Common use of WGA gap insurance Clause in Contracts

WGA gap insurance. a. With effect from 1 January 2009, the employer is obliged to offer the employee a WGA gap insurance under the Resumption of Work (Partially Disabled Persons) Regulations (WGA) to cover the financial risk of incapacity for work for at least 35% but less than 80%. This insurance entitles the employee to claim a periodic benefit to supplement the WGA follow- up benefit until they reach Dutch state retirement age. The amount of the benefit is equal to 70% of the daily wage under the Sickness Benefits Act, up to the maximum daily wage pursuant to the Sickness Benefits Act, as referred to under 3.8.3, multiplied by the percentage of incapacity for work and less the WGA follow-up benefit. b. The obligation to offer a WGA gap insurance does not apply for employers who bear the risk referred to in 3.8.6 (a) themselves or who decide to assume the risk on the advice of the works council. c. The premium for the WGA gap insurance was paid by the employee until 1 January 2011; from 1 January 2011 the employer and employee must each pay for 50% of the premium evenly. d. If the employer already offered employees a WGA gap insurance on 1 November 2007, the insurance must be amended to comply with the conditions stipulated in 3.8.6(a) and (c) on the occasion of the first contract extension.

WGA gap insurance. a. With effect from 1 January 2009, the employer is obliged to offer the employee a WGA gap insurance under the Resumption of Work (Partially Disabled Persons) Regulations (WGA) to cover the financial risk of incapacity for work for at least 35% but less than 80%. This insurance entitles the employee to claim a periodic benefit to supplement the WGA follow- up benefit until they reach Dutch state retirement age. The amount of the benefit is equal to 70% of the daily wage under the Sickness Benefits Act, up to the maximum daily wage pursuant to the Sickness Benefits Act, as referred to under 3.8.33.4.3, multiplied by the percentage of incapacity for work and less the WGA follow-up benefit. b. The obligation to offer a WGA gap insurance does not apply for employers who bear the risk referred to in 3.8.6 (a) themselves or who decide to assume the risk on the advice of the works council. c. The premium for the WGA gap insurance was paid by the employee until 1 January 2011; from 1 January 2011 the employer and employee must each pay for 50% of the premium evenly. d. If the employer already offered employees a WGA gap insurance on 1 November 2007, the insurance must be amended to comply with the conditions stipulated in 3.8.6(a3.4.6(a) and (c) on the occasion of the first contract extension.

WGA gap insurance. a. With effect from 1 January 2009, the employer is obliged to offer the employee a WGA gap insurance under the Resumption of Work (Partially Disabled Persons) Regulations (WGA) to cover the financial risk of incapacity for work for at least 35% but less than 80%. This insurance entitles the employee to claim a periodic benefit to supplement the WGA follow- follow-up benefit until they reach Dutch state retirement age. The amount of the benefit is equal to 70% of the daily wage under the Sickness Benefits Act, up to the maximum daily wage pursuant to the Sickness Benefits Act, as referred to under 3.8.3, multiplied by the percentage of incapacity for work and less the WGA follow-up benefit. b. The obligation to offer a WGA gap insurance does not apply for employers who bear the risk referred to in 3.8.6 (a) themselves or who decide to assume the risk on the advice of the works council. c. The premium for the WGA gap insurance was paid by the employee until 1 January 2011; from 1 January 2011 the employer and employee must each pay for 50% of the premium evenly.evenly.4 d. If the employer already offered employees a WGA gap insurance on 1 November 2007, the insurance must be amended to comply with the conditions stipulated in 3.8.6(a3.4.6(a) and (c) on the occasion of the first contract extension.