Common use of Top-Up of Short Term and Long Term Disability Benefits Clause in Contracts

Top-Up of Short Term and Long Term Disability Benefits. An employee may top up short term or long term disability benefits to one hundred percent (100%) of current salary by using one or more of the following: (i) Credits remaining in top-up bank after pay-out of credits accrued under the previous plan: or, (ii) Credits in sick leave bank that have accrued under current plan; or, (iii) Banked overtime credits or earned vacation credits once the previous two (2) banks are exhausted.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Top-Up of Short Term and Long Term Disability Benefits. An employee may top top-up short term or long term disability benefits to one hundred percent (100%) % of current salary by using one or more of the following: (i) : ~ Credits remaining in top-up bank after pay-out of credits accrued under the previous plan: or, (ii) , ~ Credits in sick leave bank that have accrued under current plan; or, (iii) , ~ Banked overtime credits or earned vacation credits once the previous two (2) banks are exhausted.

Appears in 1 contract

Samples: Collective Agreement

Top-Up of Short Term and Long Term Disability Benefits. An employee may top top-up short short-term or long long-term disability benefits to one hundred percent (100%) % of current salary normal base pay by using one or more of the following: (i) Credits remaining in top-up bank after pay-out of credits accrued under the previous plan: or, (ii) Credits in drawing on earned sick leave bank that have accrued under current plan; credits or, (iii) Banked , once such credits are exhausted, banked overtime credits or earned vacation credits once (provided the previous latter are not depleted below the number of credits that must be retained to ensure that the employee receives two (2) banks are exhaustedweeks’ annual paid vacation).

Appears in 1 contract

Samples: Collective Agreement

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Top-Up of Short Term and Long Term Disability Benefits. An employee may top up short short-term or long long-term disability benefits to one hundred percent (100%) % of current salary normal base pay by using one or more of the following: (i) Credits remaining in top-up bank after pay-out of credits accrued under the previous plan: or, (ii) Credits in drawing on earned sick leave bank that have accrued under current plan; credits or, (iii) Banked , once such credits are exhausted, banked overtime credits or earned vacation credits once (provided the previous latter are not depleted below the number of credits that must be retained to ensure that the employee receives two (2) banks are exhaustedweeks’ annual paid vacation).

Appears in 1 contract

Samples: Collective Agreement

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