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.