Third Party Subrogation Clause Samples
Third Party Subrogation. The parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.
Third Party Subrogation. The Parties agree to recommend to the Trustees of the Health and Welfare Plan #2 that effective April 16, 1992 a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member's pre-disability gross income. Gross income will be calculated by using the member's regular hourly job rate times forty
Third Party Subrogation. The Weekly Indemnity Plan will be reimbursed damages recovered a liable third party for illness, injury or income loss. The Plan will which exceeds of the employee's gross income. Gross income will be calculated by using the employee's regular hourly job rate times hours. Legal fees shall be deducted from said prior to establishing the employees benefit. LONG TERM DISABILITY
Third Party Subrogation. The parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.
g) Total cost of providing insurance coverage shall be borne by the Company.
h) Eligibility shall be the first of the month following date of completion of the employee’s probationary period.
i) Effective December 10, 1983 employees who have already qualified for the Disability Waiver will retain their eligibility for present coverage. Those employees who, on December 10th, 1983, are in receipt of Weekly Indemnity, W.C.B. wage loss or Long Term Disability income will continue to be eligible for the Group Life Disability Waiver that was in force prior to the above noted date. After December 10th, 1983, the Group Life Waiver of premium clause will terminate at age sixty-five (65)
j) Coverage will be portable for all employees covered by collective agreements between members of CONIFER, Forest Industrial Relations Limited, the Interior Forest Labour Relations Association, Weldwood of Canada Limited,, and Canfor Limited , and the IWA-CANADA, and there shall be no waiting period for qualified employees changing employers within the Industry.
k) i) Layoff coverage for employees with more than three (3) month’s seniority, but less than one (1) year’s seniority will be three months. Layoff coverage for employees with one (1) or more year’s seniority will be six (6) months.
Third Party Subrogation. The parties agree to recommend to the Trustees of the Health and Welfare Plan No. that a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds of the member's gross income. Gross income will be calculated by using the member's regular hourly job rate times hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.