Insured Benefits definition

Insured Benefits means, in relation to a Member or Beneficiary, benefits (including the provision of a pension) paid to the Trustee under a Life Insurance Policy for a Division in the event of the Member’s or Beneficiary’s death or Total and Permanent Disablement or in the nature of income protection insurance, but does not include benefits which the Trustee has secured under:
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Insured Benefits means those insurance benefits described in and subject to this chapter, including medical, dental, life, disability and vision benefits.
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Insured Benefits means benefits provided to Members by way of the Supervisor or Manager entering into a Policy in respect of those Members;
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Examples of Insured Benefits in a sentence

  • The amount of your life insurance is shown in the Schedule of Insured Benefits.

  • The amount of your Accidental Death and Dismemberment (AD&D) insurance is shown in the Schedule of Insured Benefits.

  • The amount of your accidental death and dismemberment (AD&D) insurance is shown in the Schedule of Insured Benefits.

  • Approved Leave of Absence During Vacation Health and Insured Benefits ...................

  • The Employer and the Union agree to jointly participate in a study of alternate systems of delivery of Insured Benefits.

  • Upon exhaustion of all sick, vacation and personal time, the Employer will continue to pay group insurance, as set forth in Article XXIV Insured Benefits, for a period not to exceed six months from initial date of disability.

  • The Joint Committee on Insured Benefits will be composed of three representatives of the Federation of Classified Employees, three representatives of the Faculty Federation, two Management/Confidential representatives and two Human Resources staff.

  • Same sex spouse will be eligible to be a dependent for Insured Benefits.

  • CONTINUANCE OF INSURED BENEFITS Except as provided in Article all benefits coverage under Part B and Part C of the Central Collective Agreement (Employee Benefits for Full-Time and Regular Part-Time Civil Servants) will cease at the end of the month in which the employee is laid off or resigns, save and except coverage as provided under Article or (Insured Benefits Plans) and Article or (Dental Plan).

  • Subject to the Relevant Law, the Trustee may wind up the Insurance Only Division PROVIDED that the Trustee first transfers the Life Insurance Policies of Members participating in the Division in accordance with Clause 11.2(b), and that, in accordance with Schedule 3, the Trustee pays all Insured Benefits retained in the Division and is paid any fees and reimbursed any expenses to which the Trustee is entitled.


More Definitions of Insured Benefits

Insured Benefits shall have the meaning set forth in Section 3(b) below.
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Insured Benefits the insured benefits are the health, critical illness and medical benefits insured under the WPA Protocol Private Medical Insurance Scheme provided by WPA Protocol plc and the BHSF Cash Plan provided by BHSF Limited, details of which are contained in the Data Room;
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Insured Benefits means benefits provided to Members by way of the Supervisor (or the Custodian) entering into a policy of insurance or assurance in respect of those Members; Insurer means a company selected and appointed from time to time by the Manager to provide a policy of insurance or assurance in connection with the provision of Insured Benefits;
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Insured Benefits means the benefits to be obtained upon HHL entering into an agreement with Legal & General Assurance Society Limited to provide the benefits as set out in the Quotation and Terms of Business;
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Insured Benefits. Medical • Dental • Life • Disability • Vision Full-time regular, part-time regular, provisional, probationary and term-limited temporary employees and spouse or domestic partner, each of their dependent children, and each of the dependent children of their spouse or domestic partner (Domestic Partner coverage KCC 3.12.044) (Part-time and temporary employees who exceed the calendar year working hours threshold KCC 3.12.040 C.) KCC 3.
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Insured Benefits means that portion of the death benefit in terms of Rule 7.1.1.1.2, 7.1.1.2 and 7.1.3 which is reinsured by a REGISTERED INSURER.
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Related to Insured Benefits

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Excepted benefits means benefits under one or more (or any combination thereof) of the following:

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Accrued Benefit have the meanings specified in ERISA.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Disability Benefit means the benefit set forth in Article 8.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Employment benefits means all benefits provided or made

  • 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.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

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

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.