Basic LTD Plan definition

Basic LTD Plan means the plan maintained by the Company for its regular, full-time employees through a policy of insurance, which plan provides benefits (after a waiting period) in the event of Disability. Such plan also provides enhanced benefits to executives, including core and additional voluntary coverage.
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Examples of Basic LTD Plan in a sentence

  • Proposed Basic LTD Plan Design MONTHLY RATES Options 17 Weeks 26 Weeks DEDUCTIBLE AMOUNT: None MAXIMUM COVERAGE: $1,600 per family member each calendar year.

  • Under the Basic LTD Plan, the monthly benefit for approved LTD absences is fifty percent (50%) of the employee’s basic monthly earnings, upto a maximum of three thousand dollars ($3000.00) per month for disabilities commencing on or before December 31, 2015, and up to a maximum of two thousand eighty-three dollars ($2083.00) per month for disabilities commencing on or after January 1, 2016.

  • Under the Basic LTD Plan, the monthly benefit for approved LTD absences is fifty percent (50%) of the employee’s basic monthly earnings, up to a maximum of three thousand dollars ($3000.00) per month for disabilities commencing on or before December 31, 2015, and up to a maximum of two thousand eighty three dollars ($2083.00) per month for disabilities commencing on or after January 1, 2016.

Related to Basic LTD Plan

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that: