Group Life and Accidental Death & Dismemberment Insurance Sample Clauses

Group Life and Accidental Death & Dismemberment Insurance. All employees upon appointment to permanent staff shall participate in the Group Life and AD&D Insurance Plans. Insurance coverage is provided in accordance with the terms of the contract with the insuring company on the basis of three (3x) the employee's annual salary to the next higher one thousand dollars ($1,000). The College shall pay the entire premium cost of Group Life and AD&D Insurance.
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Group Life and Accidental Death & Dismemberment Insurance. A) All eligible employees shall participate in the Group Life and AD&D Insurance Plan. Insurance coverage is provided in accordance with the terms of the contract with the insuring company on the basis of three times (3x) the employee’s annual salary. The College shall pay the entire premium cost of Group Life and AD&D Insurance. B) An employee who retires at or beyond the age of fifty-five (55) years with at least ten (10) years of continuous service with the College and who is in receipt of a pension under the provisions of the Public Sector Pension Plans Act shall continue to enjoy group insurance coverage (except AD&D) in an amount equal to the lesser of ten thousand dollars ($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.
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Group Life and Accidental Death & Dismemberment Insurance. A) All eligible employees shall participate in the Group Life and AD&D Insurance Plan. Insurance coverage is provided in accordance with the terms of the contract with the insuring company on the basis of three times (3x) the employee’s annual salary. B) An employee who retires at or beyond the age of fifty-five (55) years with at least ten (10) years of continuous service with the College and who is in receipt of a pension under the provisions of the Pension (Municipal) Act shall continue to enjoy group insurance coverage (except AD&D) in an amount equal to the lesser of ten thousand dollars ($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.
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Group Life and Accidental Death & Dismemberment Insurance. The Board shall pay One Hundred Percent (100%) of the premium cost for Group Life and Accidental Death & Dismemberment Insurance for every member, consistent with the rules and regulations of the Plan: a) Coverage for Group Life in the amount of two (2) times annual salary to the nearest One Thousand Dollars ($1,000.00), reduced to Fifty Thousand Dollars ($50,000.00) at age seventy (70) and terminating upon resignation or retirement.
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Group Life and Accidental Death & Dismemberment Insurance. The University shall maintain Group Life and Accidental Death Dismemberment Insurance plans. For regular full-time employees the University shall pay one hundred percent (100%)of the monthly premiums. The University shall also offer Optional Life Insurance (employee and/or spousal coverage) and Optional (employee
Sample 1
Group Life and Accidental Death & Dismemberment Insurance. The Employer agrees to pay one hundred (100) percent of the premium costs for acquiring a contract for Group Life and Accidental Death Dismemberment Insurance coverage for each regular full-time employee, with the following benefit levels: Life Insurance Two times salary to a maximum of Insurance Two times salary to a maximum of Extension of drug and life insurance coverage will be made to qualified retirees with a minimum years of service and eligibility, consistent with current City policy, available up to age or a maximum of years, whichever occurs first.
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Related to Group Life and Accidental Death & Dismemberment Insurance

  • Group Life and Accidental Death and Dismemberment (a) The Employer will pay 100% of the premiums for the group life and accidental death and dismemberment insurance plans. (b) The plan will provide basic life insurance in the amount of $50,000 and standard 24 hour accidental death and dismemberment insurance until age 65. At the age of 65 the amount of coverage will decrease to $25,000 until the age of 70, at which time the group insurance coverage will cease. Employees may purchase additional insurance provided this option is available by the carrier. The Employer will deduct the appropriate amount from the employee's pay for this option. (c) On termination of employment (excluding retirement) coverage for group life will continue without premium payment for a period of 31 days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of their group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (d) Employees will be entitled to advance payment of Group Life Benefits in accordance with Memorandum of Agreement #7 (Re: Advance Payment of Group Life Benefits).

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all employees eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. An employee may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition. $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Accidental Death and Dismemberment Insurance The plan provides accidental death and dismemberment insurance coverage in an amount equal to your basic group life insurance (two times your current annual salary). Coverage is provided 24 hours per day, anywhere in the world, for any accident resulting in death, dismemberment, paralysis, loss of use, or loss of speech or hearing. If you sustain an injury caused by an accident occurring while the policy is in force which results in one of the following losses, within 365 days of the accident, the benefit shown will be paid to you. In the case of accidental death, the benefit will be paid to the beneficiary you have named to receive your group life insurance benefits. Benefits are payable in accordance with the following schedule: · Life · Both Hands or Both Feet · Entire Sight of Both Eyes · One Hand and One Foot · One Hand and Entire Sight of One Eye · One Foot and Entire Sight of One Eye · Speech and Hearing in Both Ears · Use of Both Arms or Both Legs or Both Hands · Quadriplegia (total paralysis of both upper and lower limbs) · Paraplegia (total paralysis of both lower limbs) · Hemiplegia (total paralysis of upper and lower limbs of one side of the body) · One Arm or One Leg · Use of One Arm or One Leg · One Hand or One Foot · Entire Sight of One Eye · Speech or Hearing in Both Ears · Use of One Hand or One Foot · Thumb and Index Finger of One Hand · Four Fingers of One Hand

  • Accidental Death and Dismemberment Coverage An employee may purchase accidental death and dismemberment coverage that provides principal sum benefits in amounts ranging from five thousand dollars ($5,000) to one hundred thousand dollars ($100,000). Payment is made only for accidental bodily injury or death and may vary, depending upon the extent of dismemberment. An employee may also purchase from five thousand dollars ($5,000) to twenty-five thousand dollars ($25,000) in coverage for his/her spouse, but not in excess of the amount carried by the employee.

  • Accidental Death and Dismemberment The Employer agrees to provide all active full-time employees with Accidental Death and Dismemberment benefit coverage equal to one (1) times their annual earnings in case of accidental death. Coverage is also provided for other losses such as speech and hearing, use of arms and legs, etc.

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

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • 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."

  • 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.

  • 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.

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