provide a benefit
11Corporate benefit — (sometimes referred to as commercial benefit) is the requirement under some legal systems that the directors of a company must exercise the powers [For these purposes, it is important to remember the distinction between objects (what the company… …
12Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both …
13Public benefit corporation — A public benefit corporation is a public corporation chartered by a state designed to perform some public service. A public authority is a type of public benefit corporation that takes on a more bureaucratic role, such as the maintenance of… …
14funded unapproved retirement benefit scheme — funded unapproved retirement benefit schemes (FURBS) 1) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were… …
15funded unapproved retirement benefit schemes — (FURBS) 1) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were caught by the pensions cap. No new FURBS can be… …
16employee welfare benefit plan — USA A plan, fund or program established or maintained by an employer or an employee organization or both. The purpose of an employee welfare benefit plan is to provide non retirement oriented benefits, through insurance or otherwise, such as: •… …
17419(e) Welfare Benefit Plans — A type of employer sponsored employee welfare benefit plan. 419(e) welfare benefit plans qualify under paragraph (e) of Section 419 of the Internal Revenue Code. They provide a range of benefits to employees, such as life, health, disability,… …
18Family Income Benefit Insurance — pays a monthly income if the policyholder dies whilst the policy is in force. The monthly income will continue at the level specified in the policy until the policy s termination date. These payments can either be index linked to rise to in line… …
19Target Benefit — A Target Benefit plan is a defined contribution plan designed to provide benefits that would match a defined benefit plan at normal retirement age. For example, if the defined benefit plan being Targeted has a benefit of 1.5% of the final salary… …
20fraternal benefit society benefits — Benefits, often group life insurance, fraternal societies provide to their members. The Elks, Masons, or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society, or mutual aid… …
