Income Replacement Plan Sample Clauses

Income Replacement Plan. All entitlements under the Income Replacement Plans including Long Term Disability, shall be fifty percent (50%) of those received by the member in their full time position.
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Income Replacement Plan. The provisions of Article to inclusive will apply to all members of the service who commence their employment on or after July Effective July a short term and long term disability plan shall be implemented for new members of the Service commencing employment on or after that date. members hired on or after July shall participate in the Short Term Disability Plan. SHORT TERM DISABILITY Each member shall be eligible to receive Short Term Disability benefits following three (3) months of continuous service. The Short Term Disability Plan provides for the continuation of (26) weeks if a member is absent due to non-occupationalillness or accident, Benefits provided will be based on the individual member's length of service, and in accordance with the attached Short Term Disability Schedule. During the "Short Term" period of disability, periods of disability separated by less than twenty (20) consecutive days of employmentwill be consideredthe same period of disability unless disability is due to unrelated causes. Short Term benefitswill commencefrom the first regular shift of disability for the first three (3) separate periods of casual absence in a calendar year, and from the third regular shift of disability forthe fourth and subsequent periods casual absences. A member suffering from a disabling chronic illness who has more than three separate periods of casual absence due to this chronic illness shall be paid for all such absences, provided that the member provides satisfactory medical substantiation that a disabling chronic illness exists, The pay of an employee under this Article is subject to normal deductions as provided for elsewhere in this agreement. Any member who commenced service with the on or after January reporting for duty and later becoming sick and to complete regular tour of duty shall be credited with the hours worked, and shall be requiredto access sick time hours for those hours not worked, provided that the hours not worked during the shift shall not count as a period of casual absence for the purposes of these provisions, A member who, on account of illness or Injury Is absent from work for three (3) or more consecutive working days or six (6) or more working days in a calendar year, be required to submit, and if required, will submit a completed physicianor psychologist's report to the Board or its designate by the end of the three

Related to Income Replacement Plan

  • Benchmark Replacement Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

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