Common use of Group Insurance Plan Clause in Contracts

Group Insurance Plan. Effective with the signing of this Agreement, all Employees, present and future shall become eligible for the Group Life Policy of the Company instituted October 1st, 1979. If you have completed three (3) months or more of service, you will be insured for an amount equal to one and one half (1 ½) times your basic annual salary. All Employees, present and future shall become eligible for the Group Accidental Death and Dismemberment (A D & D) policy of the Company. Upon completion of three (3) months or more of service, you will be insured for an amount equal to one and one half (1 ½) times your basic salary. The total cost of these plans will be paid by the Company.

Group Insurance Plan. Effective with the signing of this AgreementAll Employees, all Employeesactive, present and future future, shall become eligible for the Group Life Policy of the Company instituted October 1st, 1979Company. If you have completed three (3) months or more of service, you will be insured for an amount equal to one and one one-half (1 ½) times your basic annual salary. All Employees, active, present and future future, shall become eligible for the Group Accidental Death and Dismemberment (A D AD & D) policy of the Company. Upon completion of three (3) months or more of service, you will be insured for an amount equal to one and one one-half (1 ½) times your basic annual salary. The total cost of these the above plans will be paid by the Company.