Common use of Waiting Period and Benefits Clause in Contracts

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:

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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