Income Protection definition

Income Protection means loss of “income” sustained due to partial or total “interruption of business” resulting directly from “loss” or damage to property on the premises described in the “Declarations” from a peril insured against. Ex. A, Section I, Income Protection
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Income Protection means protection for ▇▇. ▇▇▇▇▇▇ in the event of unemployment. If ▇▇. ▇▇▇▇▇▇ becomes employed at any time during the 12 month period for a salary equal or greater to his Exide salary at the time of his departure, Exide's income protection payments will cease. If ▇▇. ▇▇▇▇▇▇ becomes employed at any time during the 12 month period, but for a salary of less than his Exide salary at the time of departure, Exide will make up the salary difference for the remainder of the 12 month period. Unless specifically addressed above, in the event of ▇▇. ▇▇▇▇▇▇'▇ resignation, the Audit Committee may, at its discretion, grant him any one or all of the items 1-5 listed above. Exide Corporation and ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ agree to the terms set forth in this Outline.
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Income Protection means insurance, with a deferred period of seventy eight weeks, to protect against loss of income due to long term ill health;
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Examples of Income Protection in a sentence

  • The Home will provide the employee with Disability Income Protection as per Article 14.01 (c) for weeks eighteen (18) through thirty (30) for any absence due to a legitimate illness.

  • The Home will provide the employee with Disability Income Protection as per Article 14.01 (c) for weeks seventeen (17) through thirty (30) for any absence due to a legitimate illness.

  • IPT Agency Co Ltd administers the insurance schemes covering income protection, trauma and journey accidents (Income Protection, Trauma and Journey Accidents Insurance Schemes).

  • It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day of each month.

  • The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme.

  • The benefits commence six (6) months from the date that disability began, which shall include the period of payment under the terms of the Short Term Income Protection Plan.

  • In such cases, if the employee is subsequently approved for benefits under the Long Term Income Protection Plan, the employee will be reimbursed for any premiums paid directly by the employee.

  • From 1 March 2024 a payment of $5.00 per week per employee, excluding apprentices, shall be paid to supply funding for industry officers as described in clause 4.4.4. The current Incolink Income Protection contribution from 1 October 2023 is $31.50.

  • The Company shall provide Income Protection Insurance through an ETU nominated policy and scheme.

  • It is agreed that the Income Protection Insurance payment will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made.


More Definitions of Income Protection

Income Protection means insurance, with a deferred period of fifty two weeks, to protect against loss of income due to long term ill health;
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