Terminal Benefits definition

Terminal Benefits means the gratuity, pension, dearness and other terminal benefits to the personnel and existing pensioners.
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Terminal Benefits means the gratuity, pension, dearness and other applicable allowances, medical benefit, and other applicable benefits including the right to have the appropriate revisions in the above benefits consistent with the practice that were prevalent in the Board;
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Terminal Benefits means the gratuity (including service gratuity, retirement gratuity/ death gratuity and residuary gratuity), pension (including commutation of pension, restoration of pension, additional pension, family pension, revisions etc.) and the dearness relief thereon, medical benefits and other applicable benefits including arrears, but shall not include the leave encashment payable at the time of retirement as it shall form part of salary expenses;
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Examples of Terminal Benefits in a sentence

  • Employee Terminal Benefits End of service benefits are accrued in accordance with the terms of employment of the Bank’s employees at the balance sheet date, having regard to the requirements of the Oman Labour Law 2003.

  • Hon’ble Commission has notified the “MPERC (Terms & Conditions for allowing Pension and Terminal Benefits liabilities of personnel of Board and successor Entities) Regulations, 2012 (G-38 of 2012)” on 20th April 2012.

  • These norms exclude Pension, Terminal Benefits and arrears, if any, to be paid to employees, taxes payable to the Government and fee payable to MPERC.

  • These norms for O&M exclude Pension and Terminal Benefits, EL encashment, and arrears to be paid to employees, taxes payable to the Government, and fees payable to MPERC.The generating company shall claim the rate, rent & taxes payable to the Government, cost of chemicals and consumables, fees to be paid to MPERC, EL encashment and any arrears paid to employees separately as actual.

  • Terminal Benefits/ Severance payThis is determined on need – basis.

  • These norms exclude Pension, Terminal Benefits, Incentive and Arrears to be paid to employees, taxes payable to the Government and fee payable to MPERC.

  • These norms exclude Pension, Terminal Benefits and Incentive, arrears to be paid to employees, taxes payable to the Government, and fees payable to MPERC.

  • The employee expenses comprise the sub-heads of expenditure, i.e. Basic Salary, Dearness Allowance, Overtime, Other Allowances, Earned Leave Encashment, Staff Welfare and Other Expenses, Terminal Benefits, Provident fund contribution, Gratuity payments and Leave encashment on retirement.

  • Non-Payment of Legally Mandated Terminal Benefits Legal RequirementsHonduran law establishes that workers are entitled to certain benefits at the end of employment.

  • On Cori, we used 16 MPI ranks per node, and on Summit, 32 MPI ranks per node for these runs.


More Definitions of Terminal Benefits

Terminal Benefits means those monetary and non-monetary benefits to which civil servants, officials and employees are entitled on termination of service including severance compensation where applicable and transport to place of original domicile; “The Minister” means the Minster responsible for the Civil Service of the Government;
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Terminal Benefits means the gratuity, pension (including family pension), leave encashment, general provident fund, voluntary retirement scheme benefits and any other retirement benefits, dearness and other applicable allowances, medical benefit, and other applicable benefits including any other benefit/ allowance extended after the Appointed date to the Government
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Terminal Benefits means the GPF(FW),GSS, Gratuity, Pension, Dearness Allowance, Leave Encashment and other applicable benefits including the right to have the appropriate revisions in the above benefits consistent with the practice that were prevalent in the Board.
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Terminal Benefits means the gratuity, pension and other terminal benefits to the Personnel and existing Pensioner.
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Terminal Benefits. The entire Outstanding Amount, shall be payable by the BORROWER/S to LICHFL, if the BORROWER/S opts for any scheme or accepts any offer from his employer providing any benefit on resigning or retiring from the employment prior to superannuation or upon the employer terminating his employment for any reason or upon the BORROWER/S resigning or retiring from the service of the employer for any reason whatsoever. The outstanding dues may be paid from the amount or amounts receivable by him from the employer under such scheme or offer or any terminal benefit as the case may be. Provided however in the event of the said amount or amounts being insufficient to repay the said sums to LICHFL in full, the unpaid amount remaining due to LICHFL shall be paid by the BORROWER/S in such manner as LICHFL may in its sole discretion decide and the payment will be made by the BORROWER/S accordingly. LICHFL is irrevocably authorized to communicate with and receive the said amounts from the employer of BORROWER/S directly. The BORROWER/S shall also authorize his employers to pay its terminations/retirement benefits direct to LICHFL and shall give discharge to his employers for the payment so made direct, to LICHFL.
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Terminal Benefits means the Kerala State Electricity Board’s employee-related liabilities, payments of pension, gratuity, leave encashment, general provident fund and any other retirement benefits and other applicable benefits including the right to have appropriate revisions in the above benefits consistent with the practices that were prevalent in the erstwhile Board;
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Related to Terminal Benefits

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Additional Benefits means quantifiable and verifiable enhancement of conservation of biodiversity and/or improvement of local livelihoods realized as a result of implementation of the REDD activities;

  • 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:

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Termination Benefits means the benefits described in Section 4.1(b).

  • 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;

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Mutual Benefits means the transient and steady-state support that the integrated generation and Transmission Systems in PJM and New York provide to each other inherently by virtue of being interconnected as described in Section 35.4 of this Agreement.

  • Employment benefits means all benefits provided or made

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Access Compensation is the compensation paid by one Party to the other Party for the origination/termination of intraLATA toll calls to/from its End User. Access compensation is in accordance with the LEC’s tariffed access rates.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • 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.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

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

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Benefits as defined in Section 3.1(b).

  • 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.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Change in Control Benefits means the following benefits: