Common use of Accidental Death and Dismemberment Insurance for Occupational Accident Coverage Clause in Contracts

Accidental Death and Dismemberment Insurance for Occupational Accident Coverage. (a) The Employer shall maintain a Master Insurance Policy for all Employees covered by this Agreement that provides insurance coverage of four times (4X) annual earnings up to a maximum principal sum of $200,000.00 in the event of accidental death or dismemberment resulting from injury occurring while working for the Employer including travelling on Employer business except that the benefits under this policy shall be reduced by the amount of insurance benefits paid or payable pursuant to the insurance coverage under Clause 31.01, Sub-Clause (c).

Accidental Death and Dismemberment Insurance for Occupational Accident Coverage. (a) The Employer shall maintain a Master Insurance Policy for all Employees covered by this Agreement that provides insurance coverage of four times (4X) annual earnings up to a maximum principal sum of $125,000.00 ($200,000.00 effective July 1, 2008) in the event of accidental death or dismemberment resulting from injury occurring while working for the Employer including travelling on Employer business except that the benefits under this policy shall be reduced by the amount of insurance benefits paid or payable pursuant to the insurance coverage under Clause 31.0132.01, Sub-Sub- Clause (c).