Group Insurance and Weekly Indemnity Benefits. Weekly Indemnity benefits shall be paid commencing on: 1. The first (1st) day of hospitalization due to nonoccupational accident or sickness, or 2. The fourth (4th) day of absence due to sickness or nonoccupational accident with a twenty-six (26) week benefit period. Weekly Indemnity payments shall be in the amount of seventy-five percent (75%) of an employee's straight-time rate of pay. Group Life Insurance shall be a minimum of fifty thousand dollars ($50,000.00). Where Group Life Insurance Plans have coverage in excess of fifty thousand dollars ($50,000.00), then such Plans shall continue in force during the currency of this Collective Agreement.
Appears in 4 contracts
Samples: Collective Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
