Disability income definition

Disability income means disability income as defined in section 22(c)(2)(B)(iii) of the Internal Revenue Code.

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Disability income means disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such plans that are marketed through employer and association sponsored groups (“multi-life” plans), as applicable.

Disability income means income replacement as defined in Section 31A-1-301.

Examples of Disability income in a sentence

• If Disability income is payable directly to the Employee by an insurance company under the terms of an insurance policy paid for by the Company, the amounts paid to the Employee by such insurance company shall be considered a portion of the payment to be made to the Employee pursuant to this Section 6.2 and shall not be in addition hereto.

• If Disability income is payable directly to the Employee by an insurance company under the terms of an insurance policy paid for by the Company that is a bona fide disability plan under Treasury Regulation 1.409A-1(a)(5), the amounts paid to the Employee by such insurance company shall be considered a portion of the payment to be made to the Employee pursuant to this Section 6.2 and shall not be in addition hereto.

• The Board will provide Long Term Disability income insurance to cover all regular seniority members after three hundred sixty-four (364) calendar days of illness or disability.

• The Regular Nurse may take the leave without pay or use accrued PTO during any waiting period before ESL or State Disability becomes available, and may use PTO for any period after ESL is exhausted, or integrated with any State Disability income received, not to exceed the Regular Nurse’s normal pay.

• If Disability income is payable directly to the Executive by an insurance company under tile terms of an insurance policy paid for by the Company, the amounts paid to the Executive by such insurance company shall be considered a portion of the payment to be made to the Executive pursuant to this Section 6.2 and shall not be in addition hereto.

• If Disability income is payable directly to the Employee by an insurance company under the terms of an insurance policy paid for by the Company, the amounts paid to the Employee by such insurance company shall be considered a portion of the payment to be made to the Employee pursuant to this Section 7(b)(2) and shall not be in addition hereto.

• The Board will provide Long Term Disability income insurance to cover all regular full-time seniority employees after three hundred sixty-four (364) calendar days of illness or disability.

• The Regular Nurse may take the leave without pay or use accrued PTO during any waiting period before ESL or state Disability becomes available, and may use PTO for any period after ESL is exhausted, or integrated with any State Disability income received, not to exceed the Regular Nurse’s normal pay.

• Short-term Disability [income replacement for a period of up to one hundred and twenty (120) working days during a qualifying disability equal to sixty-six and two-thirds (66 2/3%) percent of basic weekly earnings to the established maximum following a fourteen (14) day elimination period where applicable.

• For an employee’s personal illness or injury, an employee may be eligible to take leave under the provisions of Family and Medical Leave Act and be paid Short Term Disability income protection plan benefits for up to ninety (90) days.

More Definitions of Disability income

Disability income means a policy designed to compensate

Disability income means the long term disability income payable to Eligible Officers under this Plan and payable as a Monthly Benefit.

Disability income means the disability income Benefit pursuant to Section 11 of this Plan, generally payable to Members as a monthly amount.