Maximum Annual Benefit definition

Maximum Annual Benefit. Shall be defined as those benefits payable under this Agreement that have annual maximum limits for each Covered Person as shown in Exhibit .
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Maximum Annual Benefit means a maximum annual benefit amount of $36,000 per year for autism support program services for an eligible individual. For the purposes of this program, the annual benefit is calculated by using as a starting date the date the first service is reimbursed by the program and an ending date 12 months from the starting date. Expenditures included in the calculation of the maximum annual benefit include reimbursements to autism service providers for provision of applied behavioral analysis and reimbursements to integrated health homes for costs of care coordination. Cost-sharing paid by the eligible individual is not included in the calculation of the individual’s annual benefit.
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Maximum Annual Benefit means an amount calculated by subtracting from the Retirement Factor: (i) the annual accrued benefit as of the Qualifying Event (based on a monthly single life annuity) payable at normal retirement age (as defined in the Pension Plan); (ii) one-half of Executive's Social Security Benefit as of the Qualifying Event; and (iii) the annual single life annuity payable at age 65 based on the Actuarial Equivalent of Executive's account under the Savings Plan as of the Qualifying Event solely attributable to matching contributions made by the Company. Notwithstanding anything in this Section 1 (m) to the contrary, the calculation of the Maximum Annual Benefit shall be based solely on full and consecutive years of employment with the Company or an Affiliate and shall cease to accrue and vest after an Executive's date of termination with the Company or an Affiliate.
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Examples of Maximum Annual Benefit in a sentence

  • We will pay benefits equal to 100% of any deductible, coinsurance, and copays for which You are responsible under Your Primary Medical Policy, up to the Maximum Annual Benefit each calendar year, for You or a Family Member’s Inpatient Hospital Stays covered under the Primary Medical Policy.

  • We will pay benefits equal to 100% of any deductible, coinsurance, and copays for which you are responsible under Your Primary Medical Policy, up to the Maximum Annual Benefit each calendar year, for You or a Family Member’s Inpatient Hospital Stays covered under the Primary Medical Policy.

  • The Benefit Cost as a percentage of the Benefit Base will never exceed the Maximum Annual Benefit Cost shown on the Rider Schedule.

  • BENEFIT SCHEDULE Maximum Annual Benefit $ [2,000.00] POLICY SCHEDULEINSUREDPOLICYNUMBEREFFECTIVEDATEINITIAL TERMEXPIRES ONINITIALPREMIUM[John Doe][12346789][08-01-07][09-01-07][$44.00] ADDITIONAL BENEFITS [Hospital Outpatient Benefit] The Policy Schedule includes premiums for Additional Benefits, if any.

  • For Bed Reservation Benefit, this Rider provides for a Maximum Annual Benefit equal to the percentage of the Maximum Monthly Benefit shown on the Policy Schedule.

  • For Respite Care Benefit, this Rider provides for a Maximum Annual Benefit equal to the percentage of the Maximum Monthly Benefit shown on the Policy Schedule.

  • This amount is included in and part of the Maximum Annual Benefit per Member described in the paragraph above.Covered Benefits Schedule of Benefits Schedule of Benefits Schedule of Benefits MAXIMUM LIMITATIONS* Benefit Maximums: Benefit maximums up to a certain number of days/visits/dollar amounts per Contract Year are reached by combining either Network or Non-Network Benefits up to the limit for one or the other, but not both.

  • The combined total benefits paid under this Policy including the Additional Benefits, if any, are limited to the Maximum Annual Benefit per calendar year.

  • The combined total benefits paid under this Policy including the Additional Benefits, if any, are limited to the Maximum Annual Benefit per calendar year.INSURING CLAUSEThe Company insures You against specified losses incurred by You or a Family Member.

  • The Maximum Annual Benefit Limitation shall be 25% of a Participant's Final Average Annual Pay.


More Definitions of Maximum Annual Benefit

Maximum Annual Benefit means an amount calculated by subtracting from $100,000, indexed annually by 4% beginning September 30, 1998: (i) the annual accrued benefit as of the Qualifying Event (based on a monthly single life annuity) payable at normal retirement age (as defined in the Pension Plan); (ii) one-half of Executive's Social Security Benefit as of the Qualifying Event; and (iii) the annual single life annuity payable at age 65 based on the Actuarial Equivalent of Executive's account under the Savings Plan as of the Qualifying Event solely attributable to matching contributions made by the Company.
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Maximum Annual Benefit means the total Salary Reduction Contributions a Covered Employee authorizes to his or her Health Care Flexible Spending Account, according to the election procedures of Section 7.1, for Qualifying Medical Expense reimbursement, which amount must be not more than an amount communicated annually by the Plan Administrator, which amount shall not exceed maximum amount allowed under Section 125 of the Code. Plan means the PAREXEL International Corporation Combination Limited Purpose Health Care Flexible Spending Account Plan as herein set forth and as amended from time to time.
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Maximum Annual Benefit means $150,000 per Plan Year for each Participant including all of the Participant’s Dependents combined.
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Maximum Annual Benefit means a maximum annual benefit amount of $36,000 per year for autism support program services for an eligible individual. For the purposes of this program, the annual benefit is calculated by using as a starting date the date the first service is reimbursed by the program and an
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Related to Maximum Annual Benefit

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.