Common use of Group Long Term Disability Clause in Contracts

Group Long Term Disability. The Board shall provide all administrators with long-term disability insurance. Gross Monthly Indemnity = 66 2/3% of the insured’s basic monthly salary – monthly salary calculation maximum of $12,000 – with a maximum monthly disability income benefit limit of $8,000. Elimination Period - Sixty (60) calendar days or accumulated sick leave, whichever is greater. The Board agrees to protect administrators covered under these conditions of employment for the sixty (60) calendar day elimination period prior to LTD, if approved for LTD, when they have exhausted their sick days by granting said administrator enough additional sick days to cover the elimination period. Maximum Income Period - for total disability due to accidental injury to insured’s age sixty-five (65).** Survivor benefits: If the insured employee is eligible to receive Long-Term Disability benefits under this plan and subsequently dies, benefits shall continue to be paid to the deceased employee’s eligible survivor for a period not to exceed six (6) months. The survivor benefit will equal 66 2/3% of the benefit otherwise payable to the employee before any reduction due to other benefits as described in the Monthly Benefit Section. *During the two-year probationary period, this benefit is given at the discretion of the superintendent. The Maximum Income Period will not be less than twelve (12) months. Insurance will terminate the date of cessation of active membership as an employee in an eligible class.

Group Long Term Disability. The Board shall provide all administrators with long-term disability insurance. Gross Monthly Indemnity = 66 2/3% of the insured’s basic monthly salary – monthly salary calculation maximum of $12,000 10,605 – with a maximum monthly disability income benefit limit of $8,0007,000. Elimination Period - Sixty (60) calendar days or accumulated sick leave, whichever is greater. The Board agrees to protect administrators covered under these conditions of employment for the sixty (60) calendar day elimination period prior to LTD, if approved for LTD, when they have exhausted their sick days by granting said administrator enough additional sick days to cover the elimination period. Maximum Income Period - for total disability due to accidental injury to insured’s age sixty-five (65).** Survivor benefits: If the insured employee is eligible to receive Long-Term Disability benefits under this plan and subsequently dies, benefits shall continue to be paid to the deceased employee’s eligible survivor for a period not to exceed six (6) months. The survivor benefit will equal 66 2/3% of the benefit otherwise payable to the employee before any reduction due to other benefits as described in the Monthly Benefit Section. *During the two-year probationary period, this benefit is given at the discretion of the superintendent. The Maximum Income Period will not be less than twelve (12) months. Insurance will terminate the date of cessation of active membership as an employee in an eligible class.