Waiting Period and Benefits Sample Clauses

Waiting Period and Benefits. Employees Disabled Prior to April 1, 1998 * (* See Explanatory Note in Preamble to this Addendum.) In the event an employee, while enrolled in this Plan, becomes totally disabled prior to April 1, 1998 as a result of an accident or a sickness, then, after the employee has been totally disabled for six (6) months the employee shall receive a benefit equal to two-thirds (2/3) of monthly earnings.
AutoNDA by SimpleDocs
Waiting Period and Benefits. In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or an illness then, after the employee has been totally disabled for one hundred and twenty (120) days, the employee shall receive a benefit equal to sixty – sixty-six point seven (66.7%)of the first $2250.00 of your basic monthly earnings, up to a maximum of two thousand five hundred dollars ($2,500.00) per month, in accordance with the Plan which shall be filed with the Union. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability. Basic monthly earnings for regular part-time employees shall be calculated on the basis of the employee’s average monthly hours of work for the twelve (12) month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by her/his hourly pay rate as at the date of disability. The long term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date of the employee reaches age sixty-five (65), recovers, or dies, whichever occurs first, or as of the date of failure to provide requested written proof, satisfactory to the Company, of her/his continuous total disability.
Waiting Period and Benefits. (1) In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or sickness, then, after the employee has been totally disabled for five (5) months the employee shall receive a benefit equal to seventy percent (70%) of the first $2800 of the pre- disability monthly earnings and fifty percent (50%) on the pre-disability monthly earnings above $2800 or 66-2/3% of pre-disability monthly earnings, whichever is more. The $2800 level is to be increased annually by the increase in the weighted average wage rate for employees under the Collective Agreement for the purpose of determining the benefit amount for eligible employees as at their date of disability. It is understood that this adjustment will only be applied once for each eligible employee, i.e., at the date of the disability, to determine the benefit amount to be paid prospectively for the duration of entitlement to benefits under the LTD plan. (2) In the event that the benefit falls below the amount set out in Section 2(A)(1) above for the job that the claimant was in at the time of commencement of receipt of benefits, LTD benefits to be adjusted prospectively to seventy percent (70%) of the first $2800 of the current monthly earnings and fifty percent (50%) on the current monthly earnings above $2800 or 66-2/3% of current monthly earnings, whichever is more based on the wage rate in effect following review by HBT every four years. (Note: the $2800 figure will be adjusted as set out in Section 2(A)(1) above). (b) For the purposes of the above, earnings shall mean basic monthly earnings (including isolation allowances where applicable) as at the date of disability. Basic monthly earnings for regular part-time employees shall be calculated on the basis of the employee’s average monthly hours of work for the twelve-month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by his/her hourly pay rate as at the date of disability. The long-term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date the employee reaches age sixty-five (65), recovers, dies, or the effective date of early retirement under this plan, whichever occurs first. (c) Employees who still have unused sick leave credits after the waiting period when the long-term disability benefit becomes payable shall have the option of: (1) exhausting all sick leave credits before receiv...
Waiting Period and Benefits. In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or sickness, then, after the employee has been totally disabled for five months the employee shall receive a benefit equal to 70% of the first $2800 of the pre-disability monthly earnings and 50% on the pre-disability monthly earnings above $2800 or 66⅔% of pre-disability monthly earnings, whichever is more. The $2800 level is to be increased annually by the increase in the weighted average wage rate for employees under the Collective Agreement for the purpose of determining the benefit amount for eligible employees as at their date of disability. It is understood that this adjustment will only be applied once for each eligible employee, i.e., at the date of the disability, to determine the benefit amount to be paid prospectively for the duration of entitlement to benefits under the LTD Plan.
Waiting Period and Benefits. Employees Disabled Prior to April 1, 1998 *
Waiting Period and Benefits. A) “Existing Claimants”- Employees disabled before date of ratification. In the event an employee, while enrolled in this Plan, became disabled prior to ratification, the employee shall continue under the LTD plan in existence before the date of ratification or if mutually agreed, shall be entitled to the provisions of the plan post-ratification upon mutual agreement between the parties.
Waiting Period and Benefits. In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or an illness then, after the employee has been totally disabled for six (6) months, the employee shall receive a benefit equal to two-thirds (2/3) of monthly earnings, to a maximum of three thousand five hundred dollars ($3,500.00) per month, in accordance with the Plan which shall be filed with the Union. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability. Basic monthly earnings for regular part-time employees shall be calculated on the basis of the employee’s average monthly hours of work for the twelve (12) month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by his/her hourly pay rate as at the date of disability. The long term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date the employee reaches age 65, recovers, or dies, whichever occurs first, or as of the date of failure to provide requested written proof, satisfactory to the Company, of his/her continuous total disability.
AutoNDA by SimpleDocs
Waiting Period and Benefits. In the event an employee becomes disabled as a result of an accident or an illness, then, after the employee has been disabled for six (6) months in the event of onset prior to September 1, 2001, or five (5) months in the event of onset on and after September 1, 2001, the employee shall receive a benefit equal to two-thirds (2/3) of monthly earnings to a maximum of four thousand dollars ($4,000) per month until age 65. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability. Basic monthly earnings for regular part-time employees shall be calculated on the basis of the employee's average monthly hours of work for the twelve (12) month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by his/her hourly pay rate as at the date of disability. The long term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date the employee reaches age 65, recovers, or dies, whichever occurs first, or as of the date of failure to provide requested written proof, satisfactory to the Company, of his/her continuous total disability.
Waiting Period and Benefits. A) In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for one hundred and nineteen (119) calendar days, the employee shall receive a benefit equal to sixty-six and two- thirds (66 2/3) of monthly earnings. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability. Basic monthly earnings for regular part-time employees shall be calculated on the basis of the employee’s average monthly hours of work for the twelve (12) month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by her hourly pay rate as at the date of disability. The long-term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date the employee reaches age sixty-five (65), recovers, or dies, whichever occurs first. B) Employees who still have unused sick leave credits after the one hundred and nineteen (119) calendar days’ waiting period when the long-term disability benefit becomes payable shall have the option of:
Waiting Period and Benefits. In the event an employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or an illness then, after the employee has been totally disabled for four months, the employee shall receive a benefit equal to sixty-six and two-thirds of monthly earnings, in accordance with the Plan which shall be filed with the Union. For the purposes of the above, earnings shall mean basic monthly earnings as at the date of disability. The long-term disability benefit payment shall be made so long as an employee remains totally disabled and shall cease on the date the employee reaches age 65, recovers, or dies, whichever occurs first, or as of the date of failure to provide requested written proof, satisfactory to the Company, of their continuous total disability.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!