Past Benefit definition

Past Benefit means a policy, procedure or practice which has been continuous and which does have a cost factor to the City and/or a monetary benefit to a member.
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Past Benefit shall be a policy, procedure or practice which has been continuous and is known and sanctioned by the Chief of Police and which has a cost factor to the Administration and/or a monetary benefit to an Employee.
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Examples of Past Benefit in a sentence

  • To the extent applicable, to the Knowledge of the Company, the Current Benefit Plans now comply, and the Past Benefit Plans did comply when they were in effect, in all material respects with the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and the Code.

  • Past Benefit Service is service which may be credited to you for work performed for an Employer before the Employer began making contributions to the Plan on your behalf.

  • There are two kinds of Vesting Service – Past Vesting Service and Future Vesting Service.Past Vesting Service You receive one year of Past Vesting Service for each year you receive credit for Past Benefit Service, if contributions were made to the Plan for your work on or after March 1, 1976.

  • Past Benefit Service You are eligible for Past Benefit Service only if you were employed on either March 11, 1957 or March 11, 1959 by an Employer who was a party toa collective bargaining agreement with the Union dated on that date, which provided for contributions to be made to the Plan on your behalf.

  • Company Plan" shall mean any Current Benefit Plan or Past Benefit Plan of the Company or any of its subsidiaries.

  • Joseph “rectif[ied] imprecisions” in our preservation and waiver jurisprudence, and clarified too the oft-overlooked distinction between “issues” and “arguments,” at least as we use those terms in this Circuit.

  • You receive one year of Past Benefit Service for each full year of your continuous membership (including membership while in the military service) in the Union prior to March 11, 1958 or March 11, 1960, respectively, up to a maximum of 15 years.

  • For a period prior to January 1, 2003, a Covered Vested Employee or a Covered Non-Vested Employee (both as defined in Supplement F) will be deemed to have Service with a Participating Employer if ‘Earnings’ were being taken into account for such period under the GPU Plan (as defined in Supplement F).” SF-8ARTICLE SF3 PAST SERVICE SF3.1 Years of Past Benefit Service.

  • In Appendix E, special rules that apply to Past Benefit Service granted before July 1, 2001 are described.

  • If the Trustees grant Past Benefit Service for the new group, you will receive credit for one Year of Past Benefit Service for each Year of Contributory Benefit Service you earn after the employer begins making Contributions to the Pension Trust on your behalf, not to exceed your Past Vesting Service.

Related to Past Benefit

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

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

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

  • SERP Benefit means the benefit described in Section 5.1.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • 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).

  • 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.

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

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

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

  • 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.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

  • 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.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • relevant benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Actuarial equivalent means a benefit of equal value when

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).