Common use of WELFARE PROGRAM Clause in Contracts

WELFARE PROGRAM. 14.01 For the duration of the Agreement the Company will pay the cost of the Basic Life Insurance, Weekly Indemnity, and Long Term Disability Plans and maintain them at the same level of benefits. The Company will also maintain the existing Pension, Dental Plans and Extended Health Care coverage on the same cost-sharing basis. Details of these benefits are as outlined in the policies. Orthodontic coverage will be provided with a 50% co-insurance feature. This plan will provide a $4,000 lifetime maximum with a $2,000 maximum for any one (1) calendar year. This plan is provided to all employees and their dependents regardless of age. Pit and fissure treatments will be provided for dependent children under the age of sixteen (16). The Company will provide the Union with copies of the Ontario Dental Association (ODA) fee guides for General Practitioners and Specialists annually, if requested. In the event that the Company is obligated by law to contribute towards the cost of benefit(s) which are the same or similar to one or more of the medical benefits referred to in Article 14.01, the same arrangements for payment will apply as in 14.01. The Company will provide the Union with copies of appropriate policies. The life insurance of all regular employees covered by this Agreement will be equivalent to 1.6 times basic earnings (1946.49 x base rate inclusive of shift differential and rounded to the next highest multiple of one- thousand 1,000). Minimum coverage to be $25,000. Employees may apply for optional insurance in $10,000 units to a maximum of $250,000. Whenever the Company/Insurance Carrier requests uninsured health care services, Cabot Canada Ltd. agrees to reimburse the employee for the costs of such services. The Weekly Indemnity Plan referred to in Article 14.01 will provide a weekly benefit of 75% of regular weekly earnings. Weekly Indemnity will be based on a 16-hour waiting period for sickness. The waiting period will be waived should the employee be unable to work for a period of two (2) consecutive calendar weeks or more as a result of the same disability for the first occurrence in a calendar year. If the employee is hospitalized (hospitalized means active bed treatment or emergency room bed treatment), suffers an accident or undergoes surgery performed by a licensed physician in their office or clinic, payment will commence on the first day. An employee under Doctor’s care will be paid all wage increases as they come into effect.

WELFARE PROGRAM. 14.01 For the duration of the Agreement the Company will pay the cost of the Basic Life Insurance, Weekly Indemnity, and Long Term Disability Plans and maintain them at the same level of benefits. The Company will also maintain the existing Pension, Dental Plans and Extended Health Care coverage on the same cost-sharing basis. Details of these benefits are as outlined in the policies. Orthodontic coverage will be provided with a 50% co-insurance feature. This plan will provide a $4,000 lifetime maximum with a $2,000 maximum for any one (1) calendar year. This plan is provided to all employees and their dependents regardless of age. Pit and fissure treatments will be provided for dependent children under the age of sixteen (16). The Company will provide the Union with copies of the Ontario Dental Association (ODA) fee guides for General Practitioners and Specialists annually, if requested. In the event that the Company is obligated by law to contribute towards the cost of benefit(s) which are the same or similar to one or more of the medical benefits referred to in Article 14.01, the same arrangements for payment will apply as in 14.01. The Company will provide the Union with copies of appropriate policies. The life insurance of all regular employees covered by this Agreement will be equivalent to 1.6 times basic earnings (1946.49 x base rate inclusive of shift differential and rounded to the next highest multiple of one- one-thousand 1,000). Minimum coverage to be $25,000. Employees may apply for optional insurance in $10,000 units to a maximum of $250,000. Whenever the Company/Insurance Carrier requests uninsured health care services, Cabot Canada Ltd. agrees to reimburse the employee for the costs of such services. The Weekly Indemnity Plan referred to in Article 14.01 will provide a weekly benefit of 75% of regular weekly earnings. Weekly Indemnity will be based on a 16-hour waiting period for sickness. The waiting period will be waived should the employee be unable to work for a period of two (2) consecutive calendar weeks or more as a result of the same disability for the first occurrence in a calendar year. If the employee is hospitalized (hospitalized means active bed treatment or emergency room bed treatment), suffers an accident or undergoes surgery performed by a licensed physician in their office or clinic, payment will commence on the first day. An employee under Doctor’s care will be paid all wage increases as they come into effect.