Common use of Funeral Benefit Clause in Contracts

Funeral Benefit. Rehabilitation Benefit The cost of the insurance as stated in the policy schedule (including all statutory charges and administration fees) will be borne by the employer. The cover provided under the standard policy of insurance covers an insured person 24 hours a day, 365 days a year. As a consequence, the premium (which is expressed as a percentage (%) of Earnings) is to be applied to the employee’s base rate of pay as defined in the policy schedule. In the event that the premium is calculated as an Annual Premium payable weekly, the premium Paid will apply to every week the employee is employed by the employer which will include the period the employee is on annual leave or sick leave. The Employer agrees to pay the premium monthly (or on a 4 or 5 week cycle), no later than the 15th day of the month following the period covered by the prior declaration of employees covered under the policy. The declaration of employees will include all current and new employees covered under this agreement for the period covered by the declaration. In the event that the employer fails to enrol an employee/s, is tardy in the enrolment of employees, or does not maintain the above policy, the employer will be totally liable (after fulfilling the premium obligation to the insurer) to pay full wages for up to the 104- week period and/or equivalent benefits to the employee/s.