We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Gross Monthly Benefit definition

Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
Sample 1Sample 2Sample 3
Gross Monthly Benefit means the Covered Person's Monthly Benefit before any reduction for Other Income Benefits and Other Income Earnings.
Sample 1Sample 2Sample 3
Gross Monthly Benefit means this policy’s monthly benefit before it is reduced by any current monthly earnings. It is shown in the schedule.
Sample 1Sample 2Sample 3

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 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.

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

  • Gross Monthly Benefit means Your gross Long Term Disability Benefit as calculated from the Schedule of Benefits, prior to any reductions for Deductible Sources of Income.

  • 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.

  • First, we obtained detailed break-downs of damages categories and assessed their influences on pain and suffering damages.

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


More Definitions of Gross Monthly Benefit

Gross Monthly Benefit means this certificate’s monthly benefit before it is reduced by any current monthly earnings.
Sample 1Sample 2
Gross Monthly Benefit means the Insured's benefit amount before any reduction for other income benefits and earnings.
Sample 1
Gross Monthly Benefit means the insured's benefit amount before any reduction for other income benefits.
Sample 1
Gross Monthly Benefit means your Monthly Benefit before any reduction for Other Income Benefits.
Sample 1
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.
Sample 1
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)
Sample 1

Related to Gross Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Lincoln 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.

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

  • 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 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.

Most Referenced Clauses

Most Referenced Definitions