Disability income definition

Disability income means disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such plans that are marketed through employer and association sponsored groups (“multi-life” plans), as applicable.
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Disability income means a policy designed to compensate
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Disability income means income replacement as defined in Section 31A-1-301.
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Examples of Disability income in a sentence

  • Disability income plan means the TECO Energy Group Disability Income Plan, as amended from time to time.

  • A Participant receiving Sun Executive Disability Income Program benefits prior to his Normal Retirement Date will be entitled to benefits under Section 5.01 and, if applicable, Section 5.02.

  • A Participant receiving disability benefits under the Sun Executive Disability Income Program will remain a Participant.

  • As used in the Plan, the term "disabled" shall have the meaning set forth in the Company's Long Term Disability Income Plan.

  • Thereafter, Employee's benefits in respect of his disability shall be determined in accordance with the Employer's Long-Term Disability Income Insurance Plan, or a substitute plan, and any other plans providing for the disability of a participant then in effect.

  • Notwithstanding the foregoing, for purposes of determining the benefit provided to the Chief Executive Officer Participant pursuant to Section 3.08, Service, Credited Service and Executive Service shall not include the period during which he qualifies for and receives disability benefits under the Sun Executive Disability Income Program.

  • The Disability Benefit of a Member entitled thereto shall be an annual benefit payable in monthly installments under this Plan during the same period as disability benefits are actually paid by the Basic Disability Plan, in an amount equal to 60% of the Member's Covered Earnings, offset by the Member's (i) Basic Disability Plan Benefit, (ii) Basic Plan Benefit, if the Basic Disability Plan Benefit does not already include an offset for such Basic Plan Benefit, and (iii) Other Disability Income.

  • Disability - refers to entitlement to benefits under the Company's Long-Term Disability Income Plan or Employee Pension Plan as a result of a disability which, in the opinion of the Board, is considered to be a permanent disability.

  • Each Member shall provide the Plan Administrator with the information necessary to calculate the Monthly Disability Income under Section 5.01 and, in the event that the information necessary to calculate the Monthly Disability Income of a Member is not provided to the Plan Administrator, the Plan Administrator may make reasonable estimates of such amounts and conclusively rely on such estimates in calculating the amount of the Monthly Disability Income.

  • For purposes of this Agreement, "Disability" shall mean any disability that (a) entitles the Executive to disability income benefits under the GATX Long Term Disability Income Plan as in effect on the day prior to the Effective Date, and (b) prevents the Executive, for the duration of the Employment Period, from engaging in the same or comparable type of employment as that in which the Executive was engaged on the day prior to the Effective Date.


More Definitions of Disability income

Disability income means disability income as defined in section 22(c)(2)(B)(iii) of the Internal Revenue Code.
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Disability income means the disability income Benefit pursuant to Section 11 of this Plan, generally payable to Members as a monthly amount.
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Disability income means the long term disability income payable to Eligible Officers under this Plan and payable as a Monthly Benefit.
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Disability income means the maximum amount that we will indemnify you for any single Employee who is participating in your ERISA Plan for disability arising out of a single Occurrence during the policy period subject to the maximum amount specified in the Declarations Page. Only the gross amounts actually paid to the Employee under this benefit will be indemnified under this policy.
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Related to Disability income

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Recurrent Disability means a Disability caused by an Injury or Sickness that is the same as, or related to, the cause of a prior Disability for which Monthly Benefits were payable. A Recurrent Disability will be treated as follows.

  • Disability allowance means monthly payments during

  • Permanent Disability means the Employee’s inability to perform the essential functions of the Employee’s position, with or without reasonable accommodation, for a period of at least 120 consecutive days because of a physical or mental impairment.

  • Partial Disability or "Partially Disabled" means you, as a result of Injury or Sickness, are able to:

  • Disability Termination means the termination of a Participant’s employment under the disability provisions of the Participant’s Employment Agreement or, if the Participant is not a party to an Employment Agreement, then as a result of a “Disability” as defined in the Plan.

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Pregnancy disability means a pregnancy-related medical condition or miscarriage.

  • Permanent partial disability means a permanent disability

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

  • Catastrophic disability means a physical and not a psychological

  • Long-Term Disability means the Grantee is receiving long-term disability benefits under the Employer’s long-term disability plan.

  • 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.).

  • mental disability means one or more mental disorders, as defined in the most recent edition of the American Psychiatric Association's "Diagnostic and Statistical Manual of Mental Disorders", or a record of or regarding a person as having one or more such disorders;

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • Child with a disability means a child who, by reason of any of the following, needs special education and related services:

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Short-Term Disability means short-term disability as defined in the Corporation’s short-term disability plan.