Common use of Waiting Period and Benefits Clause in Contracts

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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

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- 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 planPlan. (2) In the event that the benefit falls below the amount set out in Section 2(A)(12(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)(12(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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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- 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-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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Waiting Period and Benefits. (A) Employees Disabled on or after April 1, 2019 (1) In the event an employee, while enrolled in this Plan, becomes totally disabled on or after April 1, 2019 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 per cent (70%) of the first $2800 4,028 of the pre- disability monthly earnings and fifty percent per cent (50%) on the pre-disability monthly earnings above $2800 4,028 or 66-2/3% of pre-disability monthly earnings, whichever is more. The $2800 4,028 level is to be increased annually by the increase in the weighted average wage rate for employees under the Collective Agreement 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 per cent (70%) of the first $2800 4,028 of the current monthly earnings and fifty percent per cent (50%) on the current monthly earnings above $2800 4,028 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 4,028 figure will be adjusted as set out in Section 2(A)(12(A) 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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future useabove. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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 four (54) months the employee shall receive a benefit equal to seventy percent (70%) of the first four thousand dollars ($2800 4000) of the pre- pre-disability monthly earnings and fifty percent (50%) on of the pre-disability monthly earnings above $2800 4000 or sixty-six and two- thirds percent (66-2/3% %) of pre-disability monthly earnings, whichever is more. The $2800 4000 level is to be increased annually by the increase in the weighted average wage rate for employees under the Collective Agreement 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., 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 4000 of the current monthly earnings and fifty percent (50%) on the current monthly earnings above $2800 4000 or sixty-six and two-thirds percent (66-2/3% ) of current monthly earnings, whichever is more based on the wage rate in effect following review by HBT HBT/underwriter every four years. (Note: the $2800 4000 figure will be adjusted as set out in Section 2(A)(1) above). (bB) 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 '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 is eligible for early retirement under this planretirement, whichever occurs first. (cC) Employees who still have unused sick leave credits after the waiting period when the long-long- term disability benefit becomes payable shall have the option of: (1) exhausting all sick leave credits before receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

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 four thousand dollars ($2800 4000) of the pre- pre-disability monthly earnings and fifty percent (50%) on of the pre-disability monthly earnings above $2800 4000 or sixty-six and two- thirds percent (66-2/3% %) of pre-disability monthly earnings, whichever is more. The $2800 4000 level is to be increased annually by the increase in the weighted average wage rate for employees under the Collective Agreement 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., 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 4000 of the current monthly earnings and fifty percent (50%) on the current monthly earnings above $2800 4000 or sixty-six and two-thirds percent (66-2/3% ) of current monthly earnings, whichever is more based on the wage rate in effect following review by HBT HBT/underwriter every four years. (Note: the $2800 4000 figure will be adjusted as set out in Section 2(A)(1) above). (bB) 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 '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 is eligible for early retirement under this planretirement, whichever occurs first. (cC) Employees who still have unused sick leave credits after the waiting period when the long-long- term disability benefit becomes payable shall have the option of: (1) exhausting all sick leave credits before receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (dD) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-long- term disability benefits. (eE) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-long- term disability benefits.

Appears in 1 contract

Samples: Collective Agreement

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- pre-disability monthly earnings and fifty percent (50%) % on the pre-disability monthly earnings above $2800 or 66-2/3% 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 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)(12(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% 66⅔% 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)(12(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 's average monthly hours of work for the twelve12-month period or such shorter period that the employee has been employed, prior to the date of disability, multiplied by his/her their 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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 1 contract

Samples: Collective Agreement

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- pre-disability monthly earnings and fifty percent (50%) on the pre-disability monthly earnings above $2800 or 66-2/3% 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 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 '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 receiving the long-term disability benefit; (2) using sick leave credits to top off the long-term disability benefit; or (3) banking the unused sick leave credits for future use. (d) Employment status during the intervening period between expiration of sick leave credits and receipt of long-term disability benefits: Employees who will be eligible for benefits under the Long-Term Disability Plan shall not have their employment terminated; following expiration of their sick leave credits they shall be placed on unpaid leave of absence until receipt of long-term disability benefits. (e) Employees are not to be terminated for non-culpable absenteeism, while in receipt of long-term disability benefits.

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!