Conversion of Employee’s Insurance Sample Clauses

Conversion of Employee’s Insurance. Upon termination of employment, the employee shall be entitled to have issued to him by the Insurance Company without evidence of insurability, upon application made to the Insurance Company within thirty-one days after such termination, and upon payment of the premium applicable to the class of risk which he belongs, and to the plan and amount of the Policy at his then attained age, an individual policy of life insurance on anyone of the forms regularly issued by the Insurance Company at such time without Disability, Double Indemnity or Guaranteed Family Income Benefits, in an amount presently granted under this provision by the Insurance Company but in no event greater than the employee’s insurance in force at date of termination. The amount of insurance under this provision subject to the Insurance Laws of the Province of Ontario, shall not be greater than the amount of insurance presently enforce with a minimum policy of $5,000. Subject to the employee’s Insurance Certificate remaining in force.
Sample 1
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Related to Conversion of Employee’s Insurance

  • Continuation of Employment This Agreement shall not confer upon the Participant any right to continue employment with the Company or its Subsidiaries, nor shall this Agreement interfere in any way with the Company’s or its Subsidiaries’ right to terminate the Participant’s employment at any time. The Participant’s employment shall continue to be on an “at-will” basis.

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Condition of Employment The Employee acknowledges that his/her employment and the continuance of that employment with the Company is contingent upon his/her agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its proprietary and confidential information is critical to its survival and success.

  • SEPARATION OF EMPLOYMENT (a) If an employee is discharged by the Employer, he shall be paid in full for all monies owing to him by the Employer on the date of his discharge.

  • Types of Employment 11.1 Employment categories Employees under this agreement will be employed in one of the following categories:

  • Preference of Employment 8.41 First preference of employment and dispatch shall be given to fully registered clerks who are available for employ- ment covered by Section 1 of this Contract Document in ac- cordance with the rules and regulations adopted by the Joint Port Labor Relations Committee. A similar second preference shall be so given to limited registered clerks. The Joint Coast Labor Relations Committee shall be authorized to effectuate such preferences in such manner and for such times and places as it determines in its discretion.

  • CLASSIFICATION OF EMPLOYEES Section 1. A full-time employee shall be deemed to be any employee regularly scheduled to work forty (40) hours per week. A regular employee is one whose employment is reasonably expected to continue for longer than fifteen (15) months.

  • Employee’s Termination The Employee ☐ *shall ☐ shall not have the right to terminate this Agreement. *If allowed, the Employee shall be required to provide at least days’ notice. If the Employee should terminate this Agreement before the expiration date, he or she shall be entitled to severance, equal to their pay at the time of termination, for a period of .

  • NOTICE OF TERMINATION OF EMPLOYMENT 2601 Employment may be terminated voluntarily by a nurse or for just cause by the Employer subject to the following periods of written notice, exclusive of any vacation due:

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