Group Life Insurance Program. (a) The Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at April 30, 2019, to be similar or to be improved from time to time. (b) Employees may elect to take additional coverage in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan. (c) Participation in this Plan is a condition of employment. (d) Life insurance coverage will cease on the earlier of: (i) the December 1st of the year the Employee reaches age 69; or (ii) the first day of the month coincident with or next following the date 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 Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at April 30, 20192016, to be similar or to be improved from time to time.
(b) Employees may elect to take additional coverage in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan.
(c) Participation in this Plan is a condition of employment.
(d) Life insurance coverage will cease on the earlier of: (i) the December 1st of the year the Employee reaches age 69; or (ii) the first day of the month coincident with or next following the date of retirement; at which time coverage will convert to the retiree life insurance benefit.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Group Life Insurance Program. (a) The Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at April 30, 20192022, to be similar or to be improved from time to time.
(b) Employees may elect to take additional coverage in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan.
(c) Participation in this Plan is a condition of employment.
(d) Life insurance coverage will cease on the earlier of: (i) the December 1st of the year the Employee reaches age 69; or (ii) the first day of the month coincident with or next following the date of retirement; at which time coverage will convert to the retiree life insurance benefit.
Appears in 1 contract
Samples: Collective Agreement
