Common use of DRIVER BENEFITS Clause in Contracts

DRIVER BENEFITS. DRIVERS SHOULD ALWAYS REFER TO THEIR COPY OF THE BENEFIT BOOK PROVIDED BY THE INSURANCE COMPANY TO SEE THE FULL BENEFIT PROGRAM AVAILABLE TO THEM AS WELL AS THE APPLICABLE DEDUCTIBLES. 15.01 All "Full-time Drivers" of the Company covered by this contract are eligible for the benefits outlined below (explained in more detail in the benefit pamphlet) after the third month following the commencement of their first assignment as a full-time Driver with the Company and, unless noted otherwise, 100% of the cost of these benefits will be paid by the Company. 15.02 The Company will provide the Union with copies of all policies outlining the benefits as they pertain to the Union and its members. Should the Company desire to change carriers, it will provide the Union with copies of any new policies of insurance once they become effective. In no event will new coverage result in benefits, which are not equivalent or greater to those currently provided for in this contract. 15.03 Group Life Insurance - each Full-time Driver is eligible for group life insurance with coverage up to 100% of their annual salary, subject to a maximum limit of $100,000.00. Insurance coverage will be reduced to 50% of their annual salary at the age of sixty-five (65)

Appears in 3 contracts

Samples: Highway Coach Contract, Highway Coach Contract, Highway Coach Contract

AutoNDA by SimpleDocs

DRIVER BENEFITS. DRIVERS SHOULD ALWAYS REFER TO THEIR COPY OF THE BENEFIT BOOK PROVIDED BY THE INSURANCE COMPANY TO SEE THE FULL BENEFIT PROGRAM AVAILABLE TO THEM AS WELL AS THE APPLICABLE DEDUCTIBLES. 15.01 All "Full-time Drivers" of the Company covered by this contract are eligible for the benefits outlined below (explained in more detail in the benefit pamphlet) after the third month following the commencement of their first assignment as a full-time Driver with the Company and, unless noted otherwise, 100% of the cost of these benefits will shall be paid by the Company. 15.02 The Company will shall provide the Union with copies of all policies outlining the benefits as they pertain to the Union and its members. Should the Company desire to change carriers, it will shall provide the Union with copies of any new policies of insurance once they become effective. In no event will shall new coverage result in benefits, which are not equivalent or greater to those currently provided for in this contract. 15.03 Group Life Insurance - each Full-time Driver is eligible for group life insurance with coverage up to 100% of their annual salary, subject to a maximum limit of $100,000.00. Insurance coverage will shall be reduced to 50% of their annual salary at the age of sixty-five (65)

Appears in 3 contracts

Samples: Highway Coach Contract, Highway Coach Contract, Highway Coach Contract

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!