Short Term Income Protection Program Sample Clauses

Short Term Income Protection Program. A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and forty-seven (147) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation, professional development, and increments.
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Short Term Income Protection Program. The purpose of this program is to provide income stability to regular Company drivers who are impacted by a temporary lack of work for one to three days in a given week. When a driver is short of 30 hours of pay, he will receive the difference in pay to 30 hours for that week. • No dispatch beyond 60 hours in a week unless it has been offered to all other drivers in order of seniority; • When a job occurs outside of normal dispatch time, the senior undispatched driver will be called when work becomes available and failing to respond between 10:00 and 11:00 am, he will be credited with the hours; • Drivers refusing hours or booking off will get credited with the standard time of the longest available run; • The Company reserves the right to assign the driver to any available work for which the employee is qualified to perform, which may not be dispatch work. • Nothing in this Agreement prevents the Company from laying off, however, if the work load within this group is maintained to where the junior employee is obtaining 40 hours work per week over a 4 week cycle, a laid off employee will be recalled to work. Upon ratification, the Company will hire a minimum of two (2) additional Bargaining Unit Drivers in an effort to ensure no bargaining unit work is sub contracted out. The Union and the Company agree that this Letter of Understanding will not apply for employees hired after November 1, 2013.
Sample 1
Short Term Income Protection Program. 5.1 Short Term Income Protection Program A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation and professional development
Sample 1
Short Term Income Protection Program. .5.1 Short Term Income Protection Program A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details.
Sample 1
Short Term Income Protection Program. Note: Additional provisions regarding Disability Benefits are contained in the Common (provincial) Agreement dated March 30, 2001. Such Disability Benefit provision is contained in Article 9.3 of the Common Agreement. A faculty member absent more than thirty (30) days, due to illness or injury, receive benefits from the Short Term Income Protection (STIP) Plan beginning on the 31st day of illness/injury. The STIP plan shall provide 70% of a faculty member's regular monthly base salary. The monthly maximum specified in the plan shall be $5,000.00. The STIP shall be a one hundred and eighty two (182) day plan. Premiums for the STIP plan shall be paid by the employer and as a result benefits are taxable. Where an employee is on the STIP plan and returns to work and has a reoccurrence or continuance of the same or related illness or injury within a fourteen (14) day period, the second period of disability will be considered a continuation of the first period of disability and benefit payments will resume immediately. Coverage is by means of a policy, issued by the insurance company and should be consulted for full details. Faculty on Short term Income Protection will continue to accrue FTE service for the duration of the Short Term Income Protection Leave. Service will be considered continuous for the purposes of vacation, professional development, and increments.
Sample 1

Related to Short Term Income Protection Program

  • Short Term Layoff In the event of short term layoffs (a layoff of less than thirteen (13) weeks) the Employer will determine the shift(s) and classification(s) in which the layoffs will occur. The parties can agree to alternative methods of reduction of hours if time permits.

  • Short Term Leave Members who are LTD trustees and Union stewards or designates may apply in writing to the Employer for short term leaves of absence for; attendance at union conventions, union courses, and union committees. The employee will give reasonable notice, which will be at least seven (7) days. The Employer will make every reasonable effort to accommodate such leave, and shall grant it subject to the ability to maintain the operational needs of the department. With the exception of members of the Union's executive, the employer is not required to grant more than twenty (20) days LOA per calendar year under this provision.

  • Short Term Leaves Short Term Leaves are designed to allow Teachers who have to apply for short term personal leaves of absence not otherwise covered by this Collective Agreement.

  • Short-Term Plan Benefit (a) In the event an employee is unable to work because of illness or injury he/she will be entitled to a benefit of seventy-five percent (75%) of pay for a period not to exceed seven (7) months from date of absence, (Short Term Plan Period).

  • Short Term Paid Leaves The parties agree that the issue of Short Term Paid Leaves had been addressed at the Central Table and the provisions shall remain status quo to provisions in current local collective agreements. For clarity, any leave of absence in the 2008-12 Collective Agreement, that utilizes deduction from sick leave, for reasons other than personal illness shall be granted without loss of salary or deduction from sick leave, to a maximum of five (5) days per school year. Local collective agreements that have more than (5) days shall be limited to five (5) days. These days shall not be used for the purpose of sick leave nor shall they be accumulated from year-to-year. Such provisions shall not be subject to local bargaining or mid-term amendments between local parties. Notwithstanding this stipulation, local collective agreement terms will need to align with the terms above.

  • SHORT TERM SICKNESS PLAN 37.1 A full time employee who is unable to attend to his or her duties due to sickness or injury is entitled, in each calendar year, to leave of absence,

  • Short-Term Military Leave A unit member shall be granted leave with pay for the purpose of undergoing ordered pre-induction physical examinations for the armed services, and for the purpose of engaging in ordered, temporary training not to exceed thirty (30) workdays per calendar year.

  • Short Term Sick Leave 8. Each school year, an employee absent beyond the eleven (11) sick leave days paid at 100% of salary, as noted in section 2 above, shall be entitled up to an additional one hundred and twenty (120) days short term sick leave to be paid at a rate of 90 per cent of the employee’s regular salary if the employee is absent due to personal illness including medical appointments as per the collective agreement provisions and practices in effect as at August 31, 2012.

  • Short Term Disability Plan The administration of the Short Term Disability Plan and the payment of benefits under this Plan shall be handled by the Company.

  • Short-Term Employees Short-term employees occupy positions (short-term positions) maintained by the District during the fiscal year, 175 days or less in some circumstances and for 165 days or less in other circumstances.

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