Term Disability Insurance Sample Clauses
Term Disability Insurance. The City of Saco provides Short-Term Disability Insurance to all employees working a minimum of 30 hours per week. If a covered illness or injury keeps you from working, this employer-paid short-term disability insurance replaces part of your income while you recover. For short-term disability, the City’s Income Protection Vendor covers 66.7% of the weekly gross salary up to $1,000 per week. To supplement the short-term coverage, an employee may use their accrued sick time first and then accrued vacation time if the employee chooses to make their check whole for each week. The elimination period for short-term disability coverage is 14 calendar days. Employees can use their available sick and vacation accruals to cover the elimination period. The benefit duration is 24 weeks for an eligible illness or injury, and six weeks for the birth of a child (including a two-week elimination period).
Term Disability Insurance. The I This Assistant Association will, in consultation with ▇▇▇▇▇ ▇▇▇▇▇▇, set-up a for the tendering of a Long Term Disability Insurance Plan. will be at the employee’sexpense. Burlington this day of September, FOR HALTON BOARD OF EDUCATION FOR THE ASSOCIATION THE HALTON BOARD OF EDUCATION (hereinafter referred to as the “Board”) (hereinafterreferred to as the The parties agree that benefit changes will be consistent with which are attached as Appendix “A”. A benefit card will be implementedno later than February Signed at Burlington this day of September, FOR THE HALTON BOARD OF EDUCATION FOR THE ASSOCIATION ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and return of Positive Enrolment Forms. PE Benefit Management Card*
Term Disability Insurance. You are entitled to membership of such private medical insurance scheme, long-term disability insurance scheme, critical illness scheme and death in service benefit (“the Schemes”) as the Company may from time to time decide to maintain for the benefit of its employees, subject to the rules of such schemes as imposed by the provider from time to time. Any benefits payable under any such scheme will be subject to the rules of the scheme and the terms of any applicable insurance policy, and are conditional on you complying with and satisfying any requirements of the insurers.
Term Disability Insurance. Upon completion of six (6) months of continuous an employee shall be eligible to apply for Long Term Disability benefits (66 of salary on date of disability) commencing seventeen (17) weeks after the date the reimburse the employee for the full cost of this insurance. The terms and conditions for Long Term Disability Insurance shall be as outlined in the Master Contract, the conditions of which not be changed without the consent of the Institute. employee’s position will not be declared vacant nor will an employee be terminated: until six (6) months from the date of commencement of disability or to the extent of the employee’s banked sick credits to a maximum of one (1) year if such credits exceed six (6) months. The above limits may be extended upon written request by the employee and written approval by the Department Head. The Employer shall deduct the premium, or the employee’s share, if any, from the pay of every employee who is insured under the Insurance Plans. If the premiums for any of the Insurance Plans decrease during the term of this Agreement, the Employer agrees to enter into discussions with the Institute as to how the savings resulting therefrom may best be used for the benefit of the employees in the bargaining unit. The Employer shall provide a payment equal to that of premiums to employees who reside in the Province of Quebec. The payment will be an amount equal to what would have been paid by the Employer had the Quebec resident lived i n Ontario during the previous year. In the case where a married couple is engaged by the Employer, one payment equal to the dependent coverage will be made annually. Employees who make their residence in the Province of Quebec must inform their Employer immediately of any change of residence and in the year following their change of residence, must apply to the Employer in writing requesting as provided in this section indicating the total period of residence. Employees who fail to notify the Employer of their change of address, and for whom the Employer has continued to pay the Ontario shall not be entitled for the period for which the Employer has continued to pay into the Ontario Plan. It is the responsibility of the employee to notify the Employer of any changes of status (i.e. family to single coverage, etc.). Should the employee fail to notify the Employer of a change in marital status, the Employer will not be held responsible for any lack of coverage in this regard.
Term Disability Insurance. The Company shall offer long-term disability coverage for purchase by all regular full-time employees, effective on the first day of the month following the commencement of full-time employment. The maximum monthly benefit shall be sixty percent (60%) of base straight- time wages, up to a maximum of $3,000 per month, commencing in accordance with eligibility requirements set forth in the plan or policy. Extent of Obligations The Company may choose to arrange for funding of the foregoing benefits through insurance, self-funding, or a combination thereof. DTO reserves the right, in its sole and absolute discretion, to amend, modify or terminate, in whole or in part, any or all of the provisions of the benefit plans described herein. Further, DTO reserves the exclusive right, power and authority, in its sole and absolute discretion, to administer, apply and interpret the benefit plans described herein, and to decide all matters arising in connection with the operation or administration of such plans.
Term Disability Insurance. You will be eligible to participate in the Company’s short-term disability plan on the 1st of the month following your date of hire. Premiums are employee paid. Premiums are automatically deducted from your paycheck on an after-tax basis. • Retirement Savings Plan (401k) - On the first of the month following your date of hire, the plan allows you to contribute up to the maximum annual limit imposed by the IRS, which is $17,500.00 for 2013 through automatic payroll deductions on a before-tax basis. Following completion of 6 months of service, for which you have worked at least 500 hours, the Company will match 100% of your contribution up to a maximum of the lesser of $7,650.00 or 3% of your salary. • Supplemental Executive Retirement Plan (SERP) - You are eligible to participate in the SERP Plan on October 1, 2013. The purpose of the SERP is to provide officers with financial security in exchange for a career commitment. The SERP is designed such that at age 65, you could be expected to have an accumulation (under certain assumptions) that is approximately equal to the present value of a life annuity sufficient to replace 40% of your final three-year average salary. If your years of service as an officer at age 65 are less than 20 years, a pro-rata reduction is applied to the 40% target. Further details will be provided upon employment. • Automobile - You are entitled to an automobile allowance of $14,000 per year. • Parking - You will be provided an officer parking spot in the garage adjacent to our building. • Additional - In addition to the standard benefits set forth above, the Company will pay you up to $15,000 promptly after your Start Date to reimburse you for employment transition expenses including legal expenses. In the event you travel for work, you will be entitled to non-economy travel for flights in excess of three (3) hours.
Term Disability Insurance. The Company shall offer short-term disability coverage for purchase by all regular full-time employees, effective on the first day of the month following the commencement of full-time employment. The maximum weekly benefit shall be sixty percent (60%) of base straight-time wages, commencing with the first day of accident or hospitalization or the eighth day of illness, for a maximum of thirteen (13) weeks duration.
Term Disability Insurance. Effective first of month following date of hire. Effective as of date of hire. Effective as of date of hire. Eligible upon hire. Effective 1st of month following completion of enrollment forms. Choice of 1X, 2X, or 3X base salary in additional term life insurance. Guaranteed approval up to $400,000 if purchased within 30 days of hire. Greater amounts up to a maximum of $500,000 are subject to evidence of insurability. Age based premium paid by payroll deduction. Benefits are reduced to 65% at age 70. Eligible upon hire. Effective 1st of month following completion of enrollment forms.
Term Disability Insurance. The Employer will continue, at no cost to the employee, insurance coverage based on employee earnings.
Term Disability Insurance. Employees shall participate in a Long Term Disability Insurance Policy with the paying one hundred percent (100%) of the regular monthly premiums. The agrees to continue its present practice with respect to contributions to the Policy covered by this sub-article on behalf of employees receiving payments under the Long Term Disability Insurance Policy. At the request of the employee and upon production of a doctor’s certificate or certificates acceptable to the medical consultant, the will advance the first month’s payment due from the insurance company in the case of a delay.