Common use of Sickness and Accident Insurance Clause in Contracts

Sickness and Accident Insurance. Section 15.2 As soon as possible after written ratification of this Contract, all current employees shall be covered under a sickness and accident insurance plan which shall pay benefits based upon the first day of an accident, the first day of hospitalization and the fifteenth (15th) day of sickness effective May 1, 2003. The amount of weekly benefits payable to an eligible employee shall be equal to 65% of the employee’s gross weekly pay but not to exceed $500 per week effective May 1, 2003 for all employees going on sickness and accident insurance after said date. The maximum duration for sickness and accident benefits shall be twenty-six (26) weeks, or the length of an employee’s seniority, whichever is less, for each illness or accident. In addition to the above mentioned sickness and accident coverage, all current covered employees shall be eligible to receive a long term disability insurance coverage which shall commence beginning after twenty-six (26) weeks of illness or accident and shall pay benefits equal to sixty-five percent (65%) of gross weekly pay up to a maximum of $500 per week effective May 1, 2003. The maximum duration for long-term sickness and accident insurance shall be the lesser of five

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Sickness and Accident Insurance. Section 15.2 As soon as possible after written ratification of this Contract, all current employees shall be covered under a sickness and accident insurance plan which shall pay benefits based upon the first day of an accident, the first day of hospitalization and the fifteenth (15th) day of sickness effective May March 1, 20032004. The amount of weekly benefits payable to an eligible employee shall be equal to 65% of the employee’s gross weekly pay but not to exceed $500 per week effective May March 1, 2003 2004 for all employees going on sickness and accident insurance after said date. The maximum duration for sickness and accident benefits shall be twenty-six (26) weeks, or the length of an employee’s seniority, whichever is less, for each illness or accident. In addition to the above mentioned sickness and accident coverage, all current covered employees shall be eligible to receive a long term disability insurance coverage which shall commence beginning after twenty-six (26) weeks of illness or accident and shall pay benefits equal to sixty-five percent (65%) of gross weekly pay up to a maximum of $500 per week effective May March 1, 20032004. The maximum duration for long-term sickness and accident insurance shall be the lesser of five

Appears in 2 contracts

Samples: Agreement, Agreement

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Sickness and Accident Insurance. Section 15.2 As soon as possible after written ratification of this Contract, all current employees shall be covered under a sickness and accident insurance plan which shall pay benefits based upon the first day of an accident, the first day of hospitalization and the fifteenth (15th) day of sickness effective May March 1, 20032004. The amount of weekly benefits payable to an eligible employee shall be equal to 65% of the employee’s 's gross weekly pay but not to exceed $500 per week effective May March 1, 2003 2004 for all employees going on sickness and accident insurance after said date. The maximum duration for sickness and accident benefits shall be twenty-six (26) weeks, or the length of an employee’s employees seniority, whichever which ever is less, for each illness or accident. In addition to the above mentioned sickness and accident coverage, all current covered employees shall be eligible to receive a long term disability insurance coverage which shall commence beginning after twenty-six (26) weeks of illness or accident and shall pay benefits equal to sixty-five percent (65%) of gross weekly pay up to a maximum of $500 per week effective May 1, 2003. The maximum duration for long-term sickness and accident insurance shall be the lesser of fiveweek

Appears in 1 contract

Samples: Agreement

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