Common use of Term Disability Clause in Contracts

Term Disability. The employee shall pay the full cost of the billed premium for all permanent Employees for a Long Term Disability Plan to provide the employee with a monthly benefit in an amount equal to of an employee’s monthly earnings to a maximum benefit of per month. The elimination period is one hundred and twenty (120) days. Employees who are required to use their own automobile for Agency business will be compensated for liability insurance as follows: The Agency shall pay the difference between the rate for liability insurance on the employee’s automobile if used for pleasure only, and the rate required to insure such automobile if used as well for the purpose of the Agency, up to a maximum difference of ($250.00) two hundred and fifty dollars.