Common use of Long Term Disability Insurance Plan Clause in Contracts

Long Term Disability Insurance Plan. a) The College shall pay one hundred percent (100%) of the cost of the premiums of a long-term disability insurance plan. This plan shall provide benefits in the amount of two-thirds (2/3) of the monthly salary to a maximum benefit of three thousand five hundred dollars ($3,500) after the ninetieth (90th) day of disability. b) An employee on an approved leave of absence without pay shall have the option to retain coverage under the long-term disability plan during the period of the leave. Should the employee opt to retain coverage, she shall pay the cost of the premium of the long-term disability plan during the period of the leave.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Long Term Disability Insurance Plan. β€Œ a) The College shall pay one hundred percent (100%) of the cost of the premiums of a long-term disability insurance plan. This plan shall provide benefits in the amount of two-thirds (2/3) of the monthly salary to a maximum benefit of three thousand five hundred dollars ($3,500) after the ninetieth (90th) day of disability. b) An employee on an approved leave of absence without pay shall have the option to retain coverage under the long-term disability plan during the period of the leave. Should the employee opt to retain coverage, she they shall pay the cost of the premium of the long-long- term disability plan during the period of the leave.

Appears in 1 contract

Samples: Collective Agreement

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