Common use of Short Term Disability Bank Clause in Contracts

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.

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.

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 Companyʼs benefits provider, the employee’s employeeʼs Short Term Disability Bank will be applied (100% of their salary) until the bank is depleted at which point the Company’s Companyʼs Short Term Disability Insurance Program will take over (66 2/3 of regular earnings, exclusive of any allowances)over, or he is ready to return to work. The Short Term Disability Bank and Company’s Companyʼs Short Term Disability Insurance Program in combination will not exceed the equivalent of six (6) months.