Common use of Weekly Indemnity Insurance Clause in Contracts

Weekly Indemnity Insurance. 5.01 An insured employee who is totally disabled and unable to work due to sickness or an accident not covered by Workers' Compensation, will be paid a weekly benefit commencing on the first day of absence due to an accident and the fourth day of absence due to a sickness. The amount of the benefit and the maximum period for which the benefit is payable shall be as set out in the following schedule: - Years of Continuous Full-time Employment with the Company At Least But Less Than Amount of Weekly Benefit Maximum Period First of the month next following date of hire 3 years 75% of Basic Weekly Wage 26 weeks After 3 years 85% of Basic Weekly Wage 26 weeks The weekly benefit shall be determined based on basic weekly wage and service as of the date of commencement of disability.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Weekly Indemnity Insurance. 5.01 An 5.01An insured employee who is totally disabled and unable to work due to sickness or an accident not covered by Workers' Compensation, ’ Compensation will be paid a weekly benefit commencing on the first day of absence due to an accident and the fourth day of absence due to a sickness. The amount of the benefit and the maximum period for which the benefit is payable shall be as set out in the following schedule: - Years of Continuous Full-time Employment with the Company But Amount of Maximum At Least But Less Than Amount of Weekly Benefit Maximum Period ThanWeekly BenefitsPeriod First of the month next following date of hire 3 years 75% of Basic next following3 years Weekly Wage 26 Wage26 weeks date of hire After 3 years 85% of Basic Weekly Wage 26 Wage26 weeks The weekly benefit shall be determined based on basic weekly wage and service services as of the date of commencement of disability.

Appears in 1 contract

Samples: negotech.labour.gc.ca

Weekly Indemnity Insurance. 5.01 An insured employee who is totally disabled and unable to work due to sickness or an accident not covered by Workers' Compensation, ’ Compensation will be paid a weekly benefit commencing on the first day of absence due to an accident and the fourth day of absence due to a sickness. The amount of the benefit and the maximum period for which the benefit is payable shall be as set out in the following schedule: - Years of Continuous Full-time Employment with the Company At Least But Less Than Amount of Weekly Benefit Benefits Maximum Period First of the month next following date of hire 3 years 75% of Basic Weekly Wage 26 weeks After 3 years 85% of Basic Weekly Wage 26 weeks The weekly benefit shall be determined based on basic weekly wage and service services as of the date of commencement of disability.

Appears in 1 contract

Samples: Agreement

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Weekly Indemnity Insurance. 5.01 An insured employee who is totally disabled and unable to work due to sickness or an accident not covered by Workers' Compensation, will be paid a weekly benefit commencing on the first day of absence due to an accident and the fourth day of absence due to a sickness. The amount of the benefit and the maximum period for which the benefit is payable shall be as set out in the following schedule: - Years of Continuous Full-time Employment with the Company Amount of Maximum At Least But Less Than Amount of Weekly Benefit Maximum Period First of the month next 75% of Basic following date of hire 3 years 75% of Basic Weekly Wage 26 weeks After 3 years 85% of Basic Weekly Wage 26 weeks The weekly benefit shall be determined based on basic weekly wage and service as of the date of commencement of disability.

Appears in 1 contract

Samples: Agreement

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