GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE Sample Clauses

GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. Full-time employees who earn up to and including $30,000 a year shall be provided $15,000 of coverage under the Foundation’s Group Life Insurance Plan; those who earn over $30,000 a year shall be provided $30,000 of coverage.
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GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. The Employer will contribute the following per month towards the premium cost for $25,000 of life and accidental death and dismemberment insurance for full-time employees enrolled in the Group Life and Accidental Death and Dismemberment Insurance Plan, to a maximum of 100% of the benefit premium: Effective Employer Share January 1, 2009 $5.24
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GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. The Employer agrees to pay one hundred percent (100%) of all premiums for Group Life Insurance Coverage provided through the Group Benefit Package. It is understood that the payment of these premiums is a taxable benefit to the employee and as such, the amount will be added to taxable income. The Employer agrees to pay one hundred percent (100%) of all premiums for Accidental Death and Dismemberment Insurance coverage provided through the Group Benefit Package. It is understood that these premiums do not constitute a taxable benefit to the employee. The Group Benefit Package provided by the Employer will include the following coverage levels: Group Life Insurance – two times annual salary to a maximum of $200,000.00 and Accidental Death & Dismemberment Insurance – two times annual salary to a maximum of $200,000.00
Sample 1
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. For employees who commence employment prior to the 65th birthday, the Company will pay 100% of the premium cost for Group Life Insurance in the amount of 1 x base annual salary upon the employee’s completion of his probationary period. The Company will also pay 100% of the premium cost for Accidental Death and Dismemberment Insurance in the amount of 2 x base annual salary. Upon an employee’s sixty-fifth (65th) birthday, Group Life Insurance and Accidental Death and Dismemberment insurance coverage will be discontinued. All retirees will receive a paid up life Insurance Policy of two thousand dollars ($2,000.00) upon their retirement from the Company. The Company will pay 100% of the cost of the single/family premiums for a Prescription Drug Card with 90% co-insurance and a twenty-five dollar ($25.00) deductible per family for each employee, upon completion of his probationary period.
Sample 1
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. For employees who commence employment prior to the 65th birthday, the Company will pay 100% of the premium cost for Group Life Insurance in the amount of 1 x base annual salary upon the employee's completion of his probationary period. The Company will also pay 100% of the premium cost for Accidental Death and Dismemberment Insurance in the amount of 2 x base annual salary. Upon an employee's sixty-fifth (65th) birthday, Group Life Insurance and Accidental Death and Dismemberment insurance coverage will be discontinued. All retirees will receive a paid up life Insurance Policy of two thousand dollars ($2,000.00) upon their retirement from the Company. The Company will pay 100% of the cost of the single/family premiums for a Prescription Drug Card with 90% co-insurance and a twenty-five dollar ($25.00) deductible per family for each employee, upon completion of his probationary period. The Company will pay 100% of the premium cost for “Paramedical Services” with a $500.00 calendar year maximum for the following: ▪ Licensed psychologists ▪ Massage therapists ▪ Speech therapists ▪ Physiotherapists ▪ Naturopaths ▪ Acupuncturists ▪ Licensed osteopaths ▪ Chiropractors ▪ Podiatrists ▪ Chiropodists ▪ One x-ray examination per specialty in each benefit year ▪ EMS (Ambulance) services Upon completion of his probationary period, the Company will pay 100% of the cost of the single/family premiums for a Preventative Dental Care Plan based on the Ontario Dental Association Schedule of fees with a one (1) year lag for each employee. The Company will pay for orthodontics for children under the age of 18 at a 50% co-pay and lifetime maximum of $500.00. Letter of understanding to be written indicating that if during the term of this contract the lifetime maximum increases for the Vicwest salaried and non-union group, then union maximum will increase accordingly. Upon completion of his probationary period, the Company will provide the employee with an optical plan as follows: (i) $200.00 in any 24 consecutive month period for the employee and each of his eligible dependents 18 years of age and older and (ii) $200.00 in any 12 consecutive month period for each of the employee's eligible dependents under 18 years of age, towards the cost of purchasing and fitting prescription glasses; including prescription sunglasses, and contact lenses. The Company will cover $75.00 every two (2) years for vision exams to employees and their eligible dependents.
Sample 1

Related to GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE

  • 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

  • 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

  • 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).

  • 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.

  • 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 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.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

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