Executive Long Term Disability definition

Executive Long Term Disability. This tax free benefit is equal to 60% of the first C$100,000 and 50% of the balance of your annual base salary in effect immediately prior to becoming disabled, up to a maximum benefit of C$30,000 per month. Benefits in payment are increased annually by 50% of any increase in the Consumer Price Index to a maximum of 5% per annum.
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Examples of Executive Long Term Disability in a sentence

  • Executive will be required to join the ------------------------- Executive Long Term Disability Plan.

  • Executive will be required to join the Executive Long Term Disability Plan.

  • In addition to the benefits specifically provided for herein, Executive and her family shall be entitled to participate in all health and welfare benefit plans maintained by the Employer for executive or managerial employees generally according to the terms of such plans, including Executive Long Term Disability coverage (which is an individual medically underwritten policy and subject to a physical examination for eligibility).

  • The Company shall purchase, on behalf of the Executive, Long Term Disability Insurance that will cover the 65% of the Executives Base salary.

  • Employee may also participate in the Company’s Deferred Compensation, Executive Long Term Disability Plan and Executive Life Plan subject to the terms and conditions of said plan during the Employment Term.

  • In addition to the benefits specifically provided for herein, Executive and his family shall be entitled to participate in all health and welfare benefit plans maintained by the Employer for executive or managerial employees generally according to the terms of such plans, including Executive Long Term Disability coverage (which is an individual medically underwritten policy and subject to a physical examination for eligibility).

  • Participation in the plan shall be limited to those former BLS executives who (a) previously participated in BellSouth Corporation Executive Long Term Disability and Survivor Protection Plan, (b) were contributed to Cingular Wireless as part of the formation of Cingular Wireless on or before December 31, 2001, and (c) are specifically identified on Appendix B, hereto.

  • Executive Long Term Disability Policy Your Executive Long Term Disability Policy with Graco will end on December 31, 1999.

  • The Company will provide Health and Welfare Coverage and Executive’s Executive Long Term Disability Coverage (for the plans and options currently in effect as elected by Executive) at no additional cost to Executive from the date hereof through October 31, 2017, subject to the terms of the applicable plans.

  • No determination has yet been made regarding the Executive’s eligibility for benefits under the Corporation’s Key Executive Long Term Disability Plan, and the Corporation acknowledges that the Executive’s termination of employment does not preclude her from applying for, or impact her eligibility for, long-term disability benefits under that Plan.

Related to Executive Long Term Disability

  • Long-Term Disability means the Grantee is receiving long-term disability benefits under the Employer’s long-term disability plan.

  • Long-term disability insurance or "LTD insurance" means employ- er-paid long-term disability insurance and employee-paid long-term disability insurance offered by the PEBB program.

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.

  • Disability retirement for plan 1 members, means the period

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.