Page 20 - 2025-26 Gas Clip Technologies Benefit Guide2

Employer Paid Long Term Disability:

Lincoln Financial

Employer Paid (LTD) Long-Term Disability Coverage

Gas Clip Technologies provides all full time employees with 100% Employer PAID Long-term Disability
(LTD) insurance, which pays you a portion of your salary while you’re away from work or recovering
from a covered illness or injury.

When you’re unable to collect your normal paycheck due to injury or illness, your disability policy provides money
that can help you pay your bills.

• Benefits begin after 90 days after an injury or illness
• Benefits can continue up to Age 65 or Normal Social Security Retirement Age
• Benefit Amount pays up to 60% of your income.
• Maximum Monthly Benefit paid is up to $5,500 based on your income
• Additional 10% up to $5,000 for Progressive Income Benefit
• Pays for Disabilities caused by accident and/or sickness
Own Occupation: 2 Years
Definition of Monthly Earnings:
Monthly earnings for salaried employees is the gross annual salary in effect immediately prior to the date
disability begins, divided by 12. Monthly earnings for hourly employees is the hourly rate of pay multiplied by
the average number of hours worked during the 12 month period immediately prior to the date disability
begins. If employed for part of the prior 12 month period, monthly earnings is the hourly rate of pay multiplied
by the average number of hours worked.
Total Disability:

Total Disability means that, due to an injury or sickness, an employee is unable:
1. During the ELIMINATION PERIOD and the "OWN OCCUPATION" Period, to perform each of the main
duties of his or her regular occupation; and
2. After the "OWN OCCUPATION" Period, to perform each of the main duties of any occupation which
his or her training, education or experience will reasonably allow.
Partial Disability Benefits: Residual with Progressive
Partially Disabled for the Plan will be defined as follows:
1. During the Elimination Period and Own Occupation Period, it means that due to an Injury or Sickness
the Insured Employee:
a. is unable to perform one or more of the main duties of his or her occupation, or is unable to
perform such duties full-time; and
b. is engaged in Partial Disability Employment.
2. After the Own Occupation Period, it means that due to an Injury or Sickness the Insured Employee:
a. is unable to perform one or more of the main duties of any Occupation which his or her training,
education or experience will reasonably allow, or is unable to perform such duties full-time; and
b. is engaged in Partial Disability Employment.
Partially Disabled:
If you become disabled and can work part-time (but not full-time), you may be eligible for partial disability
benefits.
PRE-EXISTING CONDITION: (Existing coverage reduces Pre-Existing periods)
If you have a medical condition that begins before your coverage takes effect, and you receive treatment for this condition within the 3
20 months leading up to your coverage start date, you may not be eligible for benefits for that condition until you have been covered by the
plan for 12 months.