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

  • If the answer in Item 4 above is less than or equal to 100% of Your Indexed Monthly Earnings, Your Monthly Benefit Payment will be Your Gross Monthly Benefit minus any Deductible Sources of Income.

  • The benefit for a period which is less than a full calendar month shall be 1/30th of the applicable Gross Monthly Benefit, less any Reductions of Coverage, multiplied by the number of days in said period.Benefits will be payable for each month or partial month that such total disability continues beyond the applicable qualifying disability period.

  • The benefit for a period which is less than a full calendar month shall be 1/30th of the applicable Gross Monthly Benefit, less any income and benefits payable under any Workers’ Compensation Law or similar law, multiplied by the number of days in said period.Benefits will be payable for each month or partial month that such total disability continues beyond the applicable qualifying disability period.

  • This plan pays 60% of Monthly Earnings to a Maximum Gross Monthly Benefit of$5,000.00 per month subject to reduction by deductible sources of income or Disability Earnings.

  • If the Plan Type is True Flat then both the Monthly Covered Payroll and the Gross Monthly Benefit equal the Maximum Monthly Benefit.

  • The Gross Base Premium for each individual equals: Gross Monthly Benefit x Base Rate The Base Rates vary by age, gender, elimination period, and maximum payment period; they are displayed on pages LTD-1 through LTD-4.

  • The Gross Monthly Benefit for each individual equals the smaller of the following: {Monthly Earnings x Benefit Percentage} or {Maximum Monthly Benefit} The Monthly Covered Payroll, used in some of the following calculations, equals the Gross Monthly Benefit divided by the Benefit Percent.

  • MINIMUM MONTHLY BENEFIT The greater of 10% of the Gross Monthly Benefit or $100.

  • If the answer in Item 4 above is less than or equal to 100% of Your Indexed Monthly Pre- disability Earnings, Your Monthly Benefit Payment will be Your Gross Monthly Benefit minus any Deductible Sources of Income.

  • The benefit for a period which is less than a full calendar month shall be 1/30th of the applicable Gross Monthly Benefit, less any Reductions of Coverage, multiplied by the number of days in said period.Benefits will be payable for each month or partial month that such total disability continues beyond the applicable qualifying disability period.Benefits will not be payable for more than the applicable maximum benefit period specified in this section.


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 insured's benefit amount before any reduction for other income benefits.
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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.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • 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.

  • 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.

  • 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).