Life/AD&D. The Company shall, for the life of this Agreement, make available to employees eligible to participate in the above insurance plans, a plan of Group Life Insurance providing a death benefit of $30,000.00 and Accidental Death and Dismemberment, per schedule with a maximum benefit of $30,000.00. The Company shall pay eighty-five percent (85%) of the premium cost for the insurance.
Life/AD&D. The School shall provide each employee a $10,000 Life/AD&D insurance plan.
Life/AD&D. The Company will provide basic life and basic Accidental Death and Dismemberment (AD&D) insurance at $50,000 per employee. Additionally, optional supplemental employee life and dependent life insurance will be offered for the employee to purchase at group term rates.
Life/AD&D. During the term of the Collective Bargaining Agreement, the Company will continue with the same conditions and limitations as are in effect upon the effective date of the Agreement, the present Employee Life Insurance Program and in addition shall provide Employee Accidental Death and Dismemberment Insurance in accord with the Schedule of Insurance incorporated in the policy. Effective October 20, 2006, the Life Insurance and Accidental Death and Dismemberment Insurance shall be increased to Thirty-One Thousand Dollars ($31,000). This benefiit will increase by One Thousand Dollars ($1,000) on the anniversity date each year thereafter.
Life/AD&D. During the term of the Collective Bargaining Agreement, the Company will continue with the same conditions and limitations as are in effect upon the effective date of the Agreement, the present Employee Life Insurance Program and in addition shall provide Employee Accidental Death and Dismemberment Insurance in accord with the Schedule of Insurance incorporated in the policy. The Life Insurance and Accidental Death and Dismemberment Insurance shall be Thirty-Four Thousand Dollars ($34,000). Employees shall have the opportunity to purchase additional coverage at the group rate and pay premiums through payroll deduction.
