Long Term Disability Insurance Program Sample Clauses
The Long Term Disability Insurance Program clause establishes the provision of insurance coverage for employees who are unable to work for extended periods due to illness or injury. Typically, this clause outlines eligibility requirements, the process for filing claims, and the percentage of salary that will be paid as benefits during the disability period. Its core function is to provide financial security to employees facing long-term health challenges, thereby protecting both the employee’s livelihood and the employer’s responsibility to support their workforce.
Long Term Disability Insurance Program. Subject to Article 18.5, the College shall continue to provide and pay for the current (or comparable) long-term disability benefit for full-time employees and part-time employees.
Long Term Disability Insurance Program. The Company agrees to provide a Long-Term Disability Insurance Program as follows, and the Company will pay one hundred percent (100%) of the premium costs of same: For new claims only occurring on or after the effective dates listed below: Monthly maximum benefit Current benefit $1,300.00 Will commence with the fortieth (40th) week of disability Will not include a waiting period for coverage for seniority Will not be integrated with C.P.P.