Insurance-Life Sample Clauses

Insurance-Life. The City shall pay the annual premium toward the purchase of a term life insurance policy or similar life insurance policy on the life of the Manager, provided that the City's expense in funding any single annual premium shall not exceed Dollars ($ ). All life insurance policies provided hereunder shall be owned by the City on the life of the Manager, with the Manager having the sole right to determine the beneficiary under each of the life insurance policies.
Sample 1
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Insurance-Life. Borrowers shall maintain, without expense to Lenders, $3,500,000 term life insurance on the life of Jeffxxx X. Xxxxxxxx xxxh Lenders as irrevocable beneficiaries. Borrowers shall apply for additional amounts of such insurance on the lives of Jeffxxx X. Xxxxxxxx, Xxevxx X. Xxxxxxxxxx, Xxdrxx X. Xxxxxxxxx xxx Michxxx X. Xxxxx (xx such amount on the life of each such individual as may hereafter be agreed by Lenders and Borrowers, or in the absence of such agreement, in equal amounts on the life of each such individual) prior to closing of any portion of the Loan contemplated by Section 1(c) hereof in an amount equal to such additional portion of the Loan, and shall deliver such additional policy or policies of insurance to Lenders when issued. Any insurance proceeds shall be applied in payment of the Notes and any other amounts which may be due Lenders under the Loan Documents. If any insurance proceeds remain after payment of the Notes and any other amounts due Lenders under the Loan Documents, Lenders shall promptly pay over such remaining amount of insurance proceeds to Borrower.
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Insurance-Life. Borrowers shall maintain, without expense to Lenders, $2,000,000 term life insurance on the life of each of Jeffxxx X. Xxxxxxxx, Xxevxx X.
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Insurance-Life. A group term life insurance policy in an amount equal to the teacher’s annual salary (to the nearest thousand) shall be provided for each full-time teacher, with the full cost of said policy borne by the Board .
Sample 1
Insurance-Life. The district will pay the premium for a Life/Accidental Death and Dismemberment insurance policy with a limit of $75,000. Upon retirement, employee can keep group life and disability insurance but is required to pay full premium
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Insurance-Life a. Conform beneficiaries to MDA b. Furnish insurance Co. with copy of MDA restricting modifications/ borrowing c. Surrender policies as appropriate d. Confirm coverage for spousal support e. Apply for new life insurance
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Insurance-Life. The City shall pay the annual premium toward the purchase of a term life insurance
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Insurance-Life. The District shall pay the annual premium toward the purchase of a term life insurance policy or similar life insurance policy having an aggregate face amount of Five Hundred Thousand and No/100 Dollars ($500,000.00). All life insurance policies provided hereunder shall be owned by the Superintendent on the life of the Superintendent, with the Superintendent having the sole right to determine the beneficiary(ies) under each of the life insurance policies.
Sample 1
Insurance-Life. Employees shall be furnished with Group Life Insurance and Accidental Death and Dismemberment Insurance as outlined herein. Insurance coverage under this article shall be subject to the terms and conditions of the GLI and ADD policies purchased by the School District. The Board of Education reserves the right to change insurance carriers and third party administrator for life insurance provided in this agreement pursuant to the competitive bidding procedure utilized in the School District so long as the benefits remain substantially similar to those currently in effect. The Board of Education reserves the right to bid and change carriers to any life insurance company rated by A. M. Best at or above A-10. Divisions A, C, G, I, J, M, S and T employees who work six (6) hours or more shall receive GLI coverage of $40,000 and ADD coverage of $80,000. Divisions B, C, G and H employees hired prior to July 1, 1997 who work less than six hours shall receive GLI coverage of $19,000 and ADD coverage of $22,000. Division I employees hired after November 14, 1985 shall not receive GLI coverage or ADD Coverage. Division I employees hired before November 14, 1985 who work less than six (6) hours shall receive GLI coverage of $19,000 and ADD coverage of $22,000. No employee hired subsequent to July 1, 1997 will receive any GLI or ADD coverage until securing and maintaining a permanent position of six (6) hours or more.
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Related to Insurance-Life

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Insurance Liability The HAC will not be responsible for damage to property or any exhibit caused by fire, xxxxx, xxxxxxx, lightening, national emergency, war, labor dispute, strikes, lockouts, civil disturbance, explosions, inevitable accidents, force majeure, or any other cause or for any loss if damage occasioned, if by reasoning of the happening of such events, the opening of the Exhibition is prevented or postponed or abandoned, or the building becomes wholly or partially unavailable for the holding of the Exhibition. The Exhibitor shall, from the time of assuming control over the rented space, maintain Public Liability and Property Damage Insurance, to a limit of CAN$2,000,000 inclusive, until the rented space is released back to the HAC. The Exhibitor agrees that they must be able to show proof of insurance in the amount of CAN$2,000,000 Bodily Injury and Property Damage. This provision also applies to any contractor they may employ. The Exhibitor agrees that this Insurance Policy held by the Exhibitor must name the Helicopter Association of Canada (HAC) as an Additional Insured. The Exhibitor assumes the entire responsibility and liability for losses, damage and claims arising out of any loss, injury or damage to exhibitor’s displays, equipment and other property brought onto the premises of The Vancouver Convention Centre and shall indemnify and hold harmless The Vancouver Convention Centre, the HAC, the Convention agents, servants and employees from any and all such losses, damages and claims. The Exhibitor acknowledges that The Vancouver Convention Centre shall not maintain insurance covering exhibitor’s property and it is the sole responsibility of the Exhibitor to obtain business interruption and property damage insurance, or any other such relevant coverage’s as may be required, covering such losses by the Exhibitor. The Exhibitor acknowledges that neither the HAC nor Vancouver Convention Centre provide security services for exhibits or Exhibitors under the terms of this Agreement, and Exhibitors in need of security services should contract those services independently, with the approval of the HAC.

  • Insurance & Bonding The Subrecipient shall carry sufficient insurance coverage to protect contract 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 amount equal to cash advances from the Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 2 CFR Part 200.304 and 200.310.

  • Insurance Company The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Insurance Licenses Any one or more Insurance Licenses of the Company or any of its Subsidiaries shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken by any Governmental Authority, and such suspension, limitation, termination, non-renewal or action, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect; or

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Life Insurance Coverage a. Forty Thousand ($40,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b. Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c. The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.

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