Group Life Insurance Benefits Sample Clauses

Group Life Insurance Benefits. A-3.01 All employees shall be entitled to group life insurance benefits. In the event of death, the employee's beneficiary or the employee's estate in the event that no beneficiary is named shall receive an amount equal to two (2) times the employee's annual earnings subject to the limitations of the Plan. The Employer shall pay the full premium cost of this benefit.
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Group Life Insurance Benefits. The Employer will provide group term life insurance with accidental death and dismemberment benefits to employees in the amount of $75,000 for the duration of this Agreement. Such benefits shall be reduced by fifty (50%) percent upon the employee reaching age seventy (70).
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Group Life Insurance Benefits. 1. The Administrator shall be provided, at Board expense, group life insurance with accidental death and dismemberment protection premium in the amount of double the Administrator's base salary rounded off to the nearest thousand dollars. 2. The Board shall provide Group Term Life, Accidental Death and Dismemberment Insurance (AD&D) in the amount of two times the Administrator’s base salary rounded off to the nearest thousand dollars.
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Related to Group Life Insurance Benefits

  • 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.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • 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.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

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