Optional Benefit definition

Optional Benefit means a benefit included in this Policy which is included at the option of the Policyholder with the agreement of the Company and in respect of which the relevant rider is attached to this Policy and which is described as an affirmed benefit and for which additional premiums are payable to the Company.

Optional Benefit means the optional benefit described as being available in certain Sections of this Policy.

Optional Benefit means the Optional Benefit described as being available in certain Sections of this Policy. Optional Benefits that are covered are shown in the Schedule.

Examples of Optional Benefit in a sentence

• Any benefit provided by an attached Optional Benefit Rider will not increase these values unless otherwise stated in that Rider.

• Part-time employees whose normal workweek consists of twenty (20) hours or more will be eligible to receive fifty (50) percent of the Optional Benefit amount available to full-time employees.

• Employees hired or promoted after the commencement of a plan year will be eligible for the Optional Benefit on a pro-rata basis the first day of the month following the twenty-eighth (28th) day of employment in an eligible classification.

• Eligibility - a full-time regular, limited-term or probationary employee is eligible to receive the Optional Benefit provided he or she is continuously employed in a full-time capacity.

• Windscreen claims: Where you have not selected the Windscreen Cover Optional Benefit, the Basic Excess applies to a windscreen claim.

• The maximum We will pay, any one Accident, regardless of the number of vehicles being towed, carried, lifted or lowered at the time of the Accident, is the Sum Insured shown in the Schedule for this Optional Benefit.

• The maximum We will pay is the Limit of Liability shown in the Schedule for this Optional Benefit.

• The maximum We will pay, any one Event, regardless of the number of trailers in Your possession, custody or control at the time of the Event, is the Sum Insured shown in the Schedule for this Optional Benefit.

• Eligible part-time employees shall be reimbursed in an amount not to exceed one-half of the Optional Benefit Plan for full-time managers.

• Any portion of the Optional Benefit allocated towards the health reimbursement category as outlined in Section 3.C.5.a. will be subtracted from the amount the employee is eligible for under the County’s Health Care Reimbursement Account (if the employee participates) and subject to state and federal law, regulations and guidelines.

More Definitions of Optional Benefit

Optional Benefit. 3 : SMART HOSPI-CARE PLUS a. In-patient Care

Optional Benefit means an optional Benefit that Acronis may offer to Member which is not listed as a Benefit at a particular Program Level, which may or may not include a fee.

Optional Benefit means the endorsement(s) or clauses described as being available in Your Policy. Optional benefits are not applicable unless they are shown as being operative in the Schedule.

Optional Benefit means a benefit that is prescribed for the purposes of subsection 40.1 (1) as an optional benefit; (“prestation optionnelle”)

Optional Benefit means the District approved insurance program (namely, Voluntary Employee Benefit Association [VEBA] Trust) which is not a basic benefit program as described in Section 8.05, above. The District's contributions for optional benefits, based on the same contribution ratio among eligible employees as is reflected in Section 8.04, above, will be designed to utilize, in combination with the District's basic benefits contributions, the total insurance pool as defined in Section 8.06.B., above. Payroll deductions will be made for insurance premiums not covered by District contributions. No District contributions for optional benefits will be made during 2015-16 except as may result from the operation of this section. (Reference attached Basic Benefit/VEBA Memorandum of Understanding.) 8.07 2016-17 and 2017-18 2016-17 and 2017-18: For the 2016-17 and 2017-18 school years, the concept and methodology set forth for 2015-16 will be utilized based on a District contribution equal to the State Health Care Authority’s benefit allocation less the appropriate retiree benefit allocation (carveout). In the event of a change in the State support figure per month, the District's monthly contribution will be changed accordingly. Additionally, for the 2016-17 and 2017-18 school years, the District agrees to fund the medical, dental, and vision benefits in the same manner as is agreed to between the District and the Bellingham Education Association. The District and the Teamsters may mutually agree to adjust the menu of available plans or other details of the insurance program. To maintain compliance with legal mandates for health benefits, the parties will reopen for the medical portion of Health and Welfare for each year of this agreement for the implementation of state-required changes, if appropriate.

Optional Benefit means the benefit plan option elected by a Participant with respect the Component Plans as described in Plan Article V.