Insurance Coverage While on Extended Leave Without Pay Sample Clauses

Insurance Coverage While on Extended Leave Without Pay. When an employee is granted leave of absence without pay, insurance coverage may be paid by the employee through the Finance Office to continue their health insurance coverage for up to one (1) year if the employee so desires. All such payments must be made to the Finance Office in advance by the 25th day of the prior month for the next month’s coverage. If payment is not received, the employee will be cancelled from group insurance coverage.
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Related to Insurance Coverage While on Extended Leave Without Pay

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

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