Group Life and AD&D Sample Clauses

Group Life and AD&D. 39.01 The eligibility of Employees to participate in the Group Life Insurance Plan is subject to Article 2 (Application of Agreement) and participation is a condition of employment for all eligible Employees. Employees shall be covered to the greater of one hundred thousand dollars ($100,000) or two and one-half (2 ½) times their basic annual salary. The Board shall pay the monthly premium costs for insurance coverage pursuant to Clause 39.01. 39.02 Accidental Death and Dismemberment (AD&D) (a) The Employer shall enroll all Employees into an AD&D Plan. The Plan shall provide single or family coverage to a maximum of one hundred thousand dollars ($100,000). (b) The Board shall pay the monthly premium costs for the insurance coverage pursuant to Clause 39.02. (c) Employees currently enrolled in the optional AD&D Plan will have the option of maintaining coverage at the Employee’s cost. Maximum coverage is three hundred thousand dollars ($300,000) for 39.02 (a) and 39.02(b) combined.
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Group Life and AD&D. The College will pay two-thirds (2/3) of the premium costs for group life and AD&D insurance for the following employees subject to the payment of the balance of the premiums by employees through payroll deductions.
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Group Life and AD&D. 39.01 The eligibility of Employees to participate in the Group Life Insurance Plan is subject to Article 2 (Application of Agreement) and participation is a condition of employment for all eligible Employees. Employees shall be covered to the greater of one hundred thousand dollars ($100,000) or two and one-half (2 ½) times their basic annual salary. (a) The Board and the Employee shall share the monthly premium costs for this insurance coverage: (i) the Board shall pay seventy-five percent (75%) of the total cost to a maximum of eighteen cents ($0.18) per one thousand dollars ($1,000) of insurance coverage. (ii) the Employee shall pay the remaining portion of the premium. (b) Effective January 1, 2017, the Board shall pay the monthly premium costs for insurance coverage pursuant to Sub-Clauses 39.01. 39.02 Accidental Death and Dismemberment (AD&D) (a) Effective January 1, 2017, the Employer shall enroll all Employees into an AD&D Plan. The Plan shall provide single or family coverage to a maximum of one hundred thousand dollars ($100,000). (b) Effective January 1, 2017, the Board shall pay the monthly premium costs for the insurance coverage pursuant to Sub-Clauses 39.02. (c) Employees currently enrolled in the optional AD&D Plan will have the option of maintaining coverage at the employee’s cost. Maximum coverage is three hundred thousand dollars ($300,000) for 39.02 (a) and 39.02(b) combined.
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Group Life and AD&D. 39.01 The eligibility of Employees to participate in the Group Life Insurance Plan is subject to Article 2 (Application of Agreement) and participation is a condition of employment for all eligible Employees. Employees shall be covered to the greater of one hundred thousand dollars ($100,000) or two and one-half (2 ½) times their basic annual salary. The Board shall pay the monthly premium costs for insurance coverage pursuant to Clause 39.01. 39.02 Accidental Death and Dismemberment (AD&D) (a) The Employer shall enroll all Employees into an AD&D Plan. The Plan shall provide single or family coverage to a maximum of one hundred thousand dollars ($100,000). The Board shall pay the monthly premium costs for the insurance coverage. (b) Employees may purchase up to two hundred thousand dollars ($200,000) of additional AD&D coverage at the Employee’s cost. (c) Maximum coverage is three hundred thousand dollars ($300,000) for 39.02 (a) and 39.02(b) combined.
