Common use of Inactive Employees Clause in Contracts

Inactive Employees. Participating employees who are laid off shall be entitled to continue their Life Insurance and Accidental Death and Dismemberment insurance during the recall period by remitting the appropriate premium to the Company for a period not exceeding twenty four (24) months from the last date of regular service. Conditions and procedures for such direct payment will be set by the Company, in accordance with the terms of the policy with the Underwriter. Participating employees who are on leave of absence shall be entitled to continue their Life Insurance and Accidental Death and Dismemberment insurance by remitting the appropriate full (100%) premium to the Company for a period not exceeding twelve (12) months from the last date of regular service. Conditions and procedures for such direct payment will be set by the Company, in accordance with the terms of the policy with the Underwriter.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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