Common use of Long Term Salary Indemnity Clause in Contracts

Long Term Salary Indemnity. Long-Term Salary Indemnity is provided effective August 1, 1978, in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit -- 70% of salary to a maximum of $2,404 per month. Duration of benefit -- until retirement or as otherwise provided Benefit effective -- upon expiration of Short-Term Salary Indemnity coverage.

Long Term Salary Indemnity. Long-Term Salary Indemnity is provided effective August 1, 1978, in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit -- 70% of salary to a maximum of $2,404 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 faculty member and shall be paid by means of payroll deductions.

Long Term Salary Indemnity. Long-Term Salary Indemnity is provided effective August 1, 1978, in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit -- 70% of salary to a maximum of $2,404 per month. Duration of benefit -- until retirement or as otherwise provided Benefit effective -- upon expiration of Short-Term Salary Indemnity coverageThe premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.