LTD Coverage Clause Samples
The LTD Coverage clause defines the terms and conditions under which long-term disability insurance is provided to eligible individuals, typically employees. It outlines the scope of coverage, including the percentage of income replaced, the waiting period before benefits begin, and the duration of payments in the event of a qualifying disability. This clause ensures that individuals are financially protected if they become unable to work due to a long-term illness or injury, thereby offering income security and peace of mind.
LTD Coverage. The Board shall provide non-duty related sickness and accident coverage which shall commence once the Employee has served a sixty (60) work day waiting period. This benefit shall provide the bargaining unit member sixty-six and two-thirds (66 2/3) per cent of her/his wage, including social security benefits for the duration of the disability or to age sixty-five (65) whichever occurs first. All provisions of the insurance contract in effect on the date of ratification shall be controlling in determining Employee eligibility for disability benefits. Disability of any Employee occasioned by work-related injury shall be exclusively covered by worker's compensation.
LTD Coverage. The parties agree to present information to the bargaining unit regarding long term disability coverage. The employees will be presented with the costs associated with such coverage prior to implementing said coverage in the current benefit package. The union and the employer agree to work to resolve any implementation issues that may arise from the latter.
LTD Coverage. Eligible Employees shall have LTD coverage for both occupational and non-occupational illnesses and injuries.
LTD Coverage. Members to decide as a group at a later date if they want LTD coverage. If decision is affirmative then dealership to facilitate the deduction and remittance of the premium costs.