Educational Benefits definition

Educational Benefits. Credit Hours purchased for use by the Beneficiary that otherwise have no monetary value.
Educational Benefits mean Trust distributions made, pursuant to such policies, procedures, criteria, definitions, determinations and guidelines as the Trustees may make from time to time in the Trustees’ discretion (including as to whether a certain number of shares of UIC Stock must be held to receive such Educational Benefit), to any of the Qualified Educational Beneficiaries so that such Qualified Educational Beneficiary (as defined in section 6.1.2)) may achieve personal development or obtain the skills, training, experience, degrees, certificates and knowledge necessary to participate in either the modern economy as owners, entrepreneurs, and employees or in traditional and customary settings. Without limiting the generality of the foregoing statement, the types of distributions that be made by the Trustees as Educational Benefits include the costs of attending preschools, primary and secondary schools, colleges, universities, trade and vocational schools and/or of obtaining certifications, whether such distribution and expenditures are in the form of benefits, grants, payments to entities (including without limitation UIC) and/or scholarships, and expressly include those for tuition, books, room and board, fees, equipment, tools, and tutors, educational readiness and incentive programs, developmental education, internships, special education, and educational infrastructure development, construction, maintenance and support, educational housing assistance, residential school and student living centers, development, maintenance, construction and/or support. All determinations relative to the award and payment of an Educational Benefit to a given Qualified Educational Beneficiary shall be in the sole discretion of the Trustees, or their authorized agent, and shall be final. Educational Benefits are not intended to be provided on a pro rata basis based upon the number of Trust Units owned by each Qualified Educational Beneficiary.

Examples of Educational Benefits in a sentence

  • Certified by State Approving Agency for Veterans’ Educational Benefits.

  • The Educational Benefits Statement sets out the likely effects, if this option is implemented by East Ayrshire Council.

  • Minimum Academic Standards for Students Receiving VA Educational Benefits: A student who is receiving U.S. Department of Veterans Affairs (VA) educational benefits must maintain a cumulative GPA according to the information presented in Table C to make satisfactory progress.

  • If, at the end of that probationary term the GPA is still less than a 2.0, VA Educational Benefits will be terminated.

  • Funds received from any outside sources for the same purpose, such as a scholarship, grant or Veteran's Educational Benefits, must be applied toward the cost of the tuition/fees before the City's tuition reimbursement plan shall apply.

  • Funds are for the payment to the Department of Defense (DOD) Educational Benefits Trust Fund.

  • Additions, modifications or revocations made while in the Armed Forces will be made through the Trans- ferability of Educational Benefits (TEB) Web site as described in para- graph (c)(9) of this section.

  • The University will provide a Summer Educational Benefits Program for all employees covered by this Agreement on the same basis as the program is provided for all other University employees.

  • Regularly appointed employees who are appointed on a full time basis as of the first day of class for the semester in which tuition remission is sought may qualify for tuition remission for themselves and their dependent children subject to, and as set forth in, the University’s Educational Benefits policy in Section 60.2.1 of the University Policy Library so long as employees and their dependent children comply with all administrative and academic requirements.

  • Students receiving VA Educational Benefits must maintain a grade point average (GPA) of 2.0 each semester or term in which they are enrolled.

Related to Educational Benefits

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • 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:

  • 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;

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

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

  • 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.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Fringe benefits means the amount of:

  • Pharmacy benefits management means the administration or management of prescription drug

  • Health benefits plan means a benefits plan which pays or

  • 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;

  • Essential Health Benefits means, under section 1302(b) of the Patient Protection and Affordable Care Act, those health benefits to include at least the following general categories and the items and services covered within the categories: ambulatory patient services; Emergency Services; hospitalization; maternity and newborn care; mental health and substance abuse disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services and chronic disease management; and pediatric services, including oral and vision care.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

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

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Retiree means any person who has begun accruing a retirement

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

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Employment benefits means all benefits provided or made

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.