Common use of Disability Plan Clause in Contracts

Disability Plan. A disability plan shall become operative upon the expenditure of all of an employee's accumulated sick leave for a work-connected disability. Benefits shall be payable to age 65 at sixty percent (60%) of an employee's monthly salary up to a maximum of $2,500 per month offset for Worker's Compensation, pension and social security benefits.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Disability Plan. A disability plan shall become operative upon the expenditure of all of an employee's ’s accumulated sick leave for a work-connected disability. Benefits shall be payable to age 65 at 60% (sixty percent (60%percent) of an employee's ’s monthly salary up to a maximum of $2,500 3,500 per month month, offset for Worker's Workers’ Compensation, pension and social security benefits.

Appears in 2 contracts

Samples: Agreement, Agreement

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