BENEFIT DURATION Sample Clauses

The "Benefit Duration" clause defines the specific period during which a party is entitled to receive certain benefits under an agreement. Typically, this clause outlines the start and end dates for benefit eligibility, such as the length of time an employee may receive health insurance coverage or severance payments after termination. By clearly establishing the timeframe for benefits, this clause ensures both parties understand the limits of their obligations and entitlements, thereby preventing disputes over the continuation or cessation of benefits.
BENEFIT DURATION. Such payments shall continue to be drawn against available credits in the Bank during such disability so long as credits remain available under the Bank and the member remains eligible for benefits provided that: (i) No member shall be entitled to draw benefits under this Bank after he/she has attained the tenure or age that would entitle him/her to an OMERS pension without actuarial reduction or an unreduced pension under the Metropolitan Toronto Pension Plan.
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BENEFIT DURATION. Such payments shall continue to be drawn against available credits in this Bank during such disability so long as credits remain available under the Bank and the member remains eligible for benefits provided that: (i) No member shall be entitled to draw benefits under this Bank after he/she has attained the tenure or age that would entitle him/her to an ▇▇▇▇▇ pension without actuarial reduction or to an unreduced pension under the Metropolitan Toronto Police Benefit Fund. A member will not lose his entitlement to receipt of benefits hereunder by reason only that the member is entitled to a pension under the Police Benefit Fund because the member has completed 25 to 29 years of credited service.
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BENEFIT DURATION. The Employer agrees to supplement employment insurance benefits for a maximum of seventeen (17) weeks or for the health-related portion of the employee’s maternity leave, whichever is less. The employee shall not be entitled to any supplementation of employment insurance benefits for any period during which the employee would not have taught but for being on maternity leave.
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BENEFIT DURATION. The Board agrees to supplement employment insurance benefits for a maximum of seventeen (17) weeks or for the health related portion of the employee’s maternity leave, whichever is less. The employee shall not be entitled to any supplementation of employment insurance benefits for any period during which the employee would not have taught but for being on maternity leave.
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BENEFIT DURATION. The employer agrees to implement a SUB Plan for fifteen (15) weeks. The employee shall not be entitled to any supplementation of E.I. benefits for any period during which the employee would not have been actively at work but for being on maternity leave. SUB for teachers shall be based on 11200 of annual salary for each teaching day with adjustments as appropriate according to Section 111 of the School Act.
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BENEFIT DURATION. The Plan will provide up to 52 weeks of benefits while disabled for employees with less than one year of service prior to the start of the disability and up to 104 weeks for employees with one or more years of service prior to the start of the disability.
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BENEFIT DURATION. The School Division agrees to supplement employment insurance benefits for a maximum of seventeen (17) weeks or for the health related portion of the employee’s maternity leave, whichever is less. The employee shall not be entitled to any supplementation of employment insurance benefits for any period during which the employee would not have taught but for being on maternity leave.
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BENEFIT DURATION. Payment of LTD benefits shall continue so long as the employee remains eligible for benefits provided that: (i) the employee is not eligible for an unreduced pension; (ii) If an employee engages in rehabilitative employment directly following any period of disability for which benefits have been paid from the Plan, the amount of monthly benefits will be directly reduced by 50 per cent of the compensation received. In no event must the sum of the rehabilitative payment and the employee’s monthly benefits exceed 100 per cent of gross earnings. If such sum exceeds the employee’s monthly salary prior to disability, the monthly benefits will be reduced by the amount of such excess. The employee may continue to receive monthly benefits for up to a maximum period of 24 months, while at the same time receiving the rehabilitation
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BENEFIT DURATION. The Company’s obligation to pay benefits under this section 2 shall terminate on the first to occur of (w) the date the Executive becomes eligible for medical and dental coverage under another medical insurance plan, whether purchased independently by the Executive or provided by another employer, (x) the Executive’s attainment of age 60, (y) the Executive’s death, or (z) the second anniversary of the Executive’s employment termination. Termination of benefits under this section 2 shall not, however, relieve the Company of its obligation to make a reimbursement payment due but not yet paid to the Executive. This section 2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the Company’s or subsidiary’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical benefits.
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Related to BENEFIT DURATION

  • Benefit Period Following the Qualifying Period you will receive a monthly income until the earlier of: (i) Attainment of age 65 (ii) Cessation of total disability (iii) Attainment of date of retirement

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Benefit Limit The benefit limitations of this Section 10 shall be applicable in the event the Executive receives any benefits that are deemed to constitute parachute payments under Code Section 280G. In the event that any payments to which the Executive becomes entitled in accordance with the provisions of this Agreement (or any other benefits to which the Executive may become entitled in connection with any change in control or ownership of the Company or the subsequent termination of the Executive’s employment with the Company) would otherwise constitute a parachute payment under Code Section 280G, then such payments and benefits shall be subject to reduction to the extent necessary to assure that the Executive receives only the greater of (i) the amount of those payments or benefits which would not constitute such a parachute payment or (ii) the amount of the benefits after taking into account any excise tax imposed on the payments provided to the Executive under this Agreement (or on any other benefits to which the Executive may become entitled in connection with any change in control or ownership of the Company or the subsequent termination of his or her employment with the Company) under Code Section 4999. Should a reduction in benefits be required to satisfy the benefit limit of this Section 10, then the Executive’s cash severance payments under Section 5 shall accordingly be reduced (with such reduction to be effected pro-rata to each payment) to the extent necessary to comply with such benefit limit. Should such benefit limit still be exceeded following such reduction, then the number of shares as to which any Equity Award would otherwise vest on an accelerated basis in accordance with the terms of the award shall be reduced (based on the value of the parachute payment attributable to such Equity Award under Code Section 280G) to the extent necessary to eliminate such excess.