Common use of AMOUNTS OF BENEFITS Clause in Contracts

AMOUNTS OF BENEFITS. (a) Benefits will be paid at the rate of 100% of the contract day rate for the disabled employee for a maximum of 26 weeks. Thereafter, if eligible, benefits will be paid to regular employees by the insurer, with two or more years of continuous service at the rate of 60% of the contract day rate in effect on the last day of his/her 26th week of disability until age 65, and such benefits will be paid monthly.

Appears in 2 contracts

Samples: Supplemental Agreement, Agreement

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AMOUNTS OF BENEFITS. (a) Benefits will be paid at the rate of 100% of the contract day rate for the disabled employee for a maximum of 26 weeks. Thereafter, if eligible, benefits will be paid to regular employees by the insurer, insurer with two or more years of continuous service at the rate of 60% of the contract day rate in effect on the last day of his/her 26th week of disability until age 65, and such benefits will be paid monthly.

Appears in 1 contract

Samples: Agreement

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AMOUNTS OF BENEFITS. (a) Benefits will be paid at the rate of 10075% of the contract day rate for the disabled employee for a maximum of 26 weeks. Thereafterweeks of absence, if eligible, benefits will be paid to regular employees by the insurer, with two or more years including any unpaid days of continuous service at the rate of 60% of the contract day rate in effect on the last day of his/her 26th week of disability until age 65, and such benefits will be paid monthlyabsence.

Appears in 1 contract

Samples: Agreement

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