Accidental Death and Dismemberment Insurance Plan Sample Clauses

Accidental Death and Dismemberment Insurance Plan. The Employer shall provide a mutually acceptable Accidental Death and Dismemberment Insurance Plan with twenty-four (24) hour coverage and payments based on a principle amount which is equal to at least two times (2X) the employee’s annual salary.
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Accidental Death and Dismemberment Insurance Plan. The Company will arrange with an insurance company for the provision of an Accidental Death and Dismemberment Insurance Plan for employees represented by the Union as set out herein.
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Accidental Death and Dismemberment Insurance Plan. The optional AD&D plan offers a full 24 hour, 365 day a year, coverage against accidents occurring anywhere in the world, whether you are on or off the job.
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Accidental Death and Dismemberment Insurance Plan. The Accidental Death and Dismemberment Insurance coverage provides benefits for loss of the employee's life, limbs or the entire and irrecoverable loss of sight, including losses resulting from occupational bodily injuries. The benefits are payable if the loss is a direct result of a bodily injury caused by an accident and the loss is sustained within 90 days after the date of the accident. The Accidental Death and Dismemberment Benefit full Principal Sum is equal to one and one quarter times Basic Annual Salary up to a maximum benefit of $50,000. Basic Annual Salary is the employee's annual rate of basic earnings in effect, exclusive of bonuses, overtime, or other extra compensation. The full Principal Sum will be paid to the employee's beneficiary in the event of the employee's death. This amount is in addition to any amount payable under the employee's Life Insurance. The full Principal Sum will be paid to the employee for the loss of: Both Hands One Hand and Sight of One Eye Both Feet One Foot and Sight of One Eye Sight of Both Eyes One Hand and One Foot The full Principal Sum also will be paid to the employee for the loss of one hand if the employee previously lost hearing, as defined below. One-half of the Principal Sum will be paid to the employee for the loss of speech or hearing of both ears, one hand, one foot, sight of one eye or the loss of use of the hand, arm, foot or leg. Loss of a hand or foot means actual severance at or above the wrist or ankle joint; loss of sight, speech, hearing or loss of use means loss that is total, cannot be recovered, lasts one year and is deemed to be permanent. In no case will more than the full Principal Sum be paid for all losses sustained through any one accident. Since the purpose of this coverage is to provide benefits for losses due to accidents, no benefits are paid on account of a loss caused or contributed to by: bodily or mental infirmity; disease, ptomaines or bacterial infections; medical or surgical treatment (unless made necessary by an injury covered under the Plan) suicide or intentionally self-inflicted injury; war or any act of war. The injury causing the loss must occur while insurance is in force. Section 8.
Sample 1
Accidental Death and Dismemberment Insurance Plan. The Employer will continue to provide all Employees except Casual Employees and Part Time Employees regularly working twenty four (24) hours or less in any given calendar week with Accidental Death and Dismemberment Insurance benefits under the terms of the applicable insurance policy. Coverage will be effective on the first day of the calendar month following three (3) months of continuous service as follows: (a) The Accidental Death And Dismemberment Insurance Plan will provide twenty-four (24) hour coverage and payments based on a principle amount which is equal to one (1) times the employee’s annual salary, rounded to the next higher one thousand dollars ($1,000) if not already a multiple of one thousand dollars ($1,000) or for an amount of twenty five thousand ($25,000) whichever is the greater. Employees will be permitted to purchase additional coverage at the company’s preferred rate. (b) For purposes of determining an Employee’s Accidental Death And Dismemberment Insurance Plan coverage, “annual earnings” shall be computed semi-annually and shall be based on salary scales actually in effect on January 1st and July 1st each year. (c) The Employer shall contribute one hundred percent (100%) of the cost of the policy.
Sample 1

Related to Accidental Death and Dismemberment Insurance Plan

  • Accidental Death and Dismemberment Insurance The plan provides accidental death and dismemberment insurance coverage in an amount equal to your basic group life insurance (two times your current annual salary). Coverage is provided 24 hours per day, anywhere in the world, for any accident resulting in death, dismemberment, paralysis, loss of use, or loss of speech or hearing. If you sustain an injury caused by an accident occurring while the policy is in force which results in one of the following losses, within 365 days of the accident, the benefit shown will be paid to you. In the case of accidental death, the benefit will be paid to the beneficiary you have named to receive your group life insurance benefits. Benefits are payable in accordance with the following schedule: · Life · Both Hands or Both Feet · Entire Sight of Both Eyes · One Hand and One Foot · One Hand and Entire Sight of One Eye · One Foot and Entire Sight of One Eye · Speech and Hearing in Both Ears · Use of Both Arms or Both Legs or Both Hands · Quadriplegia (total paralysis of both upper and lower limbs) · Paraplegia (total paralysis of both lower limbs) · Hemiplegia (total paralysis of upper and lower limbs of one side of the body) · One Arm or One Leg · Use of One Arm or One Leg · One Hand or One Foot · Entire Sight of One Eye · Speech or Hearing in Both Ears · Use of One Hand or One Foot · Thumb and Index Finger of One Hand · Four Fingers of One Hand

  • Accidental Death and Dismemberment Coverage An employee may purchase accidental death and dismemberment coverage that provides principal sum benefits in amounts ranging from five thousand dollars ($5,000) to one hundred thousand dollars ($100,000). Payment is made only for accidental bodily injury or death and may vary, depending upon the extent of dismemberment. An employee may also purchase from five thousand dollars ($5,000) to twenty-five thousand dollars ($25,000) in coverage for his/her spouse, but not in excess of the amount carried by the employee.

  • Accidental Death and Dismemberment The Employer agrees to provide all active full-time employees with Accidental Death and Dismemberment benefit coverage equal to one (1) times their annual earnings in case of accidental death. Coverage is also provided for other losses such as speech and hearing, use of arms and legs, etc.

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all employees eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. An employee may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition. $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Group Life and Accidental Death and Dismemberment (a) The Employer will pay 100% of the premiums for the group life and accidental death and dismemberment insurance plans. (b) The plan will provide basic life insurance in the amount of $50,000 and standard 24 hour accidental death and dismemberment insurance until age 65. At the age of 65 the amount of coverage will decrease to $25,000 until the age of 70, at which time the group insurance coverage will cease. Employees may purchase additional insurance provided this option is available by the carrier. The Employer will deduct the appropriate amount from the employee's pay for this option. (c) On termination of employment (excluding retirement) coverage for group life will continue without premium payment for a period of 31 days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of their group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (d) Employees will be entitled to advance payment of Group Life Benefits in accordance with Memorandum of Agreement #7 (Re: Advance Payment of Group Life Benefits).

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Long-term Disability Coverage New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section 5C. An employee who is insurance eligible and moves from a temporary position to a permanent position will be allowed to enroll in long-term disability coverage within thirty (30) days of the event without providing evidence of insurability. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an employee may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the employee's salary, commencing on the 181st calendar day of total disability, and not subject to evidence of insurability but with a limited term pre-existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e., Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the employee becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

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