Short Term Disability Bank Sample Clauses

Short Term Disability Bank. On January 1st of each year any unused sick days will be accumulated into the Short Disability Bank. Should the employee have a non-work related illness or injury and once the disability has been adjudicated by the Company’s benefits provider, the employee’s Short Term Disability Bank will be applied (100% of their salary) until the bank is depleted at which point the Company’s Short Term Disability Insurance Program will take over (66 2/3 of regular earnings, exclusive of any allowances), or he is ready to return to work. The Short Term Disability Bank and Company’s Short Term Disability Insurance Program in combination will not exceed the equivalent of six (6) months.
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Short Term Disability Bank. On January 1st of each year any unused sick days will be accumulated into the Short Disability Bank. Should the pilot have a non-work related illness or injury and once the disability has been adjudicated by the Company’s benefits provider, the pilot’s Short Term Disability Bank will be applied until the bank is depleted at which point the Company’s Short Term Disability Insurance Program will take over, or they are ready to return to work. The Short Term Disability Bank and Company’s Short Term Disability Insurance Program in combination will not exceed the equivalent of six (6) months.
Sample 1

Related to Short Term Disability Bank

  • Short Term Disability The Employer agrees to provide Short Term Disability benefits to all active full-time employees from the first (1st) day of an accident or the first (1st) full-time day of hospitalized or the fourth (4th) day of sickness. The Plan will pay sixty-six and two thirds percent (66 2/3%) of basic earnings for the first two (2) weeks, then Unemployment Insurance will pay fifteen (15) weeks, then the Plan will resume payments for thirty-five (35 weeks).

  • Short Term Disability Plan The administration of the Short Term Disability Plan and the payment of benefits under this Plan shall be handled by the Company.

  • Long Term Disability Plan The Welfare Plan will include a Long Term Disability Plan summarized in Appendix “2”.

  • Long Term Disability The Employer agrees to provide Long Term Disability benefits for active full-time employees after fifty-two (52) weeks if an Employee is unable to perform any occupation (reasonably suited by means of training, education or experience). The Plan will provide for sixty-six and two thirds percent (66 2/3%) of an Employee's basic monthly earnings to a maximum of $1,500.00. Coverage would cease the date an Employee attains normal retirement age.

  • Long Term Disability (LTD 4.7.1 The school board shall cooperate in the administration of the LTD Plan. It is understood that administration means that the school board will co-operate with the enrolment and deduction of premiums and provide available necessary data to the insurer, upon request. The school board will remit premiums collected to the carrier on behalf of the teachers.

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