Common use of Basic Group Life Clause in Contracts

Basic Group Life. Subject to the provisions of the plan document, each Employee shall elect to be covered for either one (1x) or two and one half (2 1/2x) times their annual salary. The Employer shall pay the total premium cost of the first twenty-five thousand dollars ($25,000) of insurance (or of the amount of insurance, if less than twenty- five thousand dollars ($25,000). The premium cost of any insurance in excess of twenty-five thousand dollars ($25,000) shall be borne by the Employee.

Basic Group Life. Subject to the provisions of the plan document, each Employee shall elect to be covered for either one (1x) or two and one half (2 1/2x) times their his annual salary. The Employer shall pay the total premium cost of the first twenty-five thousand dollars ($25,000) of insurance (or of the amount of insurance, if less than twenty- twenty-five thousand dollars ($25,000)). The premium cost of any insurance in excess of twenty-five thousand dollars ($25,000) shall be borne by the Employee.

Basic Group Life. Subject to the provisions of the plan document, each Employee shall elect to be covered for either one (1x) or two and one half (2 1/2x) times their his annual salary. The Employer shall pay the total premium cost of the first twenty-five thirty thousand dollars ($25,000) ($30,000) of insurance (or of the amount of insurance, if less than twenty- twenty-five thirty thousand dollars ($25,000) ($30,000)). The premium cost of any insurance in excess of twenty-five thirty thousand dollars ($25,000) ($30,000) shall be borne by the Employee.

Basic Group Life. Subject to the provisions of the plan document, each Employee shall elect to be covered for either one (1x1 x) or two and one half (2 1/2x2½ x) times their his annual salary. The Employer shall pay the total premium cost of the first twenty-five thousand dollars ($25,000) dollars of insurance (or of the amount of insurance, if less than twenty- twenty-five thousand dollars ($25,000) dollars). The premium cost of any insurance in excess of twenty-five thousand dollars ($25,000) dollars shall be borne by the Employee.