Common use of Group Life and Accidental Death and Dismemberment Insurance Clause in Contracts

Group Life and Accidental Death and Dismemberment Insurance. 416 The Employer shall pay the cost of maintaining life insurance in an amount equal to the Employee’s base salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount for a period of one (1) year from an Employee’s first (1st) day of appointment as an Employee. Commencing with the month following completion of one (1) year of coverage as provided above, the Employer shall pay the cost for maintaining life insurance benefits in an amount equal to the Employee’s base salary (rounded up to the nearest $1,000) times two (2), and an accidental death and dismemberment benefit in an equal amount, up to a maximum coverage level of $200,000. 417 When an Employee reaches age sixty-five (65) and continues working, the Employee’s insurance coverage is decreased by thirty-five percent (35%) with no further reduction based on age thereafter. 418 To qualify for the life and accidental death and dismemberment insurance benefits as described above, each Employee must individually enroll and make proper application for such coverage at the Benefits Office within thirty (30) calendar days of the commencement of the Employee’s regular employment with the Employer. Employees who fail to enroll and make proper application as herein provided are specifically and expressly excluded from such benefits plan until such time as they enroll and make proper application with the Benefits Office. Changes in benefit amounts based on changes in base salary occur with the effective date of the change in base salary. Base salary excludes supplemental appointments and any other extra compensation. 419 An Employee’s group life and accidental death and dismemberment insurance benefits shall terminate effective on the date that an Employee is terminated, resigns or retires, or the group life and accidental death plan terminates. However, when an Employee terminates employment with EMU, the Employee is covered for a grace period of thirty-one (31) calendar days. During such thirty-one (31) day period, the Employee may convert the Employee’s group life insurance, without medical examination, to an individual benefits plan. The Employee will pay the full cost of such individual benefits. Plan options and availability shall be determined by the insurer. 420 All other specific terms, conditions, limits of liability and exclusions applicable to said insurance shall be as provided for in the Employer’s policy with its carrier.

Group Life and Accidental Death and Dismemberment Insurance. 416 434 The Employer shall pay the cost of maintaining life insurance in an amount equal to the Employee’s base salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount for a period of one (1) year from an Employee’s first (1st) day of appointment as an Employee. Commencing with the month following completion of one (1) year of coverage as provided above, the Employer shall pay the cost for maintaining life insurance benefits in an amount equal to the Employee’s base salary (rounded up to the nearest $1,000) times two (2), and an accidental death and dismemberment benefit in an equal amount, up to a maximum coverage level of $200,000. 417 435 When an Employee reaches age sixty-five (65) and continues working, the Employee’s insurance coverage is decreased by thirty-five percent (35%) with no further reduction based on age thereafter. 418 436 To qualify for the life and accidental death and dismemberment insurance benefits as described above, each Employee must individually enroll and make proper application for such coverage at the Benefits Office within thirty (30) calendar days of the commencement of the Employee’s regular employment with the Employer. Employees who fail to enroll and make proper application as herein provided are specifically and expressly excluded from such benefits plan until such time as they enroll and make proper application with the Benefits Office. Changes in benefit amounts based on changes in base salary occur with the effective date of the change in base salary. Base salary excludes supplemental appointments and any other extra compensation. 419 437 An Employee’s group life and accidental death and dismemberment insurance benefits shall terminate effective on the date that an Employee is terminated, resigns or retires, or the group life and accidental death plan terminates. However, when an Employee terminates employment with EMU, the Employee is covered for a grace period of thirty-one (31) calendar days. During such thirty-one (31) day period, the Employee may convert the Employee’s group life insurance, without medical examination, to an individual benefits plan. The Employee will pay the full cost of such individual benefits. Plan options and availability shall be determined by the insurer. 420 438 All other specific terms, conditions, limits of liability and exclusions applicable to said insurance shall be as provided for in the Employer’s policy with its carrier.

Group Life and Accidental Death and Dismemberment Insurance. 416 425 The Employer shall pay the cost of maintaining life insurance in an amount equal to the Employee’s base salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount for a period of one (1) year from an Employee’s first (1st) day of appointment as an Employee. Commencing with the month following completion of one (1) year of coverage as provided above, the Employer shall pay the cost for maintaining life insurance benefits in an amount equal to the Employee’s base salary (rounded up to the nearest $1,000) times two (2), and an accidental death and dismemberment benefit in an equal amount, up to a maximum coverage level of $200,000. 417 426 When an Employee reaches age sixty-five (65) and continues working, the Employee’s insurance coverage is decreased by thirty-five percent (35%) with no further reduction based on age thereafter. 418 427 To qualify for the life and accidental death and dismemberment insurance benefits as described above, each Employee must individually enroll and make proper application for such coverage at the Benefits Office within thirty (30) calendar days of the commencement of the Employee’s regular employment with the Employer. Employees who fail to enroll and make proper application as herein provided are specifically and expressly excluded from such benefits plan until such time as they enroll and make proper application with the Benefits Office. Changes in benefit amounts based on changes in base salary occur with the effective date of the change in base salary. Base salary excludes supplemental appointments and any other extra compensation. 419 428 An Employee’s group life and accidental death and dismemberment insurance benefits shall terminate effective on the date that an Employee is terminated, resigns or retires, or the group life and accidental death plan terminates. However, when an Employee terminates employment with EMU, the Employee is covered for a grace period of thirty-one (31) calendar days. During such thirty-one (31) day period, the Employee may convert the Employee’s group life insurance, without medical examination, to an individual benefits plan. The Employee will pay the full cost of such individual benefits. Plan options and availability shall be determined by the insurer. 420 429 All other specific terms, conditions, limits of liability and exclusions applicable to said insurance shall be as provided for in the Employer’s policy with its carrier.