Covered Monthly Earnings definition
Covered Monthly Earnings means your basic monthly salary received from the Policyholder on the day just before the date of Total Disability, prior to any deductions to a 401(k) and Section 125 plan. Covered Monthly Earnings does not include commissions, overtime pay, bonuses, incentive pay or any other special compensation not received as Covered Monthly Earnings.
Covered Monthly Earnings means your basic monthly salary received from the Policyholder on the day just before the date of Total Disability. Covered Monthly Earnings do not include commissions, overtime pay, bonuses or any other special compensation not received as Covered Monthly Earnings.
Covered Monthly Earnings means your basic monthly salary received from the Policyholder on the first of the Policy month just before the date of Total Disability, prior to any deductions to a 403(b) or Section 125 plan. Covered Monthly Earnings does not include commissions, overtime pay, bonuses or any other special compensation not received as Covered Monthly Earnings.
More Definitions of Covered Monthly Earnings
Covered Monthly Earnings means your gross monthly income from your employer in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plans, or flexible spending account.
Covered Monthly Earnings means the Insured's monthly salary received from you on the first of the Policy month just before the date of Total Disability. Covered Monthly Earnings does not include commissions, overtime pay, bonuses or any other special compensation not received as Covered Monthly Earnings.
Covered Monthly Earnings means the Insured's monthly salary received from you on the day just before the date of Total Disability, prior to any deductions to a 401(k) and Section 125 plan. Covered Monthly Earnings does not include overtime pay, bonuses, incentive pay or any other special compensation not received as Covered Monthly Earnings. However, "Covered Monthly Earnings" will include commissions received from you averaged over the lesser of:
Covered Monthly Earnings means 1/12 of the amount of wages the Policyholder paid to you as reported on your W-2 form for the year just before the date Total Disability began. W-2 earnings includes base pay, commissions, bonuses, 401(k) deferrals, 403(b) deferrals and Section 125 deferrals received from the Policyholder but excludes overtime pay; group term life imputed income; allowances, such as, but not limited to, disturbance allowances, relocation allowances, leased car and car allowances; and other special forms of compensation. If the W-2 is for less than a full calendar year, W-2 earnings, as defined above, will be annualized and divided by 12.
Covered Monthly Earnings means 1/12th of the Insured's annual salary received from you as of the first of the month just before the date of Total Disability. Covered Monthly Earnings do not include commissions, overtime pay, bonuses or any other special compensation not received as Covered Monthly Earnings.
Covered Monthly Earnings means your monthly salary received from the Policyholder on the day just before the date of Total Disability, prior to any deductions to a 401(k) plan. Covered Monthly Earnings include base salary or hourly wage and overtime for shifts A, B, C, D, E or F but only up to a maximum of 6.4 hours in a two week period. Covered Monthly Earnings does not include overtime not described above, shift differential, incentive pay plan, other bonuses, or other fringe or extraordinary compensation.
Covered Monthly Earnings means the amount of wages you paid to the Insured as reported on his/her W-2 form as "Medicare wages and tips" (box 5) averaged over the lesser of: