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.
Sample 1Sample 2Sample 3

Examples of Common Carrier Benefit in a sentence

  • 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.

  • If we pay the Coma Benefit then the insured person dies as a result of the same accidental injury, the Accidental Death Benefit payable or the Accidental Death Common Carrier Benefit payable, whichever applies, will be reduced by the amount paid under this Coma Benefit.

  • We will pay a Common Carrier Benefit if you suffer a loss as the result of an accident which occurs while you are riding as a passenger in, or struck by, a common carrier.

  • The Policy is issued on the basis of the declarations made by the Insured in the Application Form.If the Insured Person during the Period of Insurance meets with an Accident, AXA will pay to the Insured/ Insured Person, or in case of his/her death, to thePolicy Schedule of Benefits Limits 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.

  • IV.B) Common Carrier Benefit (Public Transportation Benefit) B.1) Definition: provides a benefit if the insured dies as a result of a covered accident while a fare-paying passenger on a train, plane, bus, boat or other commercial carrier.

  • Accidental Death Common Carrier BenefitAn Accidental Death Common Carrier Benefit is payable if an Insured dies within 90 days of the date of the Covered Accident as a result of Injuries received from that Covered Accident, while a fare paying passenger on a Common Carrier.

  • If we pay this benefit for an Insured, we will not pay the Accidental Death Common Carrier Benefit for the same Insured.

  • The Full Amount The Common Carrier Benefit is separate from any accidental death and dismemberment benefit which may be payable.

  • If a Covered Person sustains an Injury that is covered under the Accidental Death Benefit Coverage, We will pay, in addition to all other benefits payable, a Common Carrier Benefit, provided the Covered Person receives the Injury while a passenger riding in or on, boarding, or getting off a Common Carrier.Such benefit shall be equal to the lesser of $250,000 or 50% of Your Principal Sum.

  • Repatriation of Mortal Remains Expenses Reimbursement Limits are as mentioned in your Policy Schedule In 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

  • Common Carrier means any land, sea, and/or air conveyance operating under a valid license for the transportation of passengers for hire.

  • 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.

  • 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 the benefit described in Section 2.1.

  • 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 have the meanings specified in ERISA.

  • 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.

  • SERP Benefit means the benefit described in Section 5.1.

  • 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 benefits (as defined in Section 23.5.11) under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation determined for the limitation year under Sections 415(b) and (d) of the Code or 140% of the highest average compensation (as defined in Section 23.5.8), including any adjustments under Section 415(b) of the Code. Notwithstanding the above, if the participant was a participant as of the first day of the first

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

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

  • 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.