Examples of Funded Plan in a sentence
Each Self- Funded Plan Sponsor (an “Other Payor” under your Agreement) will contract with KPIC to provide administrative services for the Plan Sponsor’s Self-Funded plan.
All Employees and beneficiaries of Employees eligible to receive benefits from the Funded Plan shall be eligible to receive benefits under this Plan in accordance with Section 4.1 regardless of when the Employees may have retired.
Funded Plan: The Company has defined benefit plan for Post-Employment benefit in the form of Gratuity for all employees which is administered through Life Insurance Corporation (LIC) Liability for above defined benefit plan is provided on the basis of valuation, as at the Balance Sheet date, carried out by an independent actuary.
Funded Plan: The Company has defined benefit plan for Post- employment benefit in the form of Gratuity for all employees which is administered through Life Insurance Corporation (LIC).
Any conversions to an optional method of payment permitted under the Funded Plan shall be the Actuarial Equivalent of such normal form of payment.