Common use of Income Protection Clause in Contracts

Income Protection. All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments (for the current table of benefits, contact Incolink) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). At commencement of this Agreement the Company will contribute $7.00 per week per employee towards the cost of such insurance, with the contribution rising to $8.50 per employee per week from 1 March 2006, the table of benefits to be increased in consequence of the increased payment. To maintain this cover the Company agrees to pay the amounts every week for each employee. In the event the Company does not maintain the above policy, the Company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

Income Protection. All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments (for the current table of benefits, contact Incolink) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). At commencement of this Agreement the Company will contribute $7.00 8.50 per week per employee towards the cost of such insurance, with the contribution rising to $8.50 per employee per week from 1 March 2006, the table of benefits to be increased in consequence of the increased payment. To maintain this cover the Company agrees to pay the amounts every week for each employee. In the event the Company does not maintain the above policy, the Company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

Income Protection. All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments (for the current table of benefits, contact Incolink) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). At commencement of this Agreement the Company will contribute $7.00 per week per employee towards the cost of such insurance, with the contribution rising to being $8.50 per employee per week from 1 March 2006week, the table of benefits to be increased in consequence of the increased payment. To maintain this cover the Company agrees to pay the amounts every week for each employee. In the event the Company does not maintain the above policy, the Company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.