Common use of LONG TERM INCOME PROTECTION Clause in Contracts

LONG TERM INCOME PROTECTION. 70.1 Effective June 1, 2002, the Employer shall pay one hundred percent (100%) of the monthly premium of the Long Term Income Protection (L.T.I.P.) plan. 70.2.1 (a) Effective January 1, 1992 and until December 31, 2009, the L.T.I.P benefit is sixty-six and two-thirds percent (66 2/3%) of an employee’s gross salary at the date of disability, including any retroactive salary adjustment to which the employee is entitled. Effective January 1, 2010, the L.T.I.P. benefit is sixty-six and two thirds percent (66²⁄³%) of the employee’s gross salary at the date that the carrier deems to be the effective date on which the employee is entitled to receive L.T.I.P. benefits, including any retroactive salary adjustment to which the employee is entitled.

LONG TERM INCOME PROTECTION. 70.1 42.1 Effective June 1, 2002, the Employer shall pay one hundred percent (100%) of the monthly premium of the Long Term Income Protection (L.T.I.P.) plan. 70.2.1 42.2.1 (a) Effective January 1, 1992 and until December 31, 2009, the L.T.I.P benefit is sixty-six and two-thirds percent (66 2/3%) of an employee’s gross salary at the date of disability, including any retroactive salary adjustment to which the employee is entitled. Effective January 1, 2010, the L.T.I.P. benefit is sixty-six and two thirds percent (66²⁄³%) of the employee’s gross salary at the first date that the carrier deems to be the effective date on which the employee is entitled of eligibility to receive L.T.I.P. benefits, including any retroactive salary adjustment to which the employee is entitled.

LONG TERM INCOME PROTECTION. 70.1 42.1 Effective June 1, 2002, the Employer shall pay one hundred percent (100%) of the monthly premium of the Long Term Income Protection (L.T.I.P.) plan. 70.2.1 42.2.1 (a) Effective January 1, 1992 and until December 31, 2009, the L.T.I.P benefit is sixty-six and two-thirds percent (66 2/3%) of an employee’s gross salary at the date of disability, including any retroactive salary adjustment to which the employee is entitled. Effective January 1, 2010, the L.T.I.P. benefit is sixty-six and two thirds percent (66²⁄³%66 2/3%) of the employee’s gross salary at the first date that the carrier deems to be the effective date on which the employee is entitled of eligibility to receive L.T.I.P. benefits, including any retroactive salary adjustment to which the employee is entitled.