Common use of Calculation of IPP Benefits Clause in Contracts

Calculation of IPP Benefits. For Income Protection purposes an employee’s earnings shall be defined as the basic earnings immediately prior to the commencement of the disability, or until the expiry of a temporary assignment. The employee shall not lose any salary increment or negotiated settlement increase that would have been paid had the employee not been receiving Income Protection benefits.

Calculation of IPP Benefits. For Income Protection purposes purposes, an employee’s earnings shall be defined as the basic earnings immediately prior to the commencement of the disability, or until the expiry of a temporary assignment. The employee shall not lose any salary increment or negotiated settlement increase that would have been paid had the employee not been receiving Income Protection benefits.