Common use of LONG TERM DISABILITY BENEFIT PLAN Clause in Contracts

LONG TERM DISABILITY BENEFIT PLAN. The Company will maintain and pay the full cost of a Long Term Disability Benefit Plan providing for benefits of 50% of weekly earnings, payable to age 65 or termination of the disability, whichever occurs first. Effective July 1, 1991, for all employees actively employed, the Plan will provide for benefits of 55% of weekly earnings, payable to age 65 or termination of the disability, whichever occurs first.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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LONG TERM DISABILITY BENEFIT PLAN. The Company will maintain and pay the full cost of a Long Term Disability Benefit Plan providing for all employees actively employed, the Plan will provide for benefits of 5055% of weekly earningsearnings up to a maximum of $4,100.00, payable to age 65 or termination of the disability, whichever occurs first. Effective July 1September 1st, 19912021, for all employees actively employed, the Plan will provide for benefits of 55% of weekly earningsearnings up to a maximum of $4,200.00, payable to age 65 or termination of the disability, whichever occurs first.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

LONG TERM DISABILITY BENEFIT PLAN. The Company will maintain and pay the full cost of a Long Term Disability Benefit DisabilityBenefit Plan providing for providingfor benefits of 50% of weekly earnings, payable to age 65 sixty-five (65) or termination of the disability, whichever occurs first. Effective July 1, 1991, for all employees actively employed, the Plan Benefits-General The Company will provide the opportunity for benefits of 55% of weekly earningsemployees on and claims over one year, payable employees who retire early, up to age 65 or termination of the disability, whichever occurs first.sixty-five

Appears in 1 contract

Samples: Collective Agreement

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LONG TERM DISABILITY BENEFIT PLAN. The Company will maintain and pay the full cost of a Long Term Disability Benefit Plan providing for benefits of 5055% of weekly earnings, payable to age 65 sixty-five (65) or termination of the disability, whichever occurs first. Effective July Benefits-General - The Company will provide the opportunity for employees on LTD and WSIB over one (1, 1991, for all employees actively employed) year, the option of maintaining Medical and Dental Plan will provide for benefits of 55% of weekly earnings, payable to age 65 or termination of Coverage provided employees pay the disability, whichever occurs firstrequired monthly premiums.

Appears in 1 contract

Samples: Collective Agreement

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