Common use of Income Replacement Entitlement Balance as of Clause in Contracts

Income Replacement Entitlement Balance as of. the last day prior to the implementation of the Income Protection and Long Term Disability Plans, shall be determined in accordance with the following schedules less any reductions provided for under the terms of the Income Replacement Plan or as specifically provided for in this Agreement. Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) Level 0 Less than 3 months 0 hours Level 1 3 months 20 days or 160 hours 20 days or 160 hours (less reductions) Level 2 1 year 20 days or 160 hours 40 days or 320 hours (less reductions) Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) (less reductions) Level 4 3 years 80 days or 640 hours 160 days or 1,280 hours (less reductions) Level 5 4 years 160 days or 1,280 hours 320 days or 2,560 hours (less reductions) Level 6 5 years 200 days or 1,600 hours 520 days or 4,160 hours (less reductions)

Appears in 1 contract

Samples: Collective Agreement

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Income Replacement Entitlement Balance as of. the last day prior to the implementation of the Income Protection and Long Term Disability Plans, shall be determined in accordance with the following schedules less any reductions provided for under the terms of the Income Replacement Plan or as specifically provided for in this Agreement. Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) Level 0 Less than 4 3 months 0 hours Level 1 3 months 20 years 80 days or 160 hours 20 days or 160 hours (less reductions) Level 2 1 year 20 days or 160 hours 40 days or 320 hours (less reductions) Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) (less reductions) Level 4 3 years 80 days or 640 hours 160 days or 1,280 hours (less reductions) Level 5 4 years 160 days or 1,280 hours 320 days or 2,560 hours (less reductions) Level 6 5 years 200 days or 1,600 hours 520 days or 4,160 hours (less reductions)

Appears in 1 contract

Samples: Collective Agreement

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