Contract Benefit definition

Contract Benefit means the range of benefits available under the Contract, including the Surrender Value and the Death Benefit.
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Examples of Contract Benefit in a sentence

  • The dental plan will pay or otherwise discharge the Contract Benefit Level shown in the previous Section for Essential Health Benefits when provided by a Dental Provider and when necessary and customary under generally accepted dental practice standards and for medically necessary Orthodontic Services.

  • Contract Benefit Level is the percentage of the Maximum Contract Allowance paid under the dental plan.

  • This daily charge, on an annual basis, will not exceed the rate shown on the Contract Benefit Data page(s) for the options selected by the Owner and in effect.

  • PERSISTENCY CREDIT If applicable, any Persistency Credit provision in the Contract is replaced by the Persistency Credit shown on the Contract Benefit Data page(s).

  • During the Access Period, Contingent Deferred Sales Charge/Surrender Charge, if any, as specified in the Surrender Option section and, if applicable the Contingent Deferred Sales Charge section of the Contract will be waived as shown on the Contract Benefit Data page(s).

  • For the Member - Is the same as for the Contract except if the Member’s Effective Date is after the Effective Date of the Contract, the Benefit Period begins on the Member’s Effective Date and ends on the same date the Contract Benefit Period ends.

  • The disallowance of a deduction under Section 162(m) of the Code for employee remuneration will not apply to any amount paid or payable by any of the Acquired Corporations under any Acquired Corporation Contract, Benefit Plan, program, arrangement or understanding currently in effect.

  • The second opinion visit is subject to the applica- ble Copayment, Coinsurance, Calendar Year De- ductible and all Plan Contract Benefit limitations and exclusions.

  • The Board will provide a Qualified or Non- qualified Refund only after deducting Contract Benefit payments the Trust Fund made on behalf of the Beneficiary.

  • During the term of this Agreement, upon commencement of employment to a CWA represented position, new employees shall be scheduled to attend a Statewide Contract Benefit Orientation (CBO) session that will be conducted jointly at least monthly by CWA and the Division of Pensions and Benefits (DPB).

Related to Contract Benefit

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

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

  • 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.

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

  • 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.

  • SERP Benefit means the benefit described in Section 5.1.

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

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

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

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

  • Annuity Benefit means a benefit payable by us as described in Part VII.

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

  • Accrued Benefit have the meanings specified in ERISA.

  • 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).

  • 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.

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

  • 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.

  • Disability Benefit means the benefit set forth in Article 8.

  • Actuarial equivalent means a benefit of equal value when

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • 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.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

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