– L.T.D. (Long Term Disability Sample Clauses
The Long Term Disability (L.T.D.) clause defines the terms under which an employee is eligible for income replacement benefits if they become unable to work due to a prolonged illness or injury. Typically, this clause outlines the qualifying period before benefits begin, the percentage of salary paid, and the duration of coverage, often continuing until recovery, retirement, or a specified age. Its core function is to provide financial security to employees facing extended periods of disability, thereby protecting both the employee’s livelihood and the employer’s obligations.
– L.T.D. (Long Term Disability. The Union will provide Long Term Disability (LTD) coverage for employees covered under this Agreement, through the WSCFF Disability Program (underwritten by Standard Insurance Company), via Port payroll deduction from each employee’s second (2nd) monthly paycheck. Employees shall be responsible for paying one hundred percent (100%) of premiums for LTD coverage. The Union shall be responsible for any overages or shortages in premiums. The Union shall also be responsible for liaising with the broker(s) for employees’ LTD coverage. The Port will remit LTD premiums to the Union in a similar manner as the Port remits employees’ Union dues.
– L.T.D. (Long Term Disability. Executive will be required to join the Executive Long Term Disability Plan. The Executive Long Term Disability Plan is a contributory plan. All premiums will automatically be paid out of payroll deductions. Participation is mandatory.
– L.T.D. (Long Term Disability. Refer to the provisions under Article 24.05.