Common use of Residual Monthly Disability Benefit Clause in Contracts

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on 85% of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that the employee is able to perform. The Residual Monthly Disability Benefit will continue until the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that the employee is able to perform equals or exceeds 85% of the rate of pay for his/her regular occupation at the date of the disability. The benefit is calculated using the employee’s monthly LTD net of offsets benefit and the percentage difference between the 85% of the employee’s rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that he/she is able to perform. (a) Monthly LTD net of offsets benefit = 1000.00 Per month (b) 85% rate of pay at date of disability = 13.60 Per hour (c) 70% of current rate of pay = 12.12 Per hour

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on 85% of his/her the employee’s rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that the employee is able to perform. The Residual Monthly Disability Benefit will continue until the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that the employee is able to perform equals or exceeds 85% of the rate of pay for his/her the employee’s regular occupation at the date of the disability. The benefit is calculated using the employee’s monthly LTD net of offsets benefit and the percentage difference between the 85% of the employee’s rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that he/she the employee is able to perform. (a) Monthly LTD net of offsets benefit = $ 1000.00 Per per month (b) 85% rate of pay at date of disability = $13.60 Per hour per hour (c) 70% of current rate of pay = $12.12 Per per hour (d) percentage difference [(b/c) – 1] = 12.2% (e) Residual Monthly Disability Benefit (a x d) = $122.00

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five percent (85% %) of his/her their rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that the employee is able to perform. The Residual Monthly Disability Benefit will continue until the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that the employee is able to perform equals or exceeds eighty-five percent (85% %) of the rate of pay for his/her their regular occupation at the date of the disability. The benefit is calculated using the employee’s monthly LTD net of offsets benefit and the percentage difference between the eighty-five percent (85% %) of the employee’s rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for his/her their regular occupation) applicable to any gainful occupation that he/she is they are able to perform. (a) Monthly LTD net of offsets benefit = 1000.00 Per month (b) 85% rate of pay at date of disability = 13.60 Per hour (c) 70% of current rate of pay = 12.12 Per hour

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on 85% of hisher/her his rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for hisher/her his regular occupation) applicable to any gainful occupation that the employee is able to perform. The Residual Monthly Disability Benefit will continue until the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for hisher/her his regular occupation) applicable to any gainful occupation that the employee is able to perform equals or exceeds 85% of the rate of pay for hisher/her his regular occupation at the date of the disability. The benefit is calculated using the employee’s monthly LTD net of net-of-offsets benefit and the percentage difference between the 85% of the employee’s rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy per cent percent (70%) of the current rate of pay for hisher/her his regular occupation) applicable to any gainful occupation that heshe/she he is able to perform. (a) Monthly LTD net of net-of-offsets benefit = 1000.00 Per $1,000.00 per month (b) 85% rate of pay at date of disability = $13.60 Per per hour (c) 70% of current rate of pay = $12.12 Per per hour

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on 85% of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that the employee is able to perform. The Residual Monthly Disability Benefit will continue until the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that the employee is able to perform equals or exceeds 85% of the rate of pay for his/her regular occupation at the date of the disability. The benefit is calculated using the employee’s employees monthly LTD net of offsets benefit and the percentage difference between the 85% of the employee’s employees rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy per cent (70%) of the current rate of pay for his/her regular occupation) applicable to any gainful occupation that he/she is able to perform. (a) Monthly LTD net of offsets benefit = 1000.00 Per month (b) 85% rate of pay at date of disability = 13.60 Per hour (c) 70% of current rate of pay = 12.12 Per hour