Daily Allowance Insurance. The Employer concluded a collective daily allowance which covers temporary work incapacity due to illness. The insurance benefits replace the statutory duty of the Employer to continue to pay the Employee’s salary. If an Employee is prevented from performing the Employee’s duties arising out of or relating to the Employment due to illness, then the Employer will continue to pay the base salary pursuant to the collective daily allowance insurance (Krankentaggeldversicherung) of the Employer, provided that the conditions of the collective daily allowance insurance are being met and that the Employee complies with the conditions of the collective daily allowance insurance and with the directives of the Employer. In principle, the daily allowance insurance provides for the following coverage: After a waiting period of 30 days, 80 % of the Base Salary during up to 720 days within a time frame of 900 days. During the waiting period of 30 days 100% of the Base Salary according to section 5.1. is paid to the Employee.
Daily Allowance Insurance. The Employer maintains 100% of the Employee’s salary if the Employee is prevented from performing his duties arising out of or relating to the Employment due to illness (not deliberately self-inflicted by the Employee) or due to an accident (not deliberately self-inflicted by the Employee) as follows: during the 1st year of service: during 4 weeks from 2 years of service: during 9 weeks from 4 years of service: during 14 weeks during the 9th year of service: during 15 weeks from 10 years of service: during 17 weeks from 12 years of service: during 18 weeks for each additional year of service: 1 additional week per year The contributions corresponding to the daily allowance insurance, and accidents insurance can be set off by the Employer from the salary payments. Thereafter, the Employee may receive daily allowance insurance payments from the respective daily allowance insurer, provided that the conditions of the collective daily allowance insurance are being met and that the Employee complies with the conditions of the collective daily allowance insurance and with the directives of the Employer. Premiums for the daily allowance insurance are paid on half each by the Employer and the Employee.
Daily Allowance Insurance. If an Employee is prevented from performing the Employee’s duties arising out of or relating to the Employment due to illness (not deliberately self-inflicted by the Employee) or due to an accident (not deliberately self-inflicted by the Employee), then the Employer will continue to pay the base salary pursuant to the collective daily allowance insurance (Taggeldversicherung) of the Employer, provided that the conditions of the collective daily allowance insurance are being met and that the Employee complies with the conditions of the collective daily allowance insurance and with the directives of the Employer. In principle, the daily allowance insurance provides for the following coverage: 90% of the Base Salary during up to 730 days after a waiting period of 30 days. During the waiting period of 30 days 100% of the Base Salary according to Section 13.1 is paid to the Employee. The insurance premium for the daily allowance insurance is paid one half each by the Employer and the Employee.
Daily Allowance Insurance. The Company concluded a collective daily allowance which covers temporary work incapacity due to illness. The insurance benefits replace the statutory duty of the Company to continue to pay the Executive’s salary. If an Executive is prevented from performing the Executive’s duties arising out of or relating to the Employment due to illness, then the Company will continue to pay the base salary pursuant to the collective daily allowance insurance (Krankentaggeldversicherung) of the Company, provided that the conditions of the collective daily allowance insurance are being met and that the Executive complies with the conditions of the collective daily allowance insurance and with the directives of the Company. In principle, the daily allowance insurance provides for the following coverage: After a waiting period of 30 days, 80 % of the Base Salary up to CHF 400’000.– during up to 730 days. During the waiting period of 30 days 100% of the Base Salary according to Section 5.1. is paid to the Executive. After the waiting period, the Executive is not entitled to any remuneration (including his salary, bonus, flat expenses or private use of the company car, etc.) in addition to the insurance benefits. The insurance premium for the daily allowance insurance is paid by the Company.
Daily Allowance Insurance
