Long Term Disability Pay Clause Samples
The Long Term Disability Pay clause defines the employer's obligation to provide income replacement to employees who are unable to work for an extended period due to a qualifying disability. Typically, this clause outlines the percentage of salary paid, the waiting period before benefits begin, and the maximum duration of payments, such as up to a certain number of years or until retirement age. Its core practical function is to offer financial security to employees facing prolonged health issues, thereby addressing the risk of income loss due to long-term disability.
Long Term Disability Pay. The first thirty (30) calendar days of absence as a result of a non-job related injury shall be borne by the employee. The next sixty (60) calendar days are picked up by the employer at two-thirds (2/3) the employee’s current rate of pay to a maximum of fifteen hundred ($1500) per two-weeks pay period, less any additional monies received from Township paid benefits or outside work. At the end of one (1) year from the date the non-job related injury was incurred, the above payments, health benefits and employment shall terminate.
Long Term Disability Pay a. Commencing on the one hundred eighty first (181st) day of consecutive absence, the employee may be eligible for Long-Term Disability (LTD) coverage in accordance with the terms of the Frontier Communications LTD plan which is in effect at the time the employee becomes eligible for LTD coverage. Premiums for coverage under the Basic LTD Insurance Plan will be fully paid by the Company. Under the Basic LTD Plan, the monthly benefit for approved LTD absences is fifty percent (50%) of the employee’s basic monthly earnings, up to a maximum of three thousand dollars ($3000.00) per month for disabilities commencing on or before December 31, 2015, and up to a maximum of two thousand eighty three dollars ($2083.00) per month for disabilities commencing on or after January 1, 2016.
Long Term Disability Pay. The first forty-five (45) calendar days of absence as a result of a 264 non-job related injury shall be borne by the employee. The employee must utilize 265 accumulated paid leave to cover those first forty-five (45) calendar days (i.e. sick, 266 vacation, floating holiday, etc.) The next forty-five (45) calendar days are picked up 267 by the employer at two-thirds (2/3) the employee’s current rate of pay, less any 268 additional monies receive from Township paid benefits or other outside work. 269 Effective January 1, 2008, the first sixty (60) calendar days of absence as 270 a result of a non-job related injury shall be borne by the employee. The employee 271 must utilize accumulated paid leave to cover those first sixty (60) calendar days (i.e. 272 sick, vacation, floating holiday, etc.) The next thirty (30) calendar days are picked up 273 by the employer at two-thirds (2/3) the employee’s current rate of pay, less any 274 additional monies received from Township paid benefits or outside work.
Long Term Disability Pay. 1. The first forty-five (45) calendar days of absence as a result of a non-job related injury shall be borne by the employee. The employee must utilize accumulated paid leave to cover those first forty-five (45) calendar days (i.e. sick, vacation, floating holiday, etc.) next forty-five (45) calendar days are picked up by the employer at two-thirds (2/3) the employee's current rate of pay less any additional monies received from Township paid benefits or outside work.
2. Effective January 1, 2008, the first sixty (60) calendar days of absence as a result of a non-job related injury shall be borne by the employee. The employee must utilize accumulated paid leave to cover those first sixty (60) calendar days (i.e. sick, vacation, floating holiday, etc.) The next thirty (30) calendar days are picked up by the employer at two-thirds (2/3) the employee’s current rate of pay, less any additional monies received from Township paid benefits or outside work.
3. Employees are required to provide verification from a health care provider for all leave provided for in this section. The Township may at any time require an employee submit to a fitness for duty exam by a township appointed physician for leave provided for in this section.
4. Employees hired after May 1, 2006 shall not be eligible for the two-thirds (2/3) as outlined above.
5. At the end of one (1) year from the date the non-job related injury was incurred, the above payments, health benefits, and employment shall terminate.
6. All benefits contained in this sub-section shall run concurrent with the leave provided in the Family and Medical Leave Act.
7. Repeat utilization of this benefit may result in disciplinary action up to and including termination.
Long Term Disability Pay a. On the 181st day of consecutive absence, the employee may be eligible for Long- Term Disability (LTD) coverage in accordance with the terms of the Citizen’s Communications LTD plan which is in effect at the time the employee becomes eligible for LTD coverage. For information on LTD benefits and coverage, including a copy of the Summary Plan Description, as well as other benefits information, employees should call the Benefits Hotline at ▇-▇▇▇-▇▇▇-▇▇▇▇ or visit the Benefits Section of The Link (▇▇▇▇://▇▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/hr/default.asp?ID=70).