Common use of Maximum Benefit Clause in Contracts

Maximum Benefit. Each employee’s entitlement regarding the number of weeks at 100% of salary will be calculated based on the employee’s length of service with the Employer, which will be updated on the first of January each year. Each employee’s allotment of 100% weeks will be automatically renewed on the first normal working day in January, providing the employee is working on that day. Employees in receipt of Short-term or Long-term Income Replacement benefits on the first normal working day in January will receive their new allotment of 100% weeks when they have returned to work on a full-time basis for one full work week.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Maximum Benefit. Each employee’s 's entitlement regarding the number of weeks at 100% of salary will be calculated based on the employee’s 's length of service with the Employer, which will be updated on the first of January each year. Each employee’s 's allotment of 100% weeks will be automatically renewed on the first normal working day in January, providing the employee is working on that day. Employees in receipt of Short-term or Long-term Income Replacement benefits on the first normal working day in January will receive their new allotment of 100% weeks when they have returned to work on a full-time basis for one full work week.

Appears in 1 contract

Samples: Collective Agreement

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