G roup Life Insurance Sample Clauses

G roup Life Insurance. Every employee with six (6) months' service shall take Group Life Insurance, including Accidental Death and Dismemberment on the basis of two times (2X) her regular annual salary to the amount of the next lower multiple of five hundred dollars ($500) and a minimum coverage of fifteen thousand dollars ($15,000). The Employer shall contribute one hundred percent (100%) of the monthly premium cost of this insurance. No medical examination shall be required for Group Life Insurance. An employee who has joined the plan before the age of sixty-five (65) and who has reached the age of sixty-five (65) shall have the right within thirty-one (31) days to convert her Group Life Insurance to individual insurance at her own expense without a medical examination. This right shall also apply to an employee who is a member of the plan and leaves the employment of the Employer. The Employer shall keep coverage in place for a period of six (6) months for the plans listed in Articles 23.02 and 23.03 for an employee who has been laid off due to a shortage of work and is unemployed. The Employer shall provide a voluntary group life insurance plan with coverage of $10,000 for a spouse and $5,000 for a child. The plan's availability shall be subject to the approval of the carrier. All premiums shall be paid by the employees.
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G roup Life Insurance. (a) The Employer shall provide to all regular employees a mutually acceptable group life insurance plan with benefits equivalent to three times the employee's annual salary, with a minimum of $80,000. The Employer shall pay 100% of the premium on the base minimum as set out above, and the employee shall pay the premium for any insurance over the base minimum. Regular employees shall, as a condition of employment, enrol in the group life insurance plan and shall complete the appropriate payroll deduction authorization forms.
G roup Life Insurance. All eligible regular employees who have completed their probationary period shall, as a condition of employment, be covered under the terms and conditions of a group life insurance plan with benefits at two (2) times annual salary. The Board shall pay one hundred percent (100%) of the premium.
G roup Life Insurance a) The Board shall administer the Manitoba Public Schools Employees Group Life Insurance Plan according to the terms and conditions of the Master Policy of the said Plan and subject to the limitations set out in (d).
G roup Life Insurance. The City will pay the cost of group life insurance for all employees enrolled in such plan or who thereafter enroll in such plan according to present terms.

Related to G roup Life Insurance

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

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

  • 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.

  • 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."

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

  • 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.

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

  • Supplemental Life Insurance In addition to the life insurance benefits provided by this agreement, employees may subscribe voluntarily and at their own expense for supplemental life insurance. Employees may subscribe for an amount not to exceed five hundred thousand dollars ($500,000), of which one hundred thousand ($100,000) is a guaranteed issue, provided the election is made within the required enrollment periods.

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