Common use of EMPLOYEE PAID LIFE PLAN Clause in Contracts

EMPLOYEE PAID LIFE PLAN. 276 The University provides an optional Employee paid life plan for regular full-time and part-time Employees. The benefit is payable in the event of death, or for other reasons as defined in the Employee Paid Life Plan brochure. -277 Eight plans of coverage are offered. Four of the plans provide "fixed" amounts of life coverage based upon flat monthly premiums. The other four options provide "salary indexed" life benefits, which are a multiple of annual salary. Contributions for the salary indexed options are a percent of salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee contributions, and rates are subject to future group experience. Employees may enroll within sixty (60) days of initial employment or during a scheduled open enrollment period.

EMPLOYEE PAID LIFE PLAN. 276 The University provides an optional Employee paid life plan for regular full-time full‐time and part-time part‐time Employees. The benefit is payable in the event of death, or for other reasons as defined in the Employee Paid Life Plan brochure. -277 ‐277 Eight plans of coverage are offered. Four of the plans provide "fixed" amounts of life coverage based upon flat monthly premiums. The other four options provide "salary indexed" life benefits, which are a multiple of annual salary. Contributions for the salary indexed options are a percent of salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee contributions, and rates are subject to future group experience. Employees may enroll within sixty (60) days of initial employment or during a scheduled open enrollment period.

EMPLOYEE PAID LIFE PLAN. 276 284 The University provides an optional Employee employee paid life plan for regular full-time and part-part- time Employeesemployees. The benefit is payable in the event of death, or for other reasons as defined in the Employee Paid Life Plan brochure. -277 -285 Eight plans of coverage are offered. Four of the plans provide "fixed" amounts of life coverage based upon flat monthly premiums. The other four options provide "salary indexed" life benefits, which are a multiple of annual salary. Contributions for the salary indexed options are a percent of salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee employee contributions, and rates are subject to future group experience. Employees may enroll within sixty (60) days of initial employment or during a scheduled open enrollment period.