Common use of Group Life and Accidental Death and Dismemberment (AD&D) Insurance Clause in Contracts

Group Life and Accidental Death and Dismemberment (AD&D) Insurance. (Compulsory) 8.7.1 The following faculty members shall participate in the Group Life and AD&D Plans: 8.7.1.1 All regular faculty members employed at one-half time or more -- from the beginning of the first complete month of employment. 8.7.1.2 All temporary faculty members - at the beginning of the first complete month following completion of one (1) year's continuous service who are employed half-time or more on that date. 8.7.1.3 Group Life and AD&D Insurance coverage are each provided in accordance with the terms of the contract with the insuring company on the basis of three times annual salary to the next higher one thousand dollars ($1,000). The College shall pay the entire premium cost of Group Life Insurance and AD&D Insurance. 8.7.1.4 All faculty members who are participating in the Group Life and AD&D insurance plans, whose appointment drops to less than one-half time, may elect to continue coverage on the plans at their own expense (by post-dated cheques) as long as they are employed. 8.7.1.5 A faculty member who retires at or beyond the age of fifty-five (55) years and who is in receipt of a pension under the provisions of the College Pension Plan Regulation shall continue to enjoy group insurance coverage (except AD&D) in an amount equal to the lesser of $10,000 or the coverage in effect immediately preceding retirement for a period of five (5) years from the date of retirement with the premium cost of the continuing insurance borne by the College.

Group Life and Accidental Death and Dismemberment (AD&D) Insurance. (Compulsory) 8.7.1 The following faculty members shall participate in the Group Life and AD&D Plans: 8.7.1.1 All regular faculty members employed at one-half time or more -- from the beginning of the first complete month of employment. 8.7.1.2 All temporary faculty members - at the beginning of the first complete month following completion of one (1) year's continuous service who are employed half-time or more on that date. 8.7.1.3 Group Life and AD&D Insurance coverage are each provided in accordance with the terms of the contract with the insuring company on the basis of three times annual salary to the next higher one thousand dollars ($1,000). The College shall pay the entire premium cost of Group Life Insurance and AD&D Insurance. 8.7.1.4 All faculty members who are participating in the Group Life and AD&D insurance plans, whose appointment drops to less than one-half time, may elect to continue coverage on the plans at their own expense (by post-post- dated cheques) as long as they are employed. 8.7.1.5 A faculty member who retires at or beyond the age of fifty-five (55) years and who is in receipt of a pension under the provisions of the College Pension Plan Regulation Rules shall continue to enjoy group insurance coverage (except AD&D) in an amount equal to the lesser of $10,000 or the coverage in effect immediately preceding retirement for a period of five (5) years from the date of retirement with the premium cost of the continuing insurance borne by the College.

Group Life and Accidental Death and Dismemberment (AD&D) Insurance. (Compulsory) 8.7.1 The following faculty members shall participate in the Group Life and AD&D Plans: 8.7.1.1 All regular faculty members employed at one-half time or more -- from the beginning of the first complete month of employment. 8.7.1.2 All temporary faculty members - at the beginning of the first complete month following completion of one (1) year's continuous service who are employed half-time or more on that date. 8.7.1.3 Group Life and AD&D Insurance coverage are each provided in accordance with the terms of the contract with the insuring company on the basis of three times annual salary to the next higher one thousand dollars ($1,000). The College shall pay the entire premium cost of Group Life Insurance and AD&D Insurance. 8.7.1.4 All faculty members who are participating in the Group Life and AD&D insurance plans, whose appointment drops to less than one-half time, may elect to continue coverage on the plans at their own expense (by post-dated cheques) as long as they are employed. 8.7.1.5 A faculty member who retires at or beyond the age of fifty-five (55) years and who is in receipt of a pension under the provisions of the College Pension Plan Regulation (College) Act shall continue to enjoy group insurance coverage (except AD&D) in an amount equal to the lesser of $10,000 or the coverage in effect immediately preceding retirement for a period of five (5) years from the date of retirement with the premium cost of the continuing insurance borne by the College.