Total Disability Benefit Sample Clauses

Total Disability Benefit. If an employee becomes totally disabled before their sixty-fifth (65th) birthday, the life insurance at the time of their disability will be kept in force as long as continues to be totally disabled but in no event beyond the lesser of sixty-fifth (65th) birthday or the date that the employee becomes entitled to a pension excluding the total and permanent disability pension provision. Proof of total disability will be required from time to time.
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Total Disability Benefit. If you become totally disabled before your normal retirement date, your life benefits continue as follows: • your Basic Life Insurance plan will be kept in force without cost to you • your Optional, Dependent and Optional Spousal Life Insurance plans may be kept in force without cost to you if the premiums are waived by the insurance carrier based on acceptable proof of disability. If the premiums are not waived by the carrier, the plans may be continued at full cost to you.
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Total Disability Benefit. If you are Totally Disabled due to Sickness or Injury we will pay the Total Disability Benefit which is the sum of the Monthly Benefit and any Super Continuance Monthly Benefit. The Total Disability Benefit is payable to you but that part of the benefit which comprises any Super Continuance Monthly Benefit will be paid to a superannuation plan in accordance with condition 4.3 of this Policy. When does the benefit start? We will only start paying the Total Disability Benefit if Total Disability as a result of the same Sickness or Injury continues after the Waiting Period. The Total Disability Benefit starts to accrue from the first day after the Waiting Period has ended. How long will we pay the benefit? The Total Disability Benefit will end when the first of the following events occur: How long will we pay the benefit? The Partial Disability Benefit will end when the first of the following events occur: ■ you are no longer Partially Disabled; ■ you come to the end of the Benefit Period; ■ the Policy Expiry Date is reached; or ■ your death. When will we pay the benefit? We will pay the Partial Disability Benefit in the month immedi- ately following the month during which you became entitled to it. What benefit will be paid? The Partial Disability Benefit will be a proportion of the total of the Monthly Benefit and any Super Continuance Monthly Benefit arrived at according to the following formula: ■ you are no longer Totally Disabled; (A – B) x (Monthly Benefit + any Super Continuance ■ you come to the end of the Benefit Period; ■ the Policy Expiry Date is reached; or ■ your death. When will we pay the benefit? We will pay the Total Disability Benefit in the month immedi- ately following the month during which you became entitled to it.
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Total Disability Benefit. Subject to the conditions and limitations imposed by this Agreement, if the Executive becomes totally disabled while in the employ of the Corporation, the Corporation shall pay the Executive his Accrued Benefit commencing as of his Normal Retirement Date. Notwithstanding the foregoing, if a majority of the Board determines that payments should commence earlier to prevent undue hardship to the Executive, the Corporation may commence payment of the Executive's Accrued Benefit at an earlier date, in which event the amount of the annual payments shall be discounted in accordance with the Applicable Interest Rate in effect for the month before such payments commence. The decision of a majority of the Board as to whether the Executive is "totally disabled" or whether early payments are necessary to prevent undue hardship to the Executive shall be conclusive for the purposes of this Agreement.
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Total Disability Benefit. Subject to the conditions and exceptions stated below, after we have approved a claim, we will pay premiums into the contract on each monthly date while the Insured is totally disabled. The amounts of these payments are shown under the Schedule of Disability Benefits in this rider. This is subject to all the provisions of this rider and the rest of this contract. We treat each payment made by us as described under Premium Payment. Payments made by us will be used to increase the accumulated premiums described in Death Benefit Guarantee.
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Total Disability Benefit. Should you become totally disabled for more than six (6) months prior to age sixty-five (65) and are unable to perform any occupation for remuneration, the amount of our optional life insurance will continue without payment of premium until age sixty-five (65) or recovery, as long as this policy remains in force. Your optional life insurance may be converted on your 65th birthday. Prior to your 65`h birthday, optional life insurance may be converted only if your basic life insurance is converted.
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Related to Total Disability Benefit

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Long Term Disability Benefit The Long Term Disability insurance provides income security should you become totally disabled prior to age 65 due to a sickness or injury which totally disables you over a long period of time. The Plan provides you with coverage on and off the job.

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence

  • Total Disability During a period of total disability an employee must be under the regular and personal care of a legally qualified doctor of medicine. (a) Total disability, as used in this Plan, means the complete inability because of an accident or sickness of a covered employee to perform all the duties of his/her own occupation for the first two (2) years of disability. Thereafter, employees able by reason of education, training or experience to perform the duties of a gainful occupation for which the rate of pay is not less than seventy-five percent (75%) of the current rate of pay of their regular occupation at date of disability will not be considered totally disabled and will therefore not be eligible for benefits under this Long Term Disability Plan. (b) Total disabilities resulting from mental or nervous disorders are covered by the Plan in the same manner as total disabilities resulting from accidents or other sicknesses, except that an employee who is totally disabled as a result of a mental or nervous disorder and who has received twenty-four (24) months of Long Term Disability Plan benefit payments must be confined to a hospital or mental institution or where they are at home, under the direct care and supervision of a medical doctor, in order to continue to be eligible for benefit payments. (1) If an employee becomes totally disabled and during this period of total disability engages in rehabilitative employment, the regular monthly benefit from this plan will be reduced by twenty-five percent (25%) of the employee's earnings from such rehabilitative employment. In the event that income from rehabilitative employment and the benefit paid under this Plan exceed eighty-five percent (85%) of the employee's earnings at date of disability, the benefit from this Plan will be further reduced by the excess amount.

  • Long Term Disability Benefits The District shall provide each eligible employee with long-term disability insurance as follows: 18.5.1 The insurance shall provide a disability payment equal to 66-2/3% of the employee's "basic monthly earnings" on the date they were disabled to a maximum payment of $6,000 per month. "Basic monthly earnings" means 1/12th of the employee's annual contract salary. 18.5.2 The disability payment under the long-term disability shall begin after all accumulated sick leave and extended sick leave under Article 10 has been used. 18.5.3 For employees with five (5) years or more of STRS service and two (2) or more eligible children on the date of disability, disability payment shall be paid for one year from the date of disability for both accident and illness provided that the employee is sixty-nine (69) years of age or younger on the date of disability. If the period of disability extends beyond one year, the employee shall receive disability allowance payment from STRS. 18.5.4 For all employees not included under Section 18.5.3, the disability payments shall be payable for ten (10) years from the date of disability for both accident and illness provided that the employee is fifty-five (55) years of age or younger on the date of disability. If the employee is older than fifty-five (55) years on the date of disability, the maximum disability payment period shall be the same as that provided in the maximum disability payment schedule set forth in the District's income protection insurance plan. 18.5.5 An employee who has separated from the District due to medical reasons and is receiving long-term disability payments under Section 18.5 shall be eligible to receive health benefits under 18.2.1 for a period of three (3) years provided that the employee has been employed by the District for at least five (5) years prior to the employee’s separation date.