Employees Insurance Sample Clauses

Employees Insurance. We would like to bring your attention Free Zone Rule No. 5.2 and your Personnel Secondment Agreement which stipulates that your company must provide Third Party Liability and Workmen's Compensation Insurance for your staff.

Employees Insurance. 30. The Company shall continue to insure the Employee with his current Employees insurance policy in the Employee's name. Each month the Company shall pay and/or deduct in respect of the above policy the following sums: 30.1. An amount equal to 8 1/3 % of the salary shall be transferred by the Company on account of severance pay. 30.2. An amount equal to 5% of the salary for pension shall be transferred by the Company in respect of pension (Provident Fund). An equal amount of 5% shall be deducted from the Employee's salary and transferred as the Employee's contribution to such fund. 31. In addition, the Company shall insure the Employee with Employee's Insurance Policy's insurers for disability at a cost that shall not exceed 2.5% of his salary. 32. The tax levied on the above Company's allocations to the Employee's insurance, if any, shall be borne by the Employee. 33. Further to Section 30 - 32 above, the Company hereby forfeits any right it may have in the reimbursement of sums paid by Company into the above mentioned executive insurance policy, except in the event: (i) that employee withdraws such sums from the executive insurance policy, other than in the event of death, disability or retirement at the age of 60 or more; and/or (ii) of the occurrence of any of the events provided for in Sections 16 and 17 of the Severance Pay Law, 1963. 34. It is further agreed that such payment contribution made by the Company towards the executive insurance policy as mentioned above, and any interest and/or profit accumulated thereto, shall be on account of severance payment due to Employee under any circumstances in which Employee shall be entitled to severance payment subject to the applicable law, including but not limited to the Severance Pay Law, 1963.

Employees Insurance. 19.1 Party B shall be obligated to purchase appropriate insurance for the staffs dispatched for the Project, equipment and property input into the project so as to cover any possible loss which might bring to such staffs, equipment and property. Party A shall not undertake any responsibility or expense for the losses of staff or equipment or property caused not by the fault of Party A.

Employees Insurance. The Employee’s insurance shall become effective on the date he becomes eligible provided an application has been received by the Administrator before such date or within the thirty-one (31) days thereafter, otherwise, coverage becomes effective on the first (1st) day of the Month following acceptance of evidence of insurability by the Insurer.

Employees Insurance. 16.1 Party B is obligated to purchase appropriate insurance so as to guarantee the possible losses which might bring to the staffs dispatched by the project, equipment and property input into the project.