Contract benefits definition

Contract benefits means the amounts obligated to be paid by the insurance company under an account contract.
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Contract benefits means the following benefits which may become ----------------- payable to Executive in accordance with the applicable provision of ARTICLE FIVE, AS REDUCED DOLLAR FOR DOLLAR for all cash amounts previously paid to Executive pursuant to ARTICLE FOUR of this Contract:
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Contract benefits means all express or implied rights, benefits and interests of the Seller pursuant to the Contracts.
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Examples of Contract benefits in a sentence

  • When This Contract is secondary, it determines its benefits after those of another Contract and may reduce the benefits it pays so that all Contract benefits do not exceed one hundred percent (100%) of the total Allowable Expense.

  • Other Contract benefits as determined first are equal to benefits under This Contract.

  • The applicable Owner must submit written notification to MEFA at least thirty (30) days prior to the projected commencement date for utilization of the Contract benefits by a Qualifying Beneficiary.

  • The Purchaser has submitted a written request and all applicable Administrative Fees to the State Treasurer for transfer of the MPACT Contract benefits.

  • Customer may contact the Seller or Us to cancel the Vehicle Service Contract benefits and automatic electronic Contract Renewal Payment.

  • If the Group Contract is terminated for non-payment of subscription charges, or if the Group terminates the Contract for any reason, or if the Contract is terminated by us (with 60 days written notice), then in such event the coverage of a totally disabled Subscriber will be as follows: Contract benefits for the care and treatment of the specific illness, disease or condition that caused the total disability will be extended up to 12 months from the date of termination of the Group Contract.

  • All outstanding fees must be paid prior to the use of Contract benefits.

  • You will receive Contract benefits for only emergency care and/or treatment received outside the United States.

  • Los miembros del comité de evaluación leen estas propuestas rápidamente.

  • Unused Contract benefits may be applied toward comparable graduate-level tuition, mandatory fees, and housing fees based on the type of Plan with remaining benefits.


More Definitions of Contract benefits

Contract benefits means the sum of (i) all payments to or for the benefit of Key Executive under this Agreement, (ii) all payments to or for the benefit of Key Executive under the Severance Agreement, and (iii) all other payments to or for the benefit of Key Executive under any other agreement to which Key Executive and the Company are parties, to the extent that such other payments would constitute parachute payments under Section 280G of the Internal Revenue Code and the regulations thereunder. (c) The Base Amount shall be determined under Section 280G of the Internal Revenue Code and the regulations thereunder. In the event the present value of all Contract Benefits exceeds 2.99 times the Base Amount, the aggregate amounts payable under this Agreement and under the Severance Agreement shall be reduced by the amount of such excess.
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Contract benefits means all express or implied interest of OT in the Specified Contracts. "Corporations Law" means the Corporations Law and the Corporations Regulations in each Australian jurisdiction and (where the context so permits) includes any statute, ordinance, code or any prior corresponding legislation. "Deed of Novation" means a deed of novation substantially in the terms of Annexure E. "Disclosure Letter" means the disclosure letter in the form of Annexure G. "Distribution Agreement" means the distribution agreement entered into by OT and OSI dated 16 June 1995. "Employee Offer Letter" means a letter of offer of employment to an Employee from OSI substantially in the form of Annexure I. "Employee Retention Claim Event" means less than all 29of the named Employees in Annexure D accepting bona fide offers of permanent employment or engagement by OSI in respect of the Business on the terms set out in the Employee Offer Letter and the Consulting Agreement. "Employee Retention Claim Notice" means a written notice from OSI to OT and to the Escrow Agent which makes a claim on OT in respect of an Employee Retention Claim Event which is in accordance with the provisions of this agreement. "Employee Retention Payment Amount" means the amount determined by multiplying the number by which the number of Employees who accept offers of employment and engagement from OSI (as determined by clause 5) is less than 30 29by the amount of US$30,000 provided that where OT does not agree with an Employee Retention Claim Notice, the number of Employees not accepting offers of employment or engagement from OSI is the number determined by the Expert. The parties acknowledge that the amount of US$30,000 is a genuine pre-estimate of loss that will be suffered by OSI in the circumstances. "Employee Retention Reserve" means 12.5% of the Purchase Price. "Employees" means all the employees and Consultants of OT engaged in the Business comprising the Key Employees and those listed in Part B of Annexure D. "Encumbrance" means any mortgage, charge (whether fixed or floating) pledge, lien (including, without limitation any unpaid vendor's lien or similar), option, hypothecation, title retention or conditional sale agreement, lease, hire or hire purchase agreement, option, restriction as to transfer, use or possession, easement, subordination to any right of any other person, and any other encumbrance or security interest. "Escrow Agent" means the accounting firm Xxxxxxxx, Hatchman and Xxxx or such o...
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Contract benefits means the following benefits which may become ----------------- payable to Xxxxx in accordance with the applicable provisions of ARTICLE FIVE, AS REDUCED DOLLAR FOR DOLLAR for all cash amounts previously paid to Xxxxx pursuant to ARTICLE FOUR of this Contract:
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Contract benefits means the following benefits which may become payable to Executive in accordance with the applicable provision of ARTICLE IV:
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Related to Contract benefits

  • 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;

  • 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.

  • Employment benefits means all benefits provided or made

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

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

  • Additional Benefits means quantifiable and verifiable enhancement of conservation of biodiversity and/or improvement of local livelihoods realized as a result of implementation of the REDD activities;

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • 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.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Benefits as defined in Section 3.1(b).

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

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

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • 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.

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

  • Claim for Benefits means a request for a Plan benefit or benefits made by a Member in accordance with the Plan’s Appeals Procedures, including any Pre-Service Claims (requests for Prior Authorization) and Post-Service Claims (requests for benefit payment).

  • 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.

  • 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.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.