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

Group Life Insurance and Accidental Death and Dismemberment. All full-time employees shall participate in the Group Life Insurance and Accidental Death and Dismemberment Plans currently in force. The Employer shall pay one hundred (100%) percent of the premium for such insurance. The current coverage is two (2) times the annual salary rounded to the next highest one thousand dollars ($1,000) to a maximum of one hundred thousand ($100,000) dollars.

Appears in 1 contract

Samples: Collective Agreement

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Group Life Insurance and Accidental Death and Dismemberment. All full-time employees shall participate in the Group Life Insurance and Accidental Death and Dismemberment Plans currently in force. β€Œ The Employer shall pay one hundred percent (100%) percent of the premium monthly premiums for such insuranceregular full- and part-time employees who have completed three (3) calendar months of employment, for coverage under the Group Life and Accidental Death and Dismemberment Insurance Plans currently in effect. The current coverage is life insurance benefit payable will be two times (22x) times the employee's annual salary rounded subject to the next highest one a minimum of twenty thousand dollars ($1,00020,000). The amount reduces by fifty percent (50%) to a maximum of one hundred thousand at age sixty-five ($100,000) dollars65).

Appears in 1 contract

Samples: Eighth Collective Agreement

Group Life Insurance and Accidental Death and Dismemberment. All full-time employees shall participate in the Group Life Insurance and Accidental Death and Dismemberment Plans currently in force. The Employer shall pay one hundred percent (100%) percent of the premium monthly premiums for such insuranceregular full- and part-time employees who have completed three (3) calendar months of employment, for coverage under the Group Life and Accidental Death and Dismemberment Insurance Plans currently in effect. The current coverage is two life insurance benefit payable will be one times (21x) times the employee's annual salary rounded subject to the next highest one a minimum of ten thousand dollars ($1,00010,000). The amount reduces by fifty percent (50%) to a maximum of one hundred thousand at age sixty-five ($100,000) dollars65).

Appears in 1 contract

Samples: Collective Agreement

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Group Life Insurance and Accidental Death and Dismemberment. All full-time employees Employees shall participate in the Group Life Insurance and Accidental Death and Dismemberment Plans currently in force. The Employer shall pay one hundred percent (100%) percent of the premium for such insurance. The current coverage is two (2) times the annual salary rounded to the next highest one thousand dollars ($1,000) to a maximum of one hundred thousand dollars ($100,000) dollars).

Appears in 1 contract

Samples: Contract

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