Common use of Reduction of Coverage Clause in Contracts

Reduction of Coverage. If you apply later than 31 days following a lifestyle change for a reduction of coverage, you must remain enrolled at the higher level until the next bi-annual enrolment. PLAN DETAILS Full Time Employees‌ Benefits to Fit YOUR Lifestyle January, 2001 1º Degree Option: Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid* Dental 80% preventative services only annual dental max. equals $750 100% Employer Paid Extended Health 80% coverage 100% Out-of- Province Emergency & Travel Assistance eligible expenses include prescription drugs, supplementary health care benefits no vision care no pay direct drug card 100% Employer Paid Single Cost: n/a Couple Cost: n/a Family Cost: n/a *Premiums 100% paid by VersaCold, with the exception of LTD. A benefit plan with choice. 1º Degree 2º Degree 3º Degree Plus 2º Degree Option: (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid * Dental 80% preventative services $1500 annual dental max. for 100% Employer Paid preventative & 50% restorative restorative services combined 50% $2500 lifetime ortho services max. For ortho

Reduction of Coverage. If you apply later than 31 days following a lifestyle change for a reduction of coverage, you must remain enrolled at the higher level until the next bi-annual enrolment. PLAN DETAILS Full Time Employees‌ Benefits to Fit YOUR Lifestyle January, 2001 1º Degree Option: Option:‌ Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid* Dental 80% preventative services only annual dental max. equals $750 100% Employer Paid Extended Health 80% coverage 100% Out-of- Province Emergency & Travel Assistance eligible expenses include prescription drugs, ,supplementary health care benefits no vision care no pay direct drug card 100% Employer Paid Single Cost: n/a Couple Cost: n/a Family Cost: n/a *Premiums 100% paid by VersaCold, with the exception of LTD. A benefit plan with choice. 1º Degree 2º Degree 3º Degree Plus 2º Degree Option: Option:‌ (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid * Dental 80% preventative services $1500 annual 100% preventative services dental max. for 100% Employer Paid preventative & 50% restorative restorative services combined 50% $2500 lifetime ortho services max. For orthoortho A benefit plan with choice. 1º Degree 2º Degree 3º Degree Plus

Reduction of Coverage. If you apply later than 31 days following a lifestyle change for a reduction of coverage, you must remain enrolled at the higher level until the next bi-annual enrolment. A benefit plan with choice 1Β Degree 2Β Degree 3Β Degree Plus PLAN DETAILS Full Time Employees‌ Benefits to Fit YOUR Lifestyle Full Time Employees 1Β Degree Option: January, 2001 1º Degree Option: Benefit Coverage Coverage Details Premiums Life Insurance ! 2 x annual salary 100% Employer Paid AD & D ! 2 x annual salary 100% Employer Paid STD ! 66.7% of weekly earnings ! $600 weekly max. 100% Employer Paid LTD ! 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder ! $8200 monthly max. 100% Employee Paid* Dental ! 80% preventative services only ! annual dental max. equals $750 100% Employer Paid Extended Health ! 80% coverage 100% Out-of- Province Emergency & Travel Assistance ! ! ! eligible expenses include prescription drugs, supplementary health care benefits no vision care no pay direct drug card 100% Employer Paid ! 100% Out-of- Province Emergency & Travel Assistance Single Cost: ! n/a Couple Cost: ! n/a Family Cost: ! n/a *Premiums 100% paid by VersaColdVersacold, with the exception of LTD. A benefit plan with choice. 1º 1Β Degree 2º 2Β Degree 3º 3Β Degree Plus 2º 2Β Degree Option: (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance ! 2 x annual salary 100% Employer Paid AD & D ! 2 x annual salary 100% Employer Paid STD ! 66.7% of weekly earnings ! $600 weekly max. 100% Employer Paid LTD ! 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder ! $8200 monthly max. 100% Employee Paid Paid* Dental ! ! 80% preventative services 50% restorative services ! ! $1500 annual dental max. for preventative & restorative combined $2500 lifetime max. for ortho 100% Employer Paid ! 50% ortho services Extended Health ! ! ! 80% coverage Vision Care 100% Out-of- Province Emergency & Travel Assistance ! ! ! ! prescription drugs with pay direct drug card, supplementary health care benefits $200 per 24 month period for eligible adults and insured dependents over 18, and every 12 months per insured dependent under 18 available to all insured dependents 100% Employer Paid Single Cost: ! n/a Couple Cost: ! n/a Family Cost: ! n/a *Premiums 100% paid by Versacold, with the exception of LTD. A benefit plan with choice. 3Β Degree Option: (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance ! 2 x annual salary 100% Employer Paid AD & D ! 2 x annual salary 100% Employer Paid STD ! 70% of weekly earnings ! ! $600 weekly max. first day surgery Employer/Employee paid* (STD premium will vary based on salary) LTD ! 66.7% of the first $2250 of monthly earnings, plus 50% of ! $8200 monthly max. 100% Employee the next $3000, plus 40% of the remainder Paid* Dental ! ! 100% preventative & services 50% restorative services ! ! $1500 annual dental max. for preventative & restorative services combined 50% $2500 lifetime max. for ortho Employer/Employee paid* ! 50% ortho services maxExtended Health ! 100% coverage ! prescription drugs with pay direct drug card, supplementary health care benefits $200 per 24 month period for eligible adults and insured dependents over 18, and every 12 months per insured dependent under 18 available to all insured dependents ! Vision Care ! ! Employer/Employee paid* ! 100% Out-of-Province Emergency & Travel Assistance ! Single Cost: ! ! $177.84 per year**, or, $7.41 per 24 pay period Cost does not include STD and LTD premium Couple ! $355.68 per year**, or, Cost does not include Cost: ! $14.82 per 24 pay period STD and LTD premium Family Cost: ! $533.40 per year**, or, ! $22.22 per 24 pay period Cost does not include STD and LTD premium *Employee pays the difference in premiums between Option 2 and Option 3 for enhanced coverage for STD, Dental and Extended Health as well as 100% of the LTD premium. For ortho**Premiums are subject to annual adjustment as determined by claims experience. Updated January, 2001 1Β Degree 2Β Degree 3Β Degree Plus

