LONG-TERM DISABILITY INSURANCE COVERAGE Sample Clauses

LONG-TERM DISABILITY INSURANCE COVERAGE. Subject to Executive's insurability on a standard risk basis, Company shall provide Executive with long-term insurance disability coverage for an amount equal to 66 2/3% of his Annual Base Salary, as it may be adjusted from year to year. For this purpose, "long-term disability" shall mean disability for purposes of receiving benefits under the Company's group long-term disability insurance plan for employees. The Company, in its sold discretion, can fulfill its obligation hereunder, in whole or in part, by means of Executive's participation in the Company's long-term disability insurance plan for employees. The Company shall purchase and maintain an individual, long-term disability policy to provide for such coverage amount that is not otherwise provided through the Company group disability plan. Other than the amount of benefit provided for thereunder, the provisions of such individual policy shall be substantially comparable to those contained in the Company's group disability plan. Upon termination of his employment other than by the Company for cause (as provided for in Section 5.1), Executive shall be entitled, with no obligation of reimbursement to the Company, to exercise any option, available to him under the individual insurance policies and/or contracts purchased and maintained by the Company, to assume ownership thereof and continue such policies and/or contracts in full force and effect.
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LONG-TERM DISABILITY INSURANCE COVERAGE. 1. For each full-time employee, the Employer shall provide without cost to the Employee a long-term disability insurance plan with benefits of sixty percent (60%) Max $5,000 of monthly earnings to the Employee who is totally disabled due to extended illness or injury. The policy may provide a "write off" or "offset" which permits the carrier to reduce the benefit by the amount collected from social security, and state plan benefits or any other plan. The benefits of this plan shall commence after one hundred eighty (180) calendar days of such illness or injury and shall be payable until the Employee reaches age sixty-five (65), or the Employee is declared able to work, or death, whichever shall occur first. For the purposes of the long- term disability coverage, monthly earnings shall be the Employee’s regular salary divided by twelve (12) months This benefit shall begin when the employee:
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LONG-TERM DISABILITY INSURANCE COVERAGE. The City agrees to continue to provide Long-Term Disability Insurance coverage to the employees covered by this M.O.U. Effective the first day of the month following Council approval of this MOU, the monthly premiums will be paid by the City and will not be deducted from employees’ monthly flexible benefit allocation.
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LONG-TERM DISABILITY INSURANCE COVERAGE. The City shall provide each regular, full-time employee with LTD insurance coverage with a benefit of fifty percent (50%) of the employee’s regular wages up to maximum benefit of two thousand dollars ($4,000) per month. The City shall pay the entire premium for such coverage.
Sample 1
LONG-TERM DISABILITY INSURANCE COVERAGE. During the term of this Agreement, the Employer shall obtain a group long term disability program for full time employees. Employees who become disabled and who are otherwise eligible shall receive from the insurance carrier weekly indemnity payments consisting of sixty percent (60%) of their normal gross weekly wages. These benefits shall be payable from the 180th day of disability through age sixty-five (65). The benefits payable under this program are coordinated with compensation paid under other similar programs such as the Social Security Act, worker’s compensation, and the County’s retirement Plan. The specific terms and conditions governing the long term disability program are set forth in detail in the policy governing the program as issued by the carrier, currently UNUM. The County pays the premium for the employee and includes the cost of that insurance in the employee’s W-2 compensation each year.
Sample 1
LONG-TERM DISABILITY INSURANCE COVERAGE. During the term of this Agreement, the Employer shall obtain and pay the required premiums for a long term disability program for those full-time employees occupying a classification covered by this Agreement who participate in the Defined Contribution Plan. Employees who become totally disabled and prevented from working for remuneration or profit and who are otherwise eligible shall receive from the Employer’s insurance carrier weekly indemnity payments consisting of sixty-six and two-thirds percent (66 2/3%) of their normal gross weekly wages per month. These benefits shall be payable from the 90th day of disability through age sixty-five (65). The benefit payable under this program is coordinated with compensation paid under the Social Security Act. The specific terms and conditions governing the long term disability program is set forth in detail in the policy governing the program as issued by the carrier.
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LONG-TERM DISABILITY INSURANCE COVERAGE. (including medical disability resulting from pregnancy under Article XV, Section A.1.a.)
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LONG-TERM DISABILITY INSURANCE COVERAGE. “LTD”) The Employer, as directed by the Union Benefit Administration Office, will deduct from the employee’s pay an amount directed by the Union Benefit Office. Such deductions shall be remitted monthly to the Union together with the Employer’s Benefit Plan contributions per above. Participation in the Plan and in the payroll deduction is mandatory, except where eligibility ceases due to age.
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Related to LONG-TERM DISABILITY INSURANCE COVERAGE

  • Long-Term Disability Insurance 250. The City, 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 City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Disability Insurance The Company shall maintain, at its cost, supplemental renewable long-term disability insurance as agreed to by the Company and the Executive.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Long-Term Disability The Employer agrees to provide Long Term Disability benefits for active full-time employees after fifty-two (52) weeks if an Employee is unable to perform any occupation (reasonably suited by means of training, education or experience). The Plan will provide for sixty-six and two thirds percent (66 2/3%) of an Employee's basic monthly earnings to a maximum of $1,500.00. Coverage would cease the date an Employee attains normal retirement age.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least:

  • Excess Liability Insurance $___________________ minimum required insurance policy for anything other than General Liability or Automobile coverage. ☐ - Additional Insurance Requirement: Client, Contractor, and any other entity which the Contractor is required to name as an additional insured under the Prime Contract shall be named as additional insureds under the General Liability Insurance required by this Section and any such insurance afforded to the additional insureds shall apply as primary insurance. Any other insurance maintained by the Client or Contractor shall be excess insurance and shall not be called upon to contribute to Subcontractor’s primary or excess insurance carrier’s duty to defend or indemnify unless required by law. The excess insurance required above shall also afford additional insured protection to Client and Contractor. This Section shall in no event be construed to require that additional insured insurance coverage be provided to a greater extent than permitted under the statutes or public policy governed under State law. Certificates of Insurance. Certificates of insurance, and the required additional insured and other endorsements, including waivers of subrogation shall be furnished to Contractor before the performance of any Services.

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