Waiver benefit definition

Waiver benefit means a waiver of the monthly deductions made under and individual life insurance policy where monthly deductions are applicable.
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Waiver benefit means the waiver of Premium due for a Covered Person under the certificate.
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Waiver benefit means a waiver of premium due for an insured Certificateholder under the policy or certificate.
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Examples of Waiver benefit in a sentence

  • For example, if the amount paid to the CMHSP for DD Children’s Waiver services does not meet the cost and GF funding is used to supplement the DD Children’s Waiver reimbursement, this amount should be reported with the DD Children’s Waiver benefit plan.

  • The PIHPs with affiliate CMHSPs and/or contracts with CAs for the provision of the Adult Benefit Waiver benefit will report summary level revenue and expenditure information in separate columns for each contract.

  • Premium Waiver benefit Provides a lump sum payment equal to 6 months of the member’s medical scheme contribution and Gap Cover premiums.

  • Waiver benefit payments shall be made beginning in the first pay period after the first full calendar month for which an employee has in fact waived a coverage and shall be paid pro rata.

  • The Disability Waiver benefit amount reinsured shall, at the Ceding Company's option, be supplied to Cologne by the Ceding Company for at least ten policy years at a time, or else determined by Cologne from the Ceding Company rate materials in its possession, using any reasonable approximations that may be necessary.

  • Premium Waiver benefitThe Premium Waiver benefit enables dependants to remain covered for a period of 6 months post the death of the Principal Member.

  • Eligible employees who do not wish to take advantage of the Fee Waiver benefit may transfer the benefit to a spouse, domestic partner, or dependent child, in accordance with the appropriate bargaining unit contract.

  • The Disability Waiver benefit amount shall, at the Company's option, be supplied to the Reinsurer for at least ten (10) policy years at a time, or else determined by the Reinsurer from the Company rate materials in its possession, using any reasonable approximations that may be necessary.

  • It is not anticipated that indirect central service costs will be affected by changes made to the Level One Waiver benefit package.

  • Test-anxiety is regarded as the most prevalent among all psychological disorders (Janzen, 2005), and it is spread by about 20% among all people (Al-Hajjawi, 2004) which called researchers to investigate it for its effects on the security and safety of society and for its relation to many life aspects (Al- Rifaa'i , 1987), and in particular, its relation to the educational field, which was recognized from the 1950s by scientists through the relation between anxiety and achievement.


More Definitions of Waiver benefit

Waiver benefit means the amount waived by the Dealer/Assignee pursuant to the terms of the Addendum.
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Waiver benefit means any one of the following Waivers: Super Collision Damage Waiver or Super Theft Loss Waiver.
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Related to Waiver benefit

  • Other Benefits as utilized in this Section 6(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by the Company and the Affiliated Companies to disabled executives and/or their families in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive's family, as in effect at any time thereafter generally with respect to other peer executives of the Company and the Affiliated Companies and their families.

  • 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).

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

  • Other Benefit Obligations means all obligations, arrangements, or customary practices, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans. Other Benefit Obligations include consulting agreements under which the compensation paid does not depend upon the amount of service rendered, sabbatical policies, severance payment policies, and fringe benefits within the meaning of IRC Section 132.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • 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.

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

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

  • SERP Benefit means the benefit described in Section 5.1.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

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

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

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

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

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

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

  • Accrued Benefit have the meanings specified in ERISA.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • 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.

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

  • 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;

  • 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.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

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