Last Monthly Benefit definition

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.
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Last Monthly Benefit means the gross Monthly Benefit payable to you prior to your death without any reduction for earnings received from employment.
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Last Monthly Benefit means the net Monthly Benefit payable to you prior to your death.
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Examples of Last Monthly Benefit in a sentence

  • The lump sum benefit will be an amount equal to three times your Last Monthly Benefit.

  • The benefit will be equal to three times the Insured Employee's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to six times your Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person’s Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person's Last Monthly Benefit, but not more than $500.

  • On 5 September 2011 the Mayor considered planning report PDU/ 1336/ 01 , and subsequently advised Greenwich Council that the application did not comply with the London Plan, for the reasons set out in paragraph 85 of the above-mentioned report; but that the possible remedies set out in paragraph 87 of that report could address these deficiencies.

  • The benefit will be equal to [3] times Your Last Monthly Benefit.

  • The benefit will be equal to six times the Insured Employee's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to six times the Covered Person's Last Monthly Benefit.


More Definitions of Last Monthly Benefit

Last Monthly Benefit means the gross Monthly Benefit payable to the Covered Person prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the monthly benefit paid to you immediately prior to your death but not including any reduction for wages earned while in rehabilitative employment.
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Last Monthly Benefit means the Gross Monthly Benefit payable to you immediately prior to death. Any reductions for Other Income Benefits, or for earnings you received for Partial Disability Employment, will not apply.
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Last Monthly Benefit means the gross Monthly Benefit paid to the Covered Person immediately prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death but not including any reduction for earnings.
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Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death without any reduction for earnings received from employment.
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Related to Last Monthly Benefit

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

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

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

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

  • 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).

  • 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 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.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • 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.

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

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

  • 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 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).

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

  • Actuarial equivalent means a benefit of equal value when

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.