Common use of Waiting Period and Benefits Clause in Contracts

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. In the event an employee employee, while enrolled in this Plan, becomes totally disabled as a result of an accident or an illness, illness then, after the employee has been totally 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, 2001months, the employee shall receive a benefit equal to two-thirds (2/3) of monthly earnings earnings, to a maximum of four three thousand five hundred dollars ($4,0003,500.00) per month until age 65month, 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 ’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 hisher/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 hisher/her his continuous total disability.