Disability and Life Insurance Benefits. 1. All employees in the bargaining unit are covered by the Disability and Life Insurance Policy (above) provided by the Board. The benefits are as follows:
Disability and Life Insurance Benefits. A. The Employer agrees to provide Employee a cafeteria health benefit of $1,200.00 per month.
Disability and Life Insurance Benefits. Regardless of whether Executive signs this Agreement, following the Separation Date, Executive shall cease to be an eligible participant in First Charter's group long-term disability and group life insurance plans. Executive may elect potential coverage continuation and/or conversion, as applicable and otherwise eligible, through the applicable carrier for the same. 5 However, Executive and First Charter agree that all conversion and buy-out fees, premiums and other expenses regarding Executive's coverage continuation and/or conversion rights for group long-term disability and group life insurance plans shall be the absolute and sole obligation of Executive.
Disability and Life Insurance Benefits. During the Term, the Executive shall be entitled to long-term disability coverage providing benefits (to continue for such period as is provided in the applicable disability plan or program, as amended from time to time) equal to 60% of Base Salary up to a maximum of $20,000 per month in the case of a covered disability (with up to $15,000 per month payable under the applicable disability plan or program and up to $5,000 per month payable by the Company), and term life insurance policy with a face amount equal to $5 million, of which one-half will be payable to the Company and one-half payable to the Executive. The Company shall use commercially reasonable efforts to obtain such policies as soon as is reasonably practicable following execution of this Agreement.
Disability and Life Insurance Benefits. Employee shall be covered and receive the same disability benefits as all City employees.
