LONG TERM DISABILITY PLAN SUMMARY Sample Clauses
The Long Term Disability Plan Summary clause outlines the key features and provisions of an employer-sponsored insurance plan that provides income replacement to employees who are unable to work for an extended period due to a qualifying disability. This summary typically details eligibility requirements, the percentage of salary covered, waiting periods before benefits begin, and the duration of coverage. By clearly presenting the main terms and benefits of the plan, this clause ensures employees understand their rights and protections in the event of long-term disability, thereby promoting transparency and informed decision-making.
LONG TERM DISABILITY PLAN SUMMARY. The Welfare Plan will include a Long Term Disability Plan effective September 1, 1980, which will provide benefits of fifty percent (50%) of regular weekly earnings calculated at forty (40) times the disabled employee's hourly straight time job rate at date of onset of disability with Long Term Disability Benefits, payable for a maximum period of sixty (60) months, but not beyond the attainment of age sixty-five (65). Cost sharing of the Plan will be: Company 70% Employee 30% Any Employment Insurance rebate is for the exclusive use of the Company.
LONG TERM DISABILITY PLAN SUMMARY. The Welfare Plan will include a Long Term Disability Plan effective September which will provide benefits of of regular weekly thedisabled employee’s hourly straight time job rate at date of onset of disability with Long term Disability benefits payable for a maximum period of months but not beyond the attainment of age Cost sharing of the plan will be: Company Employee Eligibility
LONG TERM DISABILITY PLAN SUMMARY. The Welfare Plan will include a Long Term Disability Plan effective September which will provide benefits of fifty percent (50%) of regular weekly earnings calculated at forty (40) times the disabled employee's hourly straight time job rate at date of onset of disability with Long Term Disability Benefits, payable for a maximum period of sixty (60) months, but not beyond the attainment of age sixty-five (65). Cost sharing of the Plan will be: Company Employee Any rebate is for the exclusive use of the Company. employees who are working full-time for full pay. Minimum hours worked no less than to commence after thirty (30) worked days of service. Enrollment in the Plan to be compulsory. Must be actively at work full-time and for full pay on date the "Five-Year Plan" commences.
LONG TERM DISABILITY PLAN SUMMARY. Eligibility