Standard Form of Benefit definition

Standard Form of Benefit as to any Participant means semimonthly payments for a fifteen (15) year period.
Sample 1Sample 2Sample 3
Standard Form of Benefit as to any Participant means monthly payments for a ten (10) year period.
Sample 1Sample 2Sample 3
Standard Form of Benefit means the form of retirement benefit specified in Section 5.1.
Sample 1Sample 2

Examples of Standard Form of Benefit in a sentence

  • Payments from the Account shall be made in accordance with the Standard Form of Benefit.

  • The explanation will include: (i) the terms and conditions of the Standard Form of benefit;(ii) your right to make, and the effect of, an election to waive the Standard Form of benefit; (iii) your spouse’s rights; and (iv) your right to make, and the effect of, a revocation of an election to waive the Standard Form of Benefit.

  • Examples of Early Retirement Reductions and Postponed Retirement Increases NOTICE AND ELECTION OF FORM OF BENEFIT If you are married on your Normal Retirement Date, or on the date that you first become eligible for early retirement, the following will apply: (a) You will receive a written explanation of the Standard Form of Benefit within a reasonable period of time before you are first eligible for either benefit.

  • Payments from the Account shall be made in accordance with the Standard Form of Benefit for Participants who terminate employment on or after Normal Retirement Date or Early Retirement Date or are Disabled.

  • Payment of the Disability Retirement Benefit shall be made in the Standard Form of Benefit and shall begin in the first month following the participant’s Disability Retirement.

  • A Participant may revoke his or her option election at any time prior to his or her Annuity Starting Date and receive the Standard Form of Benefit.

  • The benefit shall be paid in the Standard Form of Benefit, in an amount determined under Sections 4.3 and 4.4. Benefits are calculated on the basis of a Participant's Normal Benefit Amount, as defined in the following paragraph.

  • Payment of the Early Retirement Benefit shall be made in the Standard Form of Benefit and shall begin on the first day of the month that is six months following the Participant's Early Retirement.

  • For purposes of this paragraph, the Qualified Joint & One-Half Survivor Annuity payable with respect to a Participant who is unmarried shall be the Standard Form of Benefit payable under Section 5.1. Notwithstanding the above, a Participant may elect (with any applicable spousal consent) to waive any requirement that the written explanation be provided at least 30 days before the annuity starting date if the distribution commences more than 7 days after such explanation is provided.

  • The annuity shall be for the life of the Participant’s surviving spouse with each semimonthly payment equal to fifty percent (50%) of the average amount which would have been payable to the Participant and his or her Beneficiary if, on the date benefits commenced, the Participant had received the Table of Contents Standard Form of Benefit payment.


More Definitions of Standard Form of Benefit

Standard Form of Benefit as to any Participant means semimonthly payments for a ten (10) year period.
Sample 1Sample 2
Standard Form of Benefit as to any Participant means semimonthly cash payments for a fifteen
Sample 1
Standard Form of Benefit as to any Participant, means an annuity providing monthly payments for the life of the Participant, with a ten (10) year minimum term, commencing on the first day of the first month in which such benefit is payable.
Sample 1

Related to Standard Form of Benefit

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

  • Coordination of Benefits or “COB” means a provision establishing an order in which plans pay their claims, and permitting secondary plans to reduce their benefits so that the combined benefits of all plans do not exceed total allowable expenses.

  • Assignment of Benefits means an arrangement whereby the Plan Participant assigns their right to seek and receive payment of eligible Plan benefits, in strict accordance with the terms of this Plan Document, to a Provider. If a provider accepts said arrangement, Providers’ rights to receive Plan benefits are equal to those of a Plan Participant, and are limited by the terms of this Plan Document. A Provider that accepts this arrangement indicates acceptance of an “Assignment of Benefits” as consideration in full for services, supplies, and/or treatment rendered.

  • 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.

  • Form of Agreement means the form of agreement contained in Part D of the RFP;

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Standard form contract means a financial contract that is substantially not negotiable for the Client, except for the terms contained in point 11.C.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

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

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

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Payment Schedule ’ means a schedule which sets out—

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

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

  • ATTACHMENT C STANDARD STATE PROVISIONS FOR CONTRACTS AND GRANTS

  • 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.

  • Form of Contract means the document comprising Section 1 of the Contract signed by or on behalf of the Parties confirming their willingness to enter into and be bound by the terms of the Contract.

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