eyes.

  • Trafelet, as the initial Asbestos Personal Injury Trustees, be, and hereby is approved.

  • PRTThe possible scenarios that emerge from the PRT concept are areas where it is very busy and building underground is not a possibility due to historical or geological reasons.

  • If an Insured Person is entitled to 100% of the Capital Benefit (other than for Capital Benefit 1), We will pay up to an additional $15,000 for costs neces- sarily incurred to modify the Insured Person’s home and/or motor vehicle, or relocating to a suitable home provided that the modifications and/or relocation are prescribed by a Medical Professional.

  • Any Capital Benefit payable will be reduced by any insurance or compensation lump sum payments (be it an award by a Court or Tribunal, a settlement or through a statutory scheme) for the same bodily Injury.

  • In the event of the death of an Insured Person resulting in the payment of Capital Benefit 1, We will also pay up to an additional $10,000 for funeral expenses, including costs for burial or cremation and the transportation of an Insured Person’s body or ashes and personal effects back to a place nominated by the Insured Person’s spouse or partner or the legal representative of the Insured Person’s estate.

  • If an Insured Person suffers an Injury and is entitled to a payment of 100% of the Capital Benefit, We will reimburse the Insured Person or the Insured Person’s Spouse or Partner (or the legal representative of the Insured Person’s estate) up to $5,000 for independent professional financial advice provided by a qualified financial planner within six months of the date of the Injury.

  • If an Insured Person suffers an accidental death covered by Capital Benefit 1 and is survived by Dependent Children, We will pay for fees outstanding or due to be paid in the next 12 months for a Dependent Child at any school, TAFE, university or other educational institution.

  • From and after the Effective Time, New BBX Capital shall retain or assume all Liabilities under and perform all obligations under all New BBX Capital Benefit Plans.

  • If We have accepted a claim under Section 2 - Capital Benefit Cover Insured Event 1.

Related to Capital Benefit

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

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

  • 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).

  • SERP Benefit means the benefit described in Section 5.1.

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

  • Accrued Benefit have the meanings specified in ERISA.

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

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

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

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • 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.

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

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

  • 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.

  • Actuarial equivalent means a benefit of equal value when

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

  • 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.

  • 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:

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

  • material benefit means a benefit which may not be financial but has a monetary value;

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

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

  • Societal benefits charge means a charge imposed by an electric

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.