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

Group Life Insurance and Accidental Death and Dismemberment. 21.01 (a) All current employees and all newly hired employees shall, as a condition of employment, participate in the basic group life insurance coverage in the amount of two times (2x) such employee's annual salary, adjusted January 1st of each year based upon the employee's rate of pay on the previous December 31st, rounded upward to the next highest thousand, plus accidental death and dismemberment coverage as set out below and, should the employee desire, such optional insurance as may be provided by the carrier.

Group Life Insurance and Accidental Death and Dismemberment. ‌ 21.01 (a) All current employees and all newly hired employees shall, as a condition of employment, participate in the basic group life insurance coverage in the amount of two times (2x) such employee's annual salary, adjusted January 1st of each year based upon the employee's rate of pay on the previous December 31st, rounded upward to the next highest thousand, plus accidental death and dismemberment coverage as set out below and, should the employee desire, such optional insurance as may be provided by the carrier.