Group Death Benefit. i) The Board shall assume 100% of the cost of a death benefit of up to three (3) times an Employee’s annual salary computed to the nearest $500. ii) To determine the individual death benefit in force, all Employee’s will have the option of one (1) times or three (3) times salary computed to the nearest $500. iii) An Employee shall have the option to purchase, at the Employee’s expense, additional death benefit coverage, up to four (4) or five (5) times annual salary, subject to the terms of the plan.
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
