Short Term Income Protection Program. A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and forty-seven (147) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation, professional development, and increments.
Short Term Income Protection Program. Note: Additional provisions regarding Disability Benefits are contained in the Common (provincial) Agreement dated March 30, 2001. Such Disability Benefit provision is contained in Article 9.3 of the Common Agreement. A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation, professional development, and increments.
Short Term Income Protection Program. The purpose of this program is to provide income stability to regular Company drivers who are impacted by a temporary lack of work for one to three days in a given week. When a driver is short of 30 hours of pay, he will receive the difference in pay to 30 hours for that week. • No dispatch beyond 60 hours in a week unless it has been offered to all other drivers in order of seniority; • When a job occurs outside of normal dispatch time, the senior undispatched driver will be called when work becomes available and failing to respond between 10:00 and 11:00 am, he will be credited with the hours; • Drivers refusing hours or booking off will get credited with the standard time of the longest available run; • The Company reserves the right to assign the driver to any available work for which the employee is qualified to perform, which may not be dispatch work. • Nothing in this Agreement prevents the Company from laying off, however, if the work load within this group is maintained to where the junior employee is obtaining 40 hours work per week over a 4 week cycle, a laid off employee will be recalled to work. Upon ratification, the Company will hire a minimum of two (2) additional Bargaining Unit Drivers in an effort to ensure no bargaining unit work is sub contracted out. The Union and the Company agree that this Letter of Understanding will not apply for employees hired after November 1, 2013.
Short Term Income Protection Program. The purpose of this program is to provide income stability to regular company drivers who are impacted by a temporary lack of work for one to three days in a given week. When a driver is short of hours of pay, he will receive the difference in pay to hours for that week. No dispatch beyond hours in a week unless it has been offered to all other drivers in order of seniority; When a job occurs outside of normal dispatch time, the senior driver will be called when work becomes available and failing to respond between and am, he will be credited with the hours; The company reserves the right to assign the employee to any available work for which the employee is qualified to perform, which may not be dispatch work. Time away from work not related to lack of dispatched hours will not count towards the use of this program. DISPATCH PROCEDURE DEPENDENT CONTRACTORS
Short Term Income Protection Program. 5.1 Short Term Income Protection Program A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation and professional development
Short Term Income Protection Program. .5.1 Short Term Income Protection Program A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details.
