Common use of Residual Monthly Disability Benefit Clause in Contracts

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five (85%) of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy percent (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 percent (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 eighty-five percent (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 eight-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 percent (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 (b) 85% rate of pay at date of disability (c) 70% of current rate of pay = = = $1000 per month $13.60 per hour $12.12 per hour

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five (85%) of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy percent (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 percent (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 eighty-five percent (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 eight-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 percent (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 (b) 85% rate of pay at date of disability (c) 70% of current rate of pay = = = $1000 per month $13.60 per hour $12.12 per hourmonth

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five (85%) of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy percent (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 percent (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 eighty-five percent (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 eight-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 percent (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 per month (b) 85% rate of pay at date of disability = $13.60 per hour (c) 70% of current rate of pay = = = $1000 per month $13.60 per hour $12.12 per hour (d) Percentage difference [(b/c) - 1] = 12.2% (e) Residential Monthly Disability Benefit (a x d) = $122

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five (85%) of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy percent (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 percent (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 eighty-five percent (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 eight-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 percent (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 (b) 85% rate of pay at date of disability (c) 70% of current rate of pay = = = $1000 per month $13.60 per hour $12.12 per hour. Example:

Residual Monthly Disability Benefit. The Residual Monthly Disability Benefit is based on eighty-five (85%) of his/her rate of pay at the date of the disability less the rate of pay (the minimum being equal to seventy percent (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 percent (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 eighty-five percent (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 's monthly LTD net of offsets benefit and the percentage difference between the eight-five percent (85%) of the employee’s 's rate of pay at the date of disability and the rate of pay (the minimum being equal to seventy percent (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 (b) 85% rate of pay at date of disability (c) 70% of current rate of pay = = = $1000 per month $13.60 per hour $12.12 per hour. Example: