Employee Life Insurance Benefit Sample Clauses

Employee Life Insurance Benefit. ‌ The City shall provide a life insurance policy to bargaining unit member with a face value of One Hundred Thousand Dollars ($100,000) subject to the terms & conditions of the policy. The life insurance premiums shall be paid in full by the City.
Sample 1
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Employee Life Insurance Benefit. A: Effective January 1, 1999 through December 31, 2000 the life insurance premium shall be part of the total fringe package benefit premium calculation specified in Article 18.3 Section A and B above.
Sample 1
Employee Life Insurance Benefit. EMPLOYEE LIFE INSURANCE BENEFIT (See Schedule for Amount) Death Provision If you die while covered, your Employee Life Insurance will be paid to your beneficiary(ies), if living, otherwise to your estate. Disability Provision If you: become Totally and Permanently Disabled while covered; ◼ continue to be so disabled for the next 6 months; and ◼ are under age 65; the Employee Life Insurance for which you were covered at the time you became so disabled will continue while you are so disabled, but not beyond your 65th birthday, subject to any reduction or termination indicated in the Schedule due to a change in class. You must submit proof satisfactory to Aetna Life, within 12 months of the date you cease active work, that you are so disabled. Upon approval, you must submit proof satisfactory to Aetna Life, as required, that you are still so disabled.
Sample 1

Related to Employee Life Insurance Benefit

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Supplementary Employment Insurance Benefits (1) Birth mothers who are entitled to maternity leave and who have applied for and are in receipt of Employment Insurance benefits are eligible to receive XXXX Plan payments.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

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