Common use of Adjustment of Coverage Clause in Contracts

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s annual base salary rate. The term "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Adjustment of Coverage. The amount of life insurance coverage benefits to which an employee is entitled shall be adjusted semiannually semi-annually as of Pay Periods 1 and 15 respectively, and made effective on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365)26.07143.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her his biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-sixty- five (365).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually semi-annually on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision Article of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her his biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 2 contracts

Samples: Memorandum of Agreement, Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually semi- annually on January 1 and July 1 of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 l and July 1 l of the calendar year to reflect changes in the employee' s annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision Article of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 l and July 1 l of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually semi- annually on January 1 and July 1 of the calendar year to reflect changes in the employee' s annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 l and July 1 l of the calendar year to reflect changes in the employee' s 's annual base salary rate. The term term, "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s 's biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision Article of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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