Regular Benefit definition

Regular Benefit means such weekly benefit as is payable under Article VII of the Plan to an eligible employee for a week of layoff in which he performed no work for the Company, and received no Jury Duty, Bereavement or similar pay from the Company.

Regular Benefit means a benefit, other than an extended benefit, payable to an individual under this subtitle or another state unemployment compensation law, including a benefit payable to a federal civilian employee or an ex-service member under 5 U.S.C. Chapter 85.

Regular Benefit means the amount of pension benefits payable to, or with respect to, the Participant on account of the Participant's termination of employment, or normal, early or late retirement, which would require payment of pension benefits under the Pension Plan.

Examples of Regular Benefit in a sentence

• The Alternate Benefit shall be the Actuarial Equivalent of the Regular Benefit provided under paragraph 3(b).

• An Eligible Board Member for good cause may apply to the Board of any Adopting Fund for, and, at the discretion of such Board, may be granted, a retirement benefit (the "Early Benefit") which is the Actuarial Equivalent of the Regular Benefit or Alternate Benefit previously elected by such Eligible Board Member.

• No benefit shall be payable beyond the time that the employee no longer satisfies the disability requirement except that, if he/she remains on qualifying layoff under the SUB Plan, benefits shall be payable for remaining days in the same Week as defined in the SUB Plan for which he/she does not receive a Regular Benefit.

• Benefits start on the first day following the last day for which a Regular Benefit was payable to the employee if he/she was receiving Regular Benefits immediately prior to his/her becoming disabled, otherwise on the first day of qualifying disability.

• Any current employee who was a member under a plan which provided benefits under the 1/50 or 1/60 formula with a cost of living adjustment may elect to be under Regular Benefit Plan A and any current employee who was under a plan which provided benefits under the 1/50 or 1/60 or 1/70 formula without cost of living adjustments may elect to be under Regular Benefit Plan AN.

• Regular Benefit Plan AC may be elected by any participating local district or local district.

• This benefit plan is the same as Regular Benefit Plan AC, except that there is no provision for cost of living adjustments.

• The Alternate Benefit shall be the actuarial equivalent of the Regular Benefit provided under paragraph 2(b).

• The requirements for a member to qualify for a service retirement benefit under this paragraph are exactly the same as under Regular Benefit Plan AC - subsection 1, paragraphs B and B-1.

• Regular Benefit Plan AN may be elected by any participating local district or local district.

More Definitions of Regular Benefit

Regular Benefit means a benefit payable under section

Regular Benefit means a weekly benefit payable under Section 1 of Article II (See definition of “Benefit”);

Regular Benefit means an amount equal to 6 percent of a Participant’s Compensation for the Plan Year to which the benefit relates, taking into account only that portion of the Participant’s Compensation earned while he or she is a Participant; and

Regular Benefit means the Benefit payable to an eligible Employee for a Week of layoff in which he performed no work for the Company and received no

Regular Benefit or ‘Weekly Supplemental Benefit” means a Weekly Benefit as is payable under Article VII, Section of this plan.

Regular Benefit or “Regular Annuity” means the form of benefit payable under the plan and is a straight lifetime annuity payable in equal monthly installments.