Split Dollar Insurance Benefit means the life insurance benefit payable to the Executive’s beneficiary in an amount as shown on Schedule A.
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.
Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.
Disability Benefit means the benefit set forth in Article 8.
Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.
Primary Social Security Benefit means, with respect to any member, the primary insurance amount
Annuity Benefit means a benefit payable by us as described in Part VII.
Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.
Termination Benefit means the benefit set forth in Article 7.
SERP has the meaning assigned thereto in Section 5(c) hereof.
Insurance Amount has the meaning set forth in Section 6.12(b).
Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.
SERP Benefit means the benefit described in Section 5.1.
Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.
Plan Benefit means the benefit payable to a Participant as calculated in Article V.
extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;
Medicare benefit means the Medicare benefit payable within the meaning of Part II of the Health Insurance Act 1973 with respect to a professional service.
Severance Benefit means the payment of severance compensation as provided in Article III.
Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.
Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.
Accidental death and dismemberment insurance or "AD&D" means basic accidental death and dismemberment (AD&D) insurance paid for by the employing agency, as well as supplemental accidental death and dismemberment insurance offered to and paid for by employees for them- selves and their dependents.
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).
Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:
Life Insurance Policy has the meaning given in Section 6.11.
Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.
Societal benefits charge means a charge imposed by an electric
Reimbursement insurance policy means a policy of insurance