LTD Plan. The Company will provide at no cost to Employees a long term disability plan which will take effect when an Employee has exhausted his coverage under the weekly indemnity insurance plan. A copy of the master policy will be made available to the Union. Benefits are paid from the point at which weekly indemnity benefits cease, should the same non- occupational accident or illness continue. Monthly benefit level will be 60% of the regular hourly rate at the date when indemnity payments commenced, calculated as follows: • hourly rate x 2080 divided by 12 to a maximum of $2,500) Employees eligible for disability payments from government programs, which may reduce the level of L.T.D. coverage, must apply for these benefits.
LTD Plan. The Board shall arrange for a Long Term Disability Plan but does not assume any liability for the plan and will not contribute to the premium. It is agreed and understood that no grievance relating to LTD benefits or benefits entitlement shall be arbitrable. It is understood that the Plan is controlled solely by the Plan participants. The Plan shall contain the following components:
LTD Plan. An individual who is Totally Disabled under the LTD Plan (as defined therein) on the Distribution Date and who would become a Corn Employee if he or she was in active employment on the Coverage Date (as mutually agreed by CPC and Corn) shall continue to receive benefits under the LTD Plan after the Distribution Date for so long as such individual remains Totally Disabled. At such time as such individual is no longer Totally Disabled, such individual shall not be eligible to become a CPC Employee, CPC shall have no further liability to him or her, and, consistent with the requirements of applicable law, Corn shall determine whether such individual shall become a Corn Employee.
LTD Plan. 7.03.1 The Board shall maintain and make available to teachers, a Long Term Disability Plan of insurance (the LTD Plan). The LTD Plan will pay qualifying teachers a maximum amount equivalent to sixty percent (60%) of their salary plus their Teachers' Pension Plan Contribution.
LTD Plan. The Company shall pay the monthly premium rate of the LTD plan which shall be administered in accordance with the terms of the insurance policy up to the rates for the duration of this collective agreement.
LTD Plan. The Employer agrees to the continuation of the LTD Plan on the following basis:
LTD Plan. Long-Term Disability Benefits: To be eligible for Long-Term Disability (LTD) Benefits, employees must work 30 or more regularly scheduled hours per week. All eligible employees are required to participate in the Long-Term Disability (LTD) Program. Long-term disability (LTD) premiums will be paid by the employee.
LTD Plan. Enrolment in the Ontario Teachers Insurance Plan (O.T.I.P) Long Term Disability is compulsory for each teacher. The Board agrees to make the required deductions to permit each eligible teacher’s enrolment in the Long Term Disability Plan provided through O.T.I.P. The cost of enrolment in the plan will be borne by the teachers.
LTD Plan. Parties agree to investigate increasing the LTD benefit to 60% of base salary, within the first 6 months following the date of ratification. Should such increase in benefits involve an increase cost to the Company or members the increase to the benefit shall be subject to mutual agreement of the parties. The Parties have executed this Agreement this 20th day of December 2013.