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Group Life and AD&D. The College will pay two-thirds (2/3) of the premium costs for group life and AD&D insurance for the following employees subject to the payment of the balance of the premiums by employees through payroll deductions. a) Employees who were participating in the Plan(s) up to June 30, 1999 and who are re-employed in successive years for more than three (3) continuous months per year shall be eligible to participate in the Group Life and AD&D Plans where the Plans permit, provided they pay the full premiums for periods between College employment. Such coverage will be implemented only at the request of the employee and the full premiums for such coverage must be paid to the College in advance prior to the last working day in the active employment period. If it is later determined that such an employee will not be re-employed by the College in the following employment period, such coverage will cease immediately and the employee will be refunded any advanced premiums paid for periods beyond the date coverage is terminated. b) Employees who were hired initially after June 30, 1999, must be employed for a minimum of six (6) consecutive months to qualify for benefits. When these employees are re-employed in successive years for six (6) months or more, continuation of benefits is subject to the same conditions as employees covered in (a) above.
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Group Life and AD&D. The College will pay two-thirds (2/3) of the premium costs for group life and ad&d insurance for the following employees subject to the payment of the balance of the premiums by employees through payroll deductions. Employees must be employed for a minimum of six (6) consecutive months to qualify for benefits. If these employees are re-employed in successive years for six (6) continuous months or more, continuation of benefits shall be permitted where plans permit. In addition, these employees shall be eligible to continue participation in the group medical and dental plans where plans permit, provided they pay the full premiums for periods between College employment. Such coverage will be implemented only at the request of the employee, and the full premiums for such coverage must be paid to the College in advance prior to the last working day in the active employment period. If it is later determined that such an employee will not be re-employed by the College in the following employment period, such coverage will cease immediately and the employee will be refunded any advanced premiums paid for periods beyond the date coverage is terminated.
Sample 1
Group Life and AD&D. The Employer will pay two-thirds (2/3) of the premium costs for group life and AD&D insurance for employees hired for a minimum of six (6) consecutive months, subject to the payment of the balance of the premiums by employees through payroll deductions.
Sample 1
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Group Life and AD&D. (a) Effective January 1st, 2002 and for the life of this Collective Agreement, the Company will provide Group Life Insurance and Accidental Death and Dismemberment Insurance in the amount of $75,000 for employees actively at work on that day. Employees not actively at work on the above-named days shall only be provided increased insurance coverage upon their return to active employment. Notwithstanding the above, the company will provide Group Life Insurance and Accidental Death and Dismemberment Insurance for employees actively at work on January 1st 2002, in the amount of $76,000 as of January 1, 2021; $77,000 as of January 1, 2022; $78,000 as of January 1, 2023; $79,000 as of January 1, 2024; $80,000 as of January 1, 2025. (b) Retired Employees: Group Life Insurance to the amount of $7,500 will be provided for eligible employees after age 65.
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Group Life and AD&D. (a) Effective January 1st, 2002 and for the life of this Collective Agreement, the Company will provide Group Life Insurance and Accidental Death and Dismemberment Insurance in the amount of $75,000 for employees actively at work on that day. Employees not actively at work on the above named days shall only be provided increased insurance coverage upon their return to active employment. (b) Retired Employees: Group Life Insurance to the amount of $7,500 will be provided for eligible employees after age 65.
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Related to Group Life and AD&D

