Full Benefit definition

Full Benefit means, for each Eligible Officer under the Plan, the difference between (a) the amount reflected in Schedule A hereto as the “Projected Benefit” payable to such Eligible Officer at age 65, minus (b) the Net Projected Cash Surrender Value (updated no less often than annually) at age 65 of the Policy or Policies insuring the life of such Eligible Officer, and minus (c) the amount of any outstanding loan against the Policy or Policies insuring the life of such Eligible Officer.
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Full Benefit means the amount determined in terms of regulation 20;
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Examples of Full Benefit in a sentence

  • For an Other Full Benefit Dual Eligible Member, AHCCCS does not provide payment for either Medicare Part A or Part B premiums.

  • For an Other Full Benefit Dual Eligible Member, AHCCCS payments of Medicare coinsurance amounts and Medicare deductibles for Medicare covered services are limited.

  • On behalf of currently enrolled AHCCCS categorically eligible members who receive full medical assistance benefits, and who become newly Medicare eligible either by age or disability, and that such Medicare eligibility results in Full Benefit Dual Eligible status for such members , MAO shall perform the default enrollment process as provided by 42 CFR 422.66 and 422.68.

  • Under no circumstances will Executive become entitled to more than one of the Full Benefit or the Limited Benefit.

  • Commencing upon the Payment Commencement Date and continuing on the first business day of each month thereafter until a total of 180 payments have been made to the Executive, the Bank shall pay to the Executive one-twelfth (1/12) of the Full Benefit or one-twelfth (1/12) of the Limited Benefit, as applicable.

  • In such case, the Full Benefit shall be payable to the Executive beginning on the Payment Commencement Date without exception.

  • If the Executive remains employed by the Bank or an affiliate thereof until or after the Full Vesting Date (as defined in Exhibit A hereto), then, commencing upon the Payment Commencement Date (as defined in Exhibit A hereto), and continuing on the first business day of each month thereafter until a total of 180 payments have been made to the Executive, the Bank shall pay to the Executive an amount equal to one-twelfth (1/12) of the Full Benefit (as defined in Exhibit A hereto).

  • In such case, the Full Benefit shall be payable to Executive beginning on the Payment Commencement Date.

  • Payment of enrolled Full Benefit Dual Eligible Member Medicare cost sharing effective CY2023 as described per the CY2023 Medicare Advantage Final Rule published in the Federal Register of May 9, 2022, and as may be amended in the future.

  • Those guests visiting campus should dress professionally and modestly.

Related to Full Benefit

  • 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.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit have the meanings specified in ERISA.