Reduction of Coverage. If you apply later than 31 days following a lifestyle change for a reduction of coverage, you must remain enrolled at the higher level until the next bi-annual enrolment. PLAN DETAILS – Full Time Employees‌ Benefits to Fit YOUR Lifestyle January, 2001 Employees 1º Degree Option: Option‌ Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid* Dental 80% preventative services only annual dental max. equals $750 100% Employer Paid Extended Health 80% coverage 100% Out-of- Province Emergency & Travel Assistance eligible expenses include prescription drugs, supplementary health care benefits no vision care no pay direct drug card 100% Employer Paid Benefit Coverage Coverage Details Premiums Single Cost: n/a Couple Cost: n/a Family Cost: n/a *Premiums 100% paid by VersaCold, with the exception of LTD. A benefit plan with choice. 1º Degree 2º Degree 3º Degree Plus 2º Degree Option: (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 66.7% of weekly earnings $600 weekly max. 100% Employer Paid LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid Paid* Dental 80% preventative services 50% restorative services 50% ortho services $1500 annual dental max. for preventative & restorative combined $2500 lifetime max. For ortho 100% Employer Paid Benefit Coverage Coverage Details Premiums Extended Health 80% coverage Vision Care 100% Out-of- Province Emergency & Travel Assistance prescription drugs with pay direct drug card, supplementary health care benefits $200 per 24 month period for eligible adults and insured dependents over 18, and every 12 months per insured dependent under 18 available to all insured dependents 100% Employer Paid Single Cost: n/a Couple Cost: n/a Family Cost: n/a *Premiums 100% paid by VersaCold, with the exception of LTD. 3º Degree Option: (Available to employees who have completed 12 months of coverage on the plan) Benefit Coverage Coverage Details Premiums Life Insurance 2 x annual salary 100% Employer Paid AD & D 2 x annual salary 100% Employer Paid STD 70% of weekly earnings $600 weekly max. first day surgery Employer/ Employee Paid* (STD premium will vary based on salary) LTD 66.7% of the first $2250 of monthly earnings, plus 50% of the next $3000, plus 40% of the remainder $8200 monthly max. 100% Employee Paid * Benefit Coverage Coverage Details Premiums Dental 100% preventative & services 50% restorative restorative services combined 50% ortho services $1500 annual dental max. for preventative & restorative combined $2500 lifetime ortho services max. For orthofor ortho Employer/ Employee Paid* Extended Health 100% coverage Vision Care 100% Out-of-Province Emergency & Travel Assistance prescription drugs with pay direct drug card, supplementary health care benefits $200 per 24 month period for eligible adults and insured dependents over 18, and every 12 months per insured dependent under 18 available to all insured dependents Employer/ Employee Paid* Benefit Coverage Coverage Details Premiums Single Cost: $177.84 Cost does not per year**, or, include STD and $7.41 per 24 pay LTD premium period Couple Cost: $355.68 Cost does not per year**, or, include STD and $14.82 per 24 LTD premium pay period Family Cost: $533.40 Cost does not per year**, or, include STD and $22.22 per 24 LTD premium pay period *Employee pays the difference in premiums between Option 2 and Option 3 for enhanced coverage for STD, Dental and Extended Health as well as 100% of the LTD premium. **Premiums are subject to annual adjustment as determined by claims experience.