Life Assurance Member definition

Life Assurance Member means an individual who is in Life Assurance Membership under rule 2.9 (being prospectively entitled to a lump-sum death benefit under Section 8).
Sample 1Sample 2
Life Assurance Member means an Employee who has been admitted to and remains in membership of the Scheme under sub-Rule 2.
Sample 1
Life Assurance Member means a person who has been admitted to the Fund under Rule 1.1 of the Life Assurance Section Rules (Life Assurance Members) and who has not ceased to be a Life Assurance Member under Rule 1.2 of the Life Assurance Section Rules (Ceasing to be a Life Assurance Member).
Sample 1

Examples of Life Assurance Member in a sentence

  • MEMBERSHIP FOR LUMP SUM AND DEPENDANTS' PENSIONS ON DEATH IN SERVICE 1.2.2 An Employee who satisfies the condition in rule 1.1.1 and is under age 60 becomes a Life Assurance Member when his employment starts, provided he is not absent from work on that date, until he becomes a Member under rule 1.2.1, reaches Normal Retirement Date or leaves Service, if earlier.

  • If a Life Assurance Member dies the Trustees will hold on the Discretionary Trusts a cash sum equal to 2 times the annual rate of his or her Earnings (as determined by the Principal Employer) at the date of death.

  • This Rule applies to any female Member or Life Assurance Member who is absent from work wholly or partly because of her pregnancy and who is entitled to rights ("maternity rights") specified in Part III of the Employment Protection (Consolidation) Act 1978 ("the 1978 Act").

  • A Life Assurance Member will remain a Life Assurance Member during a period of Family Leave whether or not paid.

  • The benefits to be provided under the Rules on the death of a Member or Life Assurance Member shall be subject to such requirements (if any) as to his state of health as are prescribed by the Trustees and notified to him.

  • In the event of conflict between this rule and any other rule of this Section, this rule shall override.SECTION 8 LIFE ASSURANCE BENEFITS Summary A cash sum is payable when a Life Assurance Member dies 8.1 BENEFIT (1) Subject to (2) below, if a Life Assurance Member dies the Trustees will hold on the Discretionary Trusts a cash sum equal to 2 times his or her Life Cover Pensionable Salary at death.


More Definitions of Life Assurance Member

Life Assurance Member means an Employee specified in Rule 44.11 or any other Employee whom the Principal Employer directs shall be entitled only to benefits under Rule 61.7.
Sample 1
Life Assurance Member means a Member in respect of whom contributions are being made to the Scheme for the provision only of benefits on his death in Service under Rule 2.5.1 of Section II Life Assurance Membership shall be construed accordingly.
Sample 1
Life Assurance Member means any of the following (a) any Sony Broadcast Member who has been admitted to the Scheme for the purposes only of the potential receipt of the Scheme Death Benefit payable under Sub-rule 12(A) (lump sum on death in Service before Normal Pension Date), and
Sample 1
Life Assurance Member means an individual who is in Life Assurance Membership under rule 2.6 (being entitled to a lump sum death benefit under Section 6 only). "Life Assurance Membership" has a corresponding meaning.
Sample 1
Life Assurance Member means a person who has been admitted to the Plan under Sub-rule 3(A)(5) and who has not ceased to be a Life Assurance Member under Sub-rule 3(C)(2).
Sample 1
Life Assurance Member means an Employee who joins the Scheme under rule 1.2.2 and who is covered solely for the lump sum death benefit under rule
Sample 1

Related to Life Assurance Member

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Planning Director means the Planning Director of the City of Santa Xxxxxx, or his or her designee.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Single member limited liability company means a limited liability company that has one direct member.

  • Statewide popular election means a general election in which votes are cast for

  • CAFRA Planning Map means the map used by the Department to identify the location of Coastal Planning Areas, CAFRA centers, CAFRA cores, and CAFRA nodes. The CAFRA Planning Map is available on the Department's Geographic Information System (GIS).

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • State Budget Director means the individual appointed by the Governor pursuant to Section 321 of The Management and Budget Act, 1984 PA 431, MCL 18.1321.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Corporate Member means, corporate entity who have entered into a Membership Agreement with DOCOMO BIKESHARE, INC. under the Bicycle Rental (Sharing) system in pursuant to Article 3, such as profit corporations, non-profit corporations, public corporations, and those with juridical personality by law.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Member of the University Community means any person who is a volunteer including high school students, an enrolled student, faculty or staff member, University official, any other person employed by the University or campus visitors.

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • School Community means all parents, students and staff of the school and all other persons who have a legitimate interest in or connection with the school.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • land reform beneficiary , in relation to a property, means a person who -

  • Urban renewal plan means a plan, as it exists from time to time, for an urban renewal project, which plan shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum density and building requirements.

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.