Special provisions concerning disbursement Sample Clauses

Special provisions concerning disbursement. If an employee meets the eligibility criteria for disability benefits, the benefits shall be paid to the employer as long as the employee receives a salary from the employer, subject, however, to the provision that the employer may only claim the amount corresponding to the actual payroll cost. Any excess amounts shall be paid to the employee. Excess amounts to be disbursed to the employee shall be calculated as the difference between the disability benefit and the employer’s payroll cost vis-à-vis the employee. The employer’s payroll cost vis -à-vis the employee shall be calculated as a monthly salary plus any pension contribution, holidays allowance, group life allowance, the employer’s ATP (the Danish Labour Market Supplementary Pension Scheme) contribution share, and deduction for any government-provided reimbursement or payment to the employee in the period. Furthermore, a set-off shall be made of the employer’s payroll cost vis-à-vis the employee during the waiting period before the first disbursement of the disability benefit. Any disbursement on the death of the employee shall be made to the immediate next of kin of the deceased, as defined by the Insurance Contracts Act. The employee may make other provisions concerning beneficiaries.
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