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.
Sample 1
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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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Total Disability Benefit

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for six (6) months, including periods approved in Section 1.3(a) and (c), he shall be eligible to receive a monthly benefit as follows: (a) While the employee has a sick bank balance to be used on a day-for-day basis, full monthly earnings will continue until the sick bank is exhausted, and Section 2.6 will not apply. (b) When an employee has no sick bank, or after it is exhausted, the employee shall receive a monthly benefit equal to the sum of: (1) Effective upon ratification sixty-eight and three-tenths (68.3) percent of the first twenty-two hundred (2200) dollars of monthly earnings and (2) Fifty (50) percent of the monthly earnings above twenty-two hundred (2200) dollars. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability as determined by the Employer. The basic monthly earnings as at the date of disability shall be the salary in effect for the last month of the Short Term Plan period, or equivalent six (6) month period, taking into consideration any retroactive adjustments. The date of disability for determining the commencement of the first two years of disability shall be the day following the last month of the Short Term Plan period, or an equivalent six (6) month period. (c) The Long Term Disability benefit payment will be made so long as an employee remains totally disabled in accordance with Section 2.3, and will cease on the date the employee recovers, or at the end of the month in which the employee reaches age 65, or dies or otherwise loses his employment status, whichever occurs first. (d) An employee in receipt of Long Term Disability Benefits will be considered an employee and will continue to be covered by group life (at the amount in effect when the disability commenced), extended health, dental and medical plans. Employees will not be covered by any other portion of the Collective Agreement, but will retain the right of access to the Joint Committee pursuant to Article 7 and will retain seniority rights should they return to employment within six (6) months following cessation of benefits. (e) When an employee is in receipt of the benefit described in (b) above, contributions required for benefit plans in (d) above and contributions to the Pension Plan will be waived by the Employer. (f) An employee engaged in rehabilitative employment with the Employer and who is receiving partial Long Term Disability benefit payments will have contributions required for benefit plans in (d) above waived by the Employer, except that Pension Plan contributions shall be deducted from any salary received from the Employer to cover the period of rehabilitative employment.

  • Total Disability 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 payment. During a period of total disability an employee must be under the regular and personal care of a legally qualified doctor of medicine. c) i) 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 exceeds 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.

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