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 1º Degree Option‌ 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 $2,250 of monthly earnings, plus 50% of the next $3,000, plus 40% of the remainder $8,200 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 (Available to employees who have completed 12 months of coverage on the plan) 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 $2,250 of monthly earnings, plus 50% of the next $3,000, plus 40% of the remainder $8,200 monthly max. 100% Employee Paid* Dental 80% $1,500 annual 100% preventative dental max. for Employer Paid services preventative & restorative combined 50% $2,500 lifetime restorative max. For ortho services 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 (Available to employees who have completed 12 months of coverage on the plan) 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 $2,250 of monthly earnings, plus 50% of the next $3,000, plus 40% of the remainder $8,200 monthly max. 100% Employee Paid * Dental 100% preventative services 50% restorative services 50% ortho services $1,500 annual dental max. for preventative & restorative combined $2,500 lifetime max. for 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* Single Cost: $177.84 per year**, or, $7.41 per 24 pay period Cost does not include STD and LTD premium Couple Cost: $355.68 per year**, or, $14.82 per 24 pay period Cost does not include 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

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 1º Degree Option‌ 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 $2,250 2250 of monthly earnings, plus 50% of the next $3,0003000, plus 40% of the remainder $8,200 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 (Available to employees who have completed 12 months of coverage on the plan) 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 $2,250 2250 of monthly earnings, plus 50% of the next $3,0003000, plus 40% of the remainder $8,200 8200 monthly max. 100% Employee Paid* Dental 80% $1,500 annual 100% preventative dental max. for Employer Paid services preventative & restorative combined 50% $2,500 lifetime restorative max. For ortho services 50% ortho services $1500 annual dental max. for preventative & restorative combined $2500 lifetime max. For ortho 100% Employer Paid 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 (Available to employees who have completed 12 months of coverage on the plan) 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 $2,250 2250 of monthly earnings, plus 50% of the next $3,0003000, plus 40% of the remainder $8,200 8200 monthly max. 100% Employee Paid * Dental 100% preventative services 50% restorative services 50% ortho services $1,500 1500 annual dental max. for preventative & restorative combined $2,500 2500 lifetime max. for 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* Single Cost: $177.84 Cost does not per year**, or, include STD and $7.41 per 24 pay period Cost does not include STD and LTD premium period Couple Cost: $355.68 Cost does not per year**, or, include STD and $14.82 per 24 LTD premium pay period Cost does not include STD and LTD premium Family Cost: $533.40 Cost does not per year**, or, include STD and $22.22 per 24 LTD premium pay period Cost does not include STD and LTD premiumperiod

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 Employees‌ Benefits to Fit YOUR Lifestyle January, 2001 1º Degree Option‌ Option:‌ 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 $2,250 2250 of monthly earnings, plus 50% of the next $3,0003000, plus 40% of the remainder $8,200 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) 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 $2,250 2250 of monthly earnings, plus 50% of the next $3,0003000, plus 40% of the remainder $8,200 monthly max. 100% Employee Paid* Dental 80% $1,500 annual 100% preventative dental max. for Employer Paid services preventative & restorative combined 50% $2,500 lifetime restorative max. For ortho services 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 (Available to employees who have completed 12 months of coverage on the plan) 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 $2,250 of monthly earnings, plus 50% of the next $3,000, plus 40% of the remainder $8,200 8200 monthly max. 100% Employee Paid * Dental 80% $1500 annual 100% preventative services 50% restorative services 50% ortho services $1,500 annual dental max. for Employer Paid preventative & 50% restorative restorative services combined 50% $2,500 2500 lifetime ortho services max. for For ortho Employer/ Employee Paid* Extended Health 100% coverage Vision Care 100% Out-of-Province Emergency & Travel Assistance prescription drugs A benefit plan 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* Single Cost: $177.84 per year**, or, $7.41 per 24 pay period Cost does not include STD and LTD premium Couple Cost: $355.68 per year**, or, $14.82 per 24 pay period Cost does not include STD and LTD premium Family Cost: $533.40 per year**, or, $22.22 per 24 pay period Cost does not include STD and LTD premiumchoice. 1º Degree 2º Degree 3º Degree Plus