LONG-TERM DISABILITY INSURANCE COVERAGE. Subject to Executive's insurability on a standard risk basis, Company shall provide Executive with long-term insurance disability coverage for an amount equal to 66 2/3% of his Annual Base Salary, as it may be adjusted from year to year. For this purpose, "long-term disability" shall mean disability for purposes of receiving benefits under the Company's group long-term disability insurance plan for employees. The Company, in its sold discretion, can fulfill its obligation hereunder, in whole or in part, by means of Executive's participation in the Company's long-term disability insurance plan for employees. The Company shall purchase and maintain an individual, long-term disability policy to provide for such coverage amount that is not otherwise provided through the Company group disability plan. Other than the amount of benefit provided for thereunder, the provisions of such individual policy shall be substantially comparable to those contained in the Company's group disability plan. Upon termination of his employment other than by the Company for cause (as provided for in Section 5.1), Executive shall be entitled, with no obligation of reimbursement to the Company, to exercise any option, available to him under the individual insurance policies and/or contracts purchased and maintained by the Company, to assume ownership thereof and continue such policies and/or contracts in full force and effect.
LONG-TERM DISABILITY INSURANCE COVERAGE. The City agrees to continue to provide Long-Term Disability Insurance coverage to the employees covered by this M.O.U. Effective the first day of the month following Council approval of this MOU, the monthly premiums will be paid by the City and will not be deducted from employees’ monthly flexible benefit allocation.
LONG-TERM DISABILITY INSURANCE COVERAGE. 1. For each full-time employee, the Employer shall provide without cost to the Employee a long-term disability insurance plan with benefits of sixty percent (60%) Max $5,000 of monthly earnings to the Employee who is totally disabled due to extended illness or injury. The policy may provide a "write off" or "offset" which permits the carrier to reduce the benefit by the amount collected from social security, and state plan benefits or any other plan. The benefits of this plan shall commence after one hundred eighty (180) calendar days of such illness or injury and shall be payable until the Employee reaches age sixty-five (65), or the Employee is declared able to work, or death, whichever shall occur first. For the purposes of the long- term disability coverage, monthly earnings shall be the Employee’s regular salary divided by twelve (12) months This benefit shall begin when the employee:
LONG-TERM DISABILITY INSURANCE COVERAGE. The City shall provide each regular, full-time employee with LTD insurance coverage with a benefit of fifty percent (50%) of the employee’s regular wages up to maximum benefit of two thousand dollars ($4,000) per month. The City shall pay the entire premium for such coverage.
LONG-TERM DISABILITY INSURANCE COVERAGE. During the term of this Agreement, the Employer shall obtain a group long term disability program for full time employees. Employees who become disabled and who are otherwise eligible shall receive from the insurance carrier weekly indemnity payments consisting of sixty percent (60%) of their normal gross weekly wages. These benefits shall be payable from the 180th day of disability through age sixty-five (65). The benefits payable under this program are coordinated with compensation paid under other similar programs such as the Social Security Act, worker’s compensation, and the County’s retirement Plan. The specific terms and conditions governing the long term disability program are set forth in detail in the policy governing the program as issued by the carrier, currently UNUM. The County pays the premium for the employee and includes the cost of that insurance in the employee’s W-2 compensation each year.
LONG-TERM DISABILITY INSURANCE COVERAGE. During the term of this Agreement, the Employer shall obtain and pay the required premiums for a long term disability program for those full-time employees occupying a classification covered by this Agreement who participate in the Defined Contribution Plan. Employees who become totally disabled and prevented from working for remuneration or profit and who are otherwise eligible shall receive from the Employer’s insurance carrier weekly indemnity payments consisting of sixty-six and two-thirds percent (66 2/3%) of their normal gross weekly wages per month. These benefits shall be payable from the 90th day of disability through age sixty-five (65). The benefit payable under this program is coordinated with compensation paid under the Social Security Act. The specific terms and conditions governing the long term disability program is set forth in detail in the policy governing the program as issued by the carrier.
LONG-TERM DISABILITY INSURANCE COVERAGE. (including medical disability resulting from pregnancy under Article XV, Section A.1.a.)
LONG-TERM DISABILITY INSURANCE COVERAGE. “LTD”) The Employer, as directed by the Union Benefit Administration Office, will deduct from the employee’s pay an amount directed by the Union Benefit Office. Such deductions shall be remitted monthly to the Union together with the Employer’s Benefit Plan contributions per above. Participation in the Plan and in the payroll deduction is mandatory, except where eligibility ceases due to age.
