Supplemental Life Insurance Benefit definition

Supplemental Life Insurance Benefit means 1.9.
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Supplemental Life Insurance Benefit means 1.8. “Supplemental Severance Multiplier Percentage” means 80%.
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Supplemental Life Insurance Benefit means ____.
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Examples of Supplemental Life Insurance Benefit in a sentence

  • On each of the next four (4) anniversaries the Supplemental Life Insurance Benefit will be reduced by the same dollar amount.

  • When the retiree attains age sixty (60), the retiree's total life insurance benefit shall be reduced by fifteen percent (15%) of the original face value per year, to a residual of twenty-five percent (25%) by reducing the Supplemental Life Insurance Benefit by twenty percent (20%) on the first day of the calendar month coinciding with or next following the date of his/her attainment of age sixty (60).

  • Supplemental Life Insurance Benefit 1X-10X annual basic pay, max $7M basic + supp; Employee paid; smoker/nonsmoker rates.

  • The Supplemental Life Insurance Benefit provides life insurance for you, in addition to the Life Insurance Benefit provided by the Employer.

  • When the retiree attains age sixty (60), the retiree's total life insurance benefit shall be reduced by fifteen percent (15%) of the original face value per year, to aresidual of twenty-five percent (25%) by reducing the Supplemental Life Insurance Benefit by twenty percent (20%) on the first day of the calendar month coinciding with or next following the date of his/her attainment of age sixty (60).

  • PLAN - This Supplemental Life Insurance Benefit as effective September 15, 1996.

  • The Company offers a Supplemental Life Insurance Benefit that provides life insurance in excess of the Life Insurance Benefit provided for you by the Company.

  • In regard to the Supplemental Life Insurance Benefit and Supplemental Benefit, your “Eligible Dependents” are defined as (i) your lawful Spouse including same sex determined under Federal law and (ii) your child who is 19 years old or younger, or 25 years old or younger and a full-time student in an accredited institute of higher education (in which case coverage will extend to the date on which such child attains age 19, 25, or is no longer a full-time student).

  • The Supplemental Life Insurance Benefit is more fully described in that booklet and contract.

  • Supplemental Life Insurance Benefit Plan PREAMBLE The purpose of this Supplemental Life Insurance Benefit Plan ("Plan") is to provide a supplemental life insurance benefit to a select group of management or highly compensated employees of Egghead, Inc.

Related to Supplemental Life Insurance Benefit

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

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

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • 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.

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

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

  • 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.

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

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

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

  • SERP Benefit means the benefit described in Section 5.1.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Insurance Amount has the meaning set forth in Section 6.12(b).

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

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

  • 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.

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

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

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

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

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Continuing care retirement community means a residential

  • Disability Benefit means the benefit set forth in Article 8.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).