INSURANCE AND Clause Samples

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INSURANCE AND. The Employer is responsible for the administration and application of any Insurance Policy established in order to provide the above mentioned and any difference arising with respect thereto will be disposed of in accordance with the grievance and arbitration provisions of this Agreement.
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INSURANCE AND. The Board shall provide every employee with life insurance equal to two (2) times the annual salary of such employee rounded to the next higher one thousand dollars ($1,000.00)together with accidental death and dismemberment benefits. The Association has contracted a Supplementary Group Life Insurance Plan and a Long Term Disability Plan. The Association shall administer the plans and the Board agrees to collect, through payroll deductions, of the premiums from those members who have so authorized. The Board also agrees to remit the collected premiums to the insurance carrier on a monthly basis. The Association indemnifies the Board against any liability which may be incurred by the Board in complying with this sub-article. Each employee shall be eligible to receive the benefits by the Plan specified in Article Upon completion of the waiting period, there shall be no further deduction of sick leave credits. All benefits and seniority shall be maintained while the employee is off on Court time shall be deemed to be time spent by an employee in his off-duty hours in attendance in court, Examination of Discovery, civil trial, inquest inquiry or departmental trial or Hearings or any time spent as a of his service to the department, in litigation of any description save if he is in his personal capacity. Court time shall also refer to time spent in court in any jurisdiction, if the reason for the court appearance relates to circumstances arising during an officer's tour of duty, but shall not include litigation for personal reasons. Any employee who, when off-duty, is required to give evidence in court shall be paid time and one-half with a minimum of four (4) each call. Should a member be required to attend morning court, after he has worked the Midnight to
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INSURANCE AND for a of insurance the Company on a The factor in the on a record and and Manitoba rural insurance. Note: Copies of of the the Unit Chairperson Rates
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INSURANCE AND. BONDSThe Supplier shall take outand maintain the necessary valid insurance policies to cover the risks andliabilities to which it is subject, pursuantto both the applicable ▇▇▇▇▇▇ regulation and its contractual commitments. In particular:  the Supplier shall take out a “public and product liability” insurance policy. for an amount sufficient to cover the financial consequences of any bodily material or immaterial damages.  if the Contract is concluded for design /services only, the Supplier shall take out a “professional liability” insurance policy. Priorto the Contract, the Suppliershallproducetheinsurancecertificates, issuedby its insurancecompany, not more than six (6) months old, indicating the reference number and the effective date of the insurance policy, the cover provided, the amount and deductible, sub-limits, activities, nature of the work or assignments covered. The Supplier shall also provide the evidence that it is up to date with payment of the premiums. In case of a multi-year insurance policy, the Supplier shall produce the above-mentioned certificate(s) every year on the renewaldate of its insurance policy. The provision of proof of the required insurance does not in any way restrict or limit the liability of the Supplier towards the Purchaser as may be outlined in the liability provision of the Contract. The Supplier shall in particular be insured, if applicable, against: • damage to the Supplies located in the factory or in any other location of the storage, assembly and/or test location, naming the Purchaser as additional Insured during performance of the Contract, • damage to Goods covered by the Contract being transported from the loading of the Goods until their final destination, including during temporary storage, up to 110% of its replacement value, • damage needed to be covered by an insurance such as: - ten years guarantee, damagecausedbyitsvehiclesorthoserentedthatituses toperformthe Contract (on public roads or on private property), in accordance with current legal clauses; - damage suffered by its personnel. It shall also take out, as required, the insurance necessary to cover damage caused by its construction machinery or rented, fixed or mobile machinery that it is using to perform the Contract. The Supplier shall impose equivalent obligations to its subsidiaries, parent or related companies, partners, assignees or subcontractors, Furthermore, the Supplier and its subcontractors/Sub suppliers shall insure their own equip...
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INSURANCE AND. Each employee upon completion of probationary period will be insured for group life insurance according to the schedule set out below which will provide for the payment of a death benefit under the and conditions ordinarily found in a group life policy issued in the Province of Ontario. The effective coverage for this agreement is:
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Related to INSURANCE AND

  • Insurance and Bonding The Subrecipient shall carry sufficient insurance coverage to protect Agreement assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 4.01 and 4.02, any amounts collected by the Servicers or the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 and 4.03. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02 and 4.03.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Liability Insurance and Funding For the duration of Indemnitee’s service as a director and/or officer of the Company and for a reasonable period of time thereafter, which such period shall be determined by the Company in its sole discretion, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for directors and/or officers of the Company, and, if applicable, that is substantially comparable in scope and amount to that provided by the Company’s current policies of directors’ and officers’ liability insurance. Upon reasonable request, the Company shall provide Indemnitee or his or her counsel with a copy of all directors’ and officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials. In all policies of directors’ and officers’ liability insurance obtained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors and officers most favorably insured by such policy. Notwithstanding the foregoing, (i) the Company may, but shall not be required to, create a trust fund, grant a security interest or use other means, including, without limitation, a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement and (ii) in renewing or seeking to renew any insurance hereunder, the Company will not be required to expend more than 2.0 times the premium amount of the immediately preceding policy period (equitably adjusted if necessary to reflect differences in policy periods).

  • Insurance and Subrogation (a) The Corporation may purchase and maintain insurance on behalf of Indemnitee who is or was or has agreed to serve at the request of the Corporation as a director or officer of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against any liability asserted against, and incurred by, Indemnitee or on Indemnitee’s behalf in any such capacity, or arising out of Indemnitee’s status as such, whether or not the Corporation would have the power to indemnify Indemnitee against such liability under the provisions of this Agreement. If the Corporation has such insurance in effect at the time the Corporation receives from Indemnitee any notice of the commencement of a proceeding, the Corporation shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the policy. The Corporation shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. (b) In the event of any payment by the Corporation under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee with respect to any insurance policy, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Corporation to bring suit to enforce such rights in accordance with the terms of such insurance policy. The Corporation shall pay or reimburse all expenses actually and reasonably incurred by Indemnitee in connection with such subrogation. (c) The Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) if and to the extent that Indemnitee has otherwise actually received such payment under this Agreement or any insurance policy, contract, agreement or otherwise.