Disability Assistance Payment definition
Disability Assistance Payment means any payment from the Plan to the Beneficiary or to the Beneficiary’s estate. For greater certainty, a Disability Assistance Payment may be, but need not be, a Lifetime Disability Assistance Payment.
Disability Assistance Payment means any payment from the Plan to the Beneficiary or to the Beneficiary’s estate.
Disability Assistance Payment means any payment made from the Plan to the Beneficiary or to the Beneficiary's estate.
Examples of Disability Assistance Payment in a sentence
A Disability Assistance Payment may not be made from the Plan if the fair market value of the property held by the Plan Trust, immediately after the payment is made, would be less than the Assistance Holdback Amount in relation to the Plan.
At the time the Plan ceases to be registered, a Disability Assistance Payment will be deemed to have been made from the Plan to the Beneficiary or, if the Beneficiary is deceased, to their estate, that is equal to the amount by which the fair market value of the property held by the Plan Trust exceeds the Assistance Holdback Amount.