Group Life Insurance Program. (a) The University will continue to pay 100% of the billed rate of premiums for employees for Basic Coverage in accordance with the Group Life Insurance Plan, provided by the insurance carrier. (b) Employees may elect to take additional coverage at their own expense in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan provided by the insurance carrier. (c) Participation in Basic Coverage under the Group Life Insurance Plan is a condition of employment. (d) Group Life Insurance Plan coverage will cease on the earlier of: (i) the date on which the employee ceases to be employed by the University; (ii) December 1st in the year the employee reaches age 69; or (iii) the first day of retirement; at which time coverage will convert to the retiree life insurance benefit.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Group Life Insurance Program. (a) The University will continue to pay 100% of the billed rate of premiums for employees for Basic Coverage in accordance with the Group Life Insurance Plan, Plan provided by the insurance carrier.
(b) Employees may elect to take additional coverage at their own expense in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan provided by the insurance carrier.
(c) Participation in Basic Coverage under the Group Life Insurance Plan is a condition of employment.
(d) Group Life Insurance Plan coverage will cease on the earlier of: (i) the date on which the employee ceases to be employed by the University; (ii) December 1st in the year the employee reaches age 69; or (iii) the first day of retirement; at which time coverage will convert to the retiree life insurance benefit.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Group Life Insurance Program. (a) The University will continue to pay 100% of the billed rate of premiums for employees for Basic Coverage in accordance with the Group Life Insurance Plan, provided by the insurance carrier.
(b) Employees may elect to take additional coverage at their own expense in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan provided by the insurance carrier.
(c) Participation in Basic Coverage under the Group Life Insurance Plan is a condition of employment.
(d) Group Life Insurance Plan coverage will cease on the earlier of: (i) the date on which the employee ceases to be employed by the University; (ii) December 1st in the year the employee reaches age 69; or (iii) the first day of retirement; at which time coverage will convert to the retiree life insurance benefit.will
Appears in 1 contract
Samples: Collective Agreement
Group Life Insurance Program. (a) The University will continue to pay 100% of the billed rate of premiums for employees for Basic Coverage in accordance with the Group Life Insurance Plan, provided by the insurance carrier.
(b) Employees may elect to take additional coverage at their own expense in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan provided by the insurance carrier.
(c) Participation in Basic Coverage under the Group Life Insurance Plan is a condition of employment.
(d) Group Life Insurance Plan coverage will cease on the earlier of: (i) the date on which the employee ceases to be employed by the University; (ii) December 1st in the year the employee reaches age 69; or (iii) the first day of retirement; at which time coverage will convert to the retiree life insurance benefit.the
Appears in 1 contract
Samples: Collective Agreement
