Common use of Group Income Protection Clause in Contracts

Group Income Protection. If the Executive is unable by reason of illness or injury, to perform the material or substantial parts of his duties hereunder, following a period of absence from work in excess of 26 consecutive weeks, the Executive will be eligible to be considered for a monthly payment equivalent to 50 per cent of monthly Basic Salary. In the event of such payment, the pension allowance will continue to be payable, subject to a cap of 35 per cent. of the Executive’s annual Salary.

Group Income Protection. If the Executive is unable by reason of illness or injury, to perform the material or substantial parts of his duties hereunder, following a period of absence from work in excess of 26 consecutive weeks, the Executive will be eligible to be considered for a monthly payment equivalent to 50 per cent cent. of monthly Basic Salary. In the event of such payment, the Executive’s total annual pension allowance as set out at clause 3.3 will continue to be payable, subject to a an overall cap of 35 per cent. of the Executive’s annual Salary.

Group Income Protection. If the Executive is unable by reason of illness or injury, to perform the material or substantial parts of his duties hereunderhis/her duties, following a period of absence from work in excess of 26 consecutive weeks, the Executive will be eligible to be considered for a monthly payment equivalent to 50 per cent cent. of monthly Basic SalaryBase Salary for some or all of his/her on-going absence. In the event of such payment, the Executive's total annual pension allowance as set out at clause 3.1.10 will continue to be payable, subject to a proportionate reduction and, therefore, an overall reduced cap of 35 15 per cent. of the Executive’s annual Salary.of

Group Income Protection. If the Executive is unable by reason of illness or injury, to perform the material or substantial parts of his duties hereunder, following a period of absence from work in excess of 26 consecutive weeks, the Executive will be eligible to be considered for a monthly payment equivalent to 50 per cent cent. of monthly Basic Salary. In the event of such payment, the pension allowance will continue to be payable, subject to a cap of 35 per cent. of the Executive’s annual Salary.