Common Carrier Benefit definition

Common Carrier Benefit means the benefit amount payable if the Covered Person sustains Bodily Injury as a result of an Accident which occurs while riding solely as a passenger in, or boarding or alighting from or being struck by a Common Carrier Conveyance whilst on a Business Trip or Personal Trip.
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Examples of Common Carrier Benefit in a sentence

  • BENEFIT AMOUNT The Common Carrier Benefit is shown in the SCHEDULE OF BENEFITS.

  • However, Croatia has also been impacted by the effects of the global financial crisis since the second half of 2008 as a result of which economic activity substantially slowed down.

  • Common Carrier Benefit We will pay an additional benefit, the Common Carrier Benefit, equal to Your Principal Sum paid under the Accidental Death & Dismemberment Benefit but not to exceed $150,000, if a Principal Sum under the Accidental Death & Dismemberment benefit for loss of Your life is payable as the result of an Accident which occurs while You are a fare-paying passenger on a public conveyance that:1.

  • Double Indemnity while On a Common Carrier Benefit: When is the Double Indemnity while On a Common Carrier Benefit payable?If the Injury occurs while You are On a Common Carrier, We will double the Principal Sum payable.

  • Accidental Death Common Carrier Benefit: We will increase the Maximum Benefit Amount payable under the Accidental Death and Dismemberment Benefit if:1.

  • For All Active Full-Time Employees Additional Benefits: Air Bag Benefit… Yes Seat Belt Benefit… Yes Child Care Benefit Yes Common Carrier Benefit Yes, an amount equal tothe Basic AD&D Full Amount Schedule of Covered Losses for Accidental Death and Dismemberment Insurance All amounts listed are stated as percentages of the Full Amount.

  • Each party irrevocably and unconditionally submits to the exclusive jurisdiction of those courts and agrees to bring any such action, litigation, or proceeding only in those courts.

  • Common Carrier Benefit: If an insured person dies as a direct result of an injury involving a collision, crash or sinking of a common carrier while riding as a fare-paying passenger, we will pay a benefit in the amount shown on the Benefit Schedule.

  • We will not pay the Accidental Death Benefit and the Accidental Death Common Carrier Benefit for the same Covered Person.Any Accidental Death Common Carrier Benefit that is payable due to the Insured's death will be paid to the beneficiary named in Your enrollment form or later changed by You.

  • Repatriation of Mortal Remains Expenses ReimbursementLimits are as mentioned in your policy ScheduleIn case of Accidental Death in a Common Carrier, Benefit I (Loss of Life/Death due to an Accident) will be double.

Related to Common Carrier Benefit

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

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

  • 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.

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • 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.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • 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.

  • Other Benefits as utilized in this Section 6(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by the Company and the Affiliated Companies to disabled executives and/or their families in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive's family, as in effect at any time thereafter generally with respect to other peer executives of the Company and the Affiliated Companies and their families.

  • 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).

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

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

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

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

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

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

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

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • 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.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's Projected Annual Benefit under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Code ss.ss.415(b) and (d) or 140 percent of the Participant's Highest Average Compensation, including any adjustments under Code ss.415(b). Notwithstanding the above, if the Participant was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more Defined Benefit Plans maintained by the Employer which were in existence on May 6, 1986, the denominator of this fraction shall not be less than 125 percent of the sum of the annual benefits under such plans which the Participant had accrued as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plans after May 5, 1986. The preceding sentence applies only if the Defined Benefit Plans individually and in the aggregate satisfied the requirements of Code ss.415 for all Limitation Years beginning before January 1, 1987.

  • relevant benefit means any benefit specified in paragraph 21(2); and

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

  • Change in Control Benefit means the benefit described in Section 2.4.