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.
Examples of Monthly Earnings in a sentence
Monthly Earnings: His presumed earnings at the time of his original disability will be based on 3 full Block Period average or the average earnings of the last 12 Block Periods, whichever is the greater, immediately preceding the date on which the disability commenced.
More Definitions of Monthly Earnings
Monthly Earnings means your average gross monthly income as figured:
Monthly Earnings means all Earnings received by you in the particular month for which you are claiming benefits under this policy. Owner means the owner of this policy, as shown on the Policy Data page, unless later changed as allowed under the GENERAL PROVISIONS section. The Owner is shown as “Policyowner” on application forms attached to this policy. Physician means any licensed medical professional, other than you, the Owner, a member of your or the Owner’s household, or any person related to you or the Owner by blood or marriage, who is practicing and diagnosing within the scope of his or her medical or professional license.
Monthly Earnings means 1/12th of your annual teacher's contract salary in effect just prior to your date of disability. Annual salary is 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.
Monthly Earnings means monthly gross Total Assessable Compensation, as defined under The Church Pension Fund Clergy Pension Plan (Clergy Pension Plan) but excluding one-time payments such as overtime and bonuses and income received from sources other than the Employer.
Monthly Earnings means the basic monthly rate of salary plus, where one exists, the market supplement in effect on the date disability leave commenced. When a subsequent period of Total Disability is considered as a continuation of the previous period of Total Disability, the Monthly Earnings shall be determined on the date the previous disability leave commenced.
Monthly Earnings means your gross monthly income from services with your Employer which was last reported to GuideStone Financial Resources of the Southern Baptist Convention prior to the date of your disability. It may include your total income just before taxes and before any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 403(b) annuity, Section 125 plan, or qualified transportation plan. It may include income actually received from bonuses, overtime pay, housing allowance or any other extra compensation, or income received from sources as last reported to GuideStone Financial Resources of the Southern Baptist Convention.