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). (b) The total premium cost of this Master Insurance Policy shall be paid by the Employer. (c) Coverage provided shall be in accordance with the terms and conditions of the Master Policy of Insurance of which the Employer is the policyholder. The Employer shall provide the Union with a copy of the policy and any letter of intent issued by the Insurer.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