  • Group Life (a) The Employer shall provide a mutually acceptable group life plan with benefits equivalent to twice the full-time employee's annual salary, with a maximum of $165,000. The Employer shall pay 100% of the premium on the base and the employee shall pay 100% of the premium for any insurance over $165,000. (b) Employees hired on or after the signing of this agreement shall, as a condition of employment, enrol in the group life plan and shall complete the appropriate payroll deduction authorization forms.

  • 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.

  • Group Life Insurance Plan Eligibility

  • 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.

  • 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.

  • Health and Life Insurance In the event Employee’s employment is terminated hereunder, the Company shall provide the following health and life insurance benefits: (a) Upon Employee’s termination of employment under this Agreement other than upon Employee’s termination for Cause or upon Employee’s death, the Company shall be responsible for a one-year period following Employee’s Termination Date, the scheduled premium payments (on or before their due dates) on any universal life insurance policy covering Employee’s life which is in force immediately prior to the Termination Date; provided, however, that the Company shall be obligated to pay any such premiums only to the extent that, and on the same basis as, payments are made by the Company on the universal life insurance policies covering officers of the Company with same or similar coverage and further provided that during the period of six months immediately following the Employee’s Termination Date, the Employee shall be obligated to pay the Company the full cost for any such premium payments, and the Company shall reimburse the Employee for any such payments on the first business day that is more than six months after the Employee’s Termination Date, together with interest on such amount from the Termination Date through the date of payment at the Interest Rate. (b) Upon Employee’s termination of employment under this Agreement other than upon a Change of Control (which shall be governed by the COC Severance Plan), Employee’s termination for Cause, or upon Employee’s death, the Company shall, at its expense, provide such medical and dental coverage as in effect immediately prior to the Termination Date for Employee and Employee’s then covered dependents until the end of the period designated for payments to be made hereunder. Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (c) In the event of Employee’s death during the Term of Employment for a twelve-month period after his death the Company shall make available at its expense medical and dental insurance covering Employee’s spouse and his dependents (collectively, “Employee’s Beneficiaries”) who would have been covered (if the Term of Employment had continued) by the Company’s medical and dental insurance policies as then in effect, and (ii) thereafter for an additional six-month period, such medical and dental insurance in effect from time to time shall be provided to Employee’s Beneficiaries, with Employee’s Beneficiaries (or estate if applicable) to reimburse the Company for the cost of comparable coverage under the provisions of this clause (ii), unless otherwise prohibited by applicable law Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (d) Any taxable welfare benefits provided pursuant to this Section 13 that are not “disability pay” or “death benefits” within the meaning of Treasury Regulation Section 1.409A-1(a)(5) (collectively, the “Applicable Benefits”) shall be subject to the following requirements in order to comply with Section 409A of the Code. The amount of any Applicable Benefit provided during one taxable year shall not affect the amount of the Applicable Benefit provided in any other taxable year, except that with respect to any Applicable Benefit that consists of the reimbursement of expenses referred to in Section 105(b) of the Code, a limitation may be imposed on the amount of such reimbursements over some or all of the applicable severance period, as described in Treasury Regulation Section 1.409A-3(i)(iv)(B). To the extent that any Applicable Benefit consists of the reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred. No Applicable Benefit may be liquidated or exchanged for another benefit.

  • 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."

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan. 37.2 The basic life insurance plan shall provide: (a) Effective June 1, 2002, coverage equal to one hundred percent (100%) of annual salary or ten thousand dollars ($10,000), whichever is greater; (b) where an employee is continuously disabled for a period exceeding six (6) months, the Employer will continue to pay monthly premiums on behalf of the employee until the earliest of recovery, death, or the end of the month in which the employee reaches age sixty-five (65). Any premiums paid by the employee for this coverage between the date of disability and the date this provision comes into force shall be refunded to the employee; (c) a conversion option for terminating employees to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination (less the amount of coverage provided by the Employer in the case of retirement). The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The minimum amount that may be converted is two thousand dollars ($2,000). The conversion options shall be: 1. Any standard life or endowment plans (without disability or double-indemnity benefits) issued by the insurance carrier. 2. A one (1) year term insurance plan which is convertible to the standard life or endowment plans referred to in option 1 above. 3. A term to age sixty-five (65) insurance plan. 37.3 The amount of basic life insurance will be adjusted with changes in the employee’s salary from the date of approval of the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase will not take effect until the employee returns to work on a full-time basis (i.e., for at least one (1) full day). 37.4 Basic life insurance will terminate at the end of the month in which an employee ceases to be a regular employee unless coverage is extended under the total disability provision. Employees who receive a monthly benefit from the Public Service Superannuation Fund or the OPSEU Pension Trust are entitled to free coverage of two thousand dollars ($2,000) not earlier than thirty-one (31) days after the first of the month coinciding with or following date of retirement and this amount will be kept in force for the remainder of the employee’s life.

  • Group RRSP 24:01 The University agrees to provide a Group RRSP (GRRSP) with the following features:

  • Key Person Life Insurance The Company will maintain key person life insurance in an amount not less than $1,200,000 on the life of E. Xxxxxxx Xxxxx and pay the annual premiums therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date.

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