Common use of Long Term Salary Indemnity Clause in Contracts

Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions. Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. O Gratuity Plan

Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions. Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. O Gratuity Plan.