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

Group Life Insurance and Accidental Death and Dismemberment. The group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan. Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s annual earnings to a maximum of $200,000. The life insurance benefit reduces to $3,000 maximum at age sixty-five (65). Employees over age seventy (70) are not insurable.

Appears in 7 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Group Life Insurance and Accidental Death and Dismemberment. The Effective April 1, 2014, the group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan. Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s annual earnings to a maximum of $200,000. The life insurance benefit reduces to $3,000 maximum at age sixty-five sixty-­‐five (65). Employees over age seventy (70) are not insurable.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Group Life Insurance and Accidental Death and Dismemberment. The group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan. Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s annual earnings to a maximum of two hundred thousand dollars ($200,000200,000.00). The life insurance benefit reduces to three thousand dollars ($3,000 3,000.00) maximum at age sixty-five (65). Employees over age seventy (70) are not insurable.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Group Life Insurance and Accidental Death and Dismemberment. The group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan. Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s 's annual earnings to a maximum of $200,000. The life insurance benefit reduces to $3,000 maximum at age sixty-five (65). Employees over age seventy (70) are not insurable.

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!