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 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 (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 $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 1° Degree 2° Degree 3° Degree Plus Full Time Employees‌ Benefits to Fit YOUR Lifestyle Employees January, 2001 1° 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 $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 1° Degree 2º 2° Degree 3º 3° Degree Plus 2° 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 $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 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 1° Degree 2° Degree 3° Degree Plus 3° 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 • 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* 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* 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 1° Degree 2° Degree 3° 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 1Β Degree 2Β Degree 3Β Degree Plus Full Time Employees‌ Benefits to Fit YOUR Lifestyle January, 2001 Employees 1Β 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 $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 VersaCold, with the exception of LTD. A benefit plan with choice. 1º 1Β Degree 2º 2Β Degree 3º 3Β Degree Plus 2Β 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 $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 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 max. For orthoExtended 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 1Β Degree 2Β Degree 3Β Degree Plus