Long Term Disability (L.T Clause Samples

Long Term Disability (L.T. The Company will contribute eighty-five percent (85%) of premiums, the employee fifteen percent (15%) of premiums after their thirty (30) day probationary period has been served. The amount of monthly indemnity payable shall be equal to sixty percent (60%) of the first eight hundred thirty-three dollars and thirty-three cents ($833.33) plus forty percent (40%) of the remainder to a maximum benefit of two thousand four hundred dollars ($2,400.00) per month. The maximum benefit shall be reduced by the following:

Long Term Disability (L.T. D.)‌ 1) The Union has agreed that the Employer will not be responsible for any costs or premiums associated with such a plan other than providing the service of payroll deductions for those employees who participate. 2) In the event that the insurance carrier alters the terms and conditions of coverage including cancellation, the continuation of L.T.D. coverage will continue to be the sole responsibility of the individual and/or the Union under the terms of the L.T.D. program offered to all employees. 3) Participation in the L.T.D. program is discretionary for those employees hired prior to September 30, 1997. 4) Participation in the L.T.D. program shall be mandatory for all regular full-time and part-time employees.