Common use of Benefits under the Long Clause in Contracts

Benefits under the Long. Term Disability plan shall include annual adjustments effective January 1, for Employees who have received twenty-four (24) payments in the period prior to January 1. The formula for adjustment shall be C.P.I. (Canada Wide 1986 = 100) from September to September minus one percent (1%) with a maximum adjustment to payments of four percent (4%).

Benefits under the Long. Term Disability plan shall include annual adjustments effective January 1, for Employees who have received twenty-four (24) payments in the period prior to January 1. The formula for adjustment shall be C.P.I. (Canada Wide 1986 = 100) )* from September to September minus one percent (1%) with a maximum adjustment to payments of four percent (4%)) in any one year. There will be no "double indexing".