Gross Monthly Benefit definition

Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
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Gross Monthly Benefit means the Covered Person's Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
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Gross Monthly Benefit means this policy’s monthly benefit before it is reduced by any current monthly earnings. It is shown in the schedule.
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Examples of Gross Monthly Benefit in a sentence

  • It is the Gross Monthly Benefit reduced by Other Income Benefits.

  • The monthly amount payable under this provision will be the lesser of:1) the Person’s Monthly Benefit payable if the Person did not have a Pre-Existing Condition; or2) the Person’s Gross Monthly Benefit multiplied by 25%.

  • The Minimum Monthly Benefit is $100.00 or 10.00% of your Gross Monthly Benefit, whichever is greater.

  • Gross Monthly Benefit means Your Monthly Benefit amount before any reduction for Other Income Sources and Current Earnings.

  • The result is the Person’s percentage of lost earnings.3) From the Person’s Gross Monthly Benefit, subtract any Other Income Benefits;4) Multiply the answer in Item 2) by the answer in Item 3).

  • Gross Monthly Benefit means your monthly LTD benefit before any reduction of Other Income Benefits and before any reduction of Disability Earnings.

  • The Minimum Monthly Benefit is $100.00 or 15.00% of your Gross Monthly Benefit, whichever is greater.

  • Subtract from Your Gross Monthly Benefit any Deductible Sources of Income.

  • From Your Gross Monthly Benefit, subtract any Deductible Sources of Income.

  • From Your Gross Monthly Benefit, subtract the answer in Item b and any Deductible Sources of Income.


More Definitions of Gross Monthly Benefit

Gross Monthly Benefit means the Insured's benefit amount before any reduction for other income benefits and earnings.
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Gross Monthly Benefit means this certificate’s monthly benefit before it is reduced by any current monthly earnings.
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Gross Monthly Benefit means the monthly benefit calculated in accordance with paragraph 11 and before any offsets or statutory source deductions, garnishees and Alberta School Employee Benefit Plan premium deductions (2017-01-01)
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Gross Monthly Benefit means the monthly benefit payable under the Insurer's original policies prior to any reduction for other income benefits that may be payable as a result of disability.
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Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits.
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Gross Monthly Benefit means the employee’s benefit amount before any reduction for other income benefits and earnings.
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Related to Gross Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

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

  • Termination Benefit means the benefit set forth in Article 7.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • 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).

  • 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.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Actuarial equivalent means a benefit of equal value when