Long Term Disability Insurance Clause Samples
The Long Term Disability Insurance clause establishes the employer's obligation to provide insurance coverage that offers income replacement to employees who are unable to work for an extended period due to a qualifying disability. Typically, this clause outlines eligibility requirements, the percentage of salary covered, waiting periods before benefits begin, and the duration of coverage. Its core function is to protect employees from financial hardship during prolonged absences caused by serious health conditions, ensuring a measure of income security when they are unable to perform their job duties.
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Long Term Disability Insurance. The City shall provide to employees with six months continuous service a Long Term Disability (LTD) plan that provides, after a one hundred eighty (180) day elimination period, sixty percent (60%) salary (subject to integration) up to age sixty-five. Employees who receive payments under the LTD plan shall not be eligible to continue receiving payments under the City's Catastrophic Illness Program.
Long Term Disability Insurance. The City shall provide full time employees long term disability insurance that provides 66 2/3% of base salary, up to a maximum benefit of $3,000 per month, effective the 91st day of the disability.
Long Term Disability Insurance. Benefit Eligible Employees will be enrolled in the Employer's group long term disability insurance policy and will be provided with the coverages specified therein. When the employees meet eligibility requirements but they are not on active status, they will be eligible to enroll upon their return to active status. The Employer will pay the required premiums for the policy.
Long Term Disability Insurance. The School District shall provide, at its own expense, long-term disability insurance for the Superintendent under the School District’s group long-term disability insurance plan.
Long Term Disability Insurance. The Employer agrees to offer group long term disability insurance for bargaining unit employees at employee cost.
Long Term Disability Insurance. The School District shall pay the full premium for coverage in the long-term disability insurance plan for eligible employees. The District shall pay the premium for an LTD policy that will be at 66.66% of base salary and a 60 calendar day waiting period.
Long Term Disability Insurance. The school district shall contribute the full premium for long-term disability insurance for each full-time covered employee employed by this school district who qualifies and is enrolled in the school district group long-term disability insurance plan.
Long Term Disability Insurance. The school employer will pay all but $1.00 toward the cost of long-term disability insurance, which shall pay 66 2/3 of a teacher’s salary beginning on the 91st day and the teacher shall pay the balance of the premium. The insurance carrier is determined and selected solely by the school employer. It is understood that each teacher must pay a minimum of $1.00 towards this insurance plan. A teacher employed under contract for only a portion of the school hear shall be entitled to a proportionate amount of the stipend as specified in Article III.
Long Term Disability Insurance. 240. The SFMTA, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the SFMTA’s Catastrophic Illness Program only to the extent allowed for in the ordinance governing such program.
Long Term Disability Insurance. Will include the following provisions: 66 2/3% of salary after ninety (90) calendar days qualifying period 24 hour coverage, immediate employee eligibility Pre-existing conditions, limitation waived Social Security freeze with family offset 50% maximum offset to benefit of wages Six (6) months before new waiting period is required Premium paid during waiting period for L.T.D. and premium waiver for persons qualifying for L.T.D.