Benefit Schedule Clause Samples
A Benefit Schedule is a clause that outlines the specific benefits, coverage limits, and payment amounts provided under an insurance policy or employee benefits plan. It typically lists each type of benefit, such as medical procedures, hospital stays, or prescription drugs, along with the maximum amounts payable or percentage of costs covered. By clearly detailing what is covered and to what extent, the Benefit Schedule ensures transparency for policyholders or employees and helps prevent disputes over benefit entitlements.
Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated below: Effective no later than days from the date of ratification of this agreement, of the employee's basic monthly earnings, to a monthly benefit maximum. Amounts of employee's monthly benefit which are not integral multiples of are rounded to the next higher dollar. All benefit coverage provided by Article of the Collective Agreement will continue while receiving payments on the plan.
Benefit Schedule. This is for illustration purposes, please refer to the policy wording for full details.
Benefit Schedule. A (Percentage of Compensation) B Year of Service First year of eligible for After first year in Wakulla Normal Retirement, Death eligible for School of employee, Early Retirement, Normal Retirement System Disability Retirement 1-3 35% 17.5% 4-6 40% 20.0% 7-9 45% 22.5% 10-15 50% 25.0% 16 & above 94% 50.0%
Benefit Schedule. Benefits payable under this Plan shall be those statutory taxable and non-taxable benefits set forth in the Benefit Schedule that is attached to this Plan as Exhibit A.
Benefit Schedule. LOCAL UNION May 1, 2019 May 1, 2020 May 1, 2021 721 – Toronto $ 3.30
Benefit Schedule. Effective for Employees hired after July 1, 1992 Part-time employees must be eligible for state retirement before they are eligible to receive benefits at a percentage rate based on an eight-hour day. Employees will be placed in a group at the beginning of each fiscal year. Placement in a group will be based on the hours worked during the last fiscal year, or if no history, on expected hours. 1993 Employees will receive holiday pay if they work the workday before and the workday after the holiday, with the exception of holidays specifically named as paid holidays. (2005) ESP hired prior to July 1, 1992, will qualify for full-negotiated health benefits, provided they continue to be eligible under the 1992 South Dakota Retirement System guidelines.
Benefit Schedule a. When a bargaining unit member is approved for participation in the retirement incentive program as specified above, the employee will receive a one-time stipend of 10% of the final base salary the month following the retirement date. An amount equal to the final base salary will be paid in equal monthly payments over the four-year period beginning the month following the retirement date (48 monthly payments).
b. A stipend at retirement equal to four annual installments of the CIP (College Insurance Plan) indemnity plan annual rate divided by 69%, readjusted annually according to the new yearly rate. The initial stipend will be based on the July 1 rate closest to the retiree’s retirement date.
c. Retirees may choose to remain in the Parkland Health Care Plan as required by COBRA.
d. Should the CIP Plan be discontinued, eligible retirees would be allowed to reinstate coverage under the Parkland Plan.
e. Upon the death of the participant prior to payment in full of the deferred benefit, such benefit shall be payable to the participant’s surviving spouse, or, if there is no surviving spouse, to a designated beneficiary or the participant’s estate.
Benefit Schedule. The Employer and employees shall pay the benefits as per the PEBT Guidelines. Benefits covered in this Article will commence the first of the month after completion of the probation period unless otherwise provided for in this Agreement.
Benefit Schedule. This Article is not applicable to Nurses who elect the FLEXability Benefits Program.
Benefit Schedule. Effective for Employees hired after July 1, 1992 Certified with contracts (part-time contract = part-time benefits) Holiday C Vacation C Sick Leave Y Health Insurance Y Personal Leave Y Maternity Leave Y Bereavement Leave Y Jury Duty Y Civic Duty Leave Y Professional Leave Y C=covered by a contract, Y=yes, N=no Part-time employees must be eligible for state retirement before they are eligible to receive benefits. Once they are eligible, they shall receive those benefits at a percentage rate based on an eight-hour day.