Life and Accidental Death Insurance. .1 Steelway pays 100% of the life and accidental death premiums including all applicable taxes. The parties agree that the sole obligation of Steelway is to pay such premiums. Coverage for benefits or eligibility will be determined in accordance with the provisions of the applicable insurance plan. Life insurance amount is:
.1.1 Employee: $40000 .2 Termination at age 70 or retirement.
Life and Accidental Death Insurance. The Board shall provide to eligible employees, without cost to the employee, term life insurance in the amount of $50,000.00. The policy shall include an additional $50,0000.00 indemnity provision for accidental death. Per mandates in policy, insurance level benefits decline starting at age 65.
Life and Accidental Death Insurance. The Employer shall provide term life coverage at a minimum of $10,000 or 1.0 times basic annual earnings to a maximum of $50,000 and Accidental Death and Dismemberment is also inclusive at no cost to the employee. All coverage terminates upon retirement or job separation.
Life and Accidental Death Insurance. Steelway pays 100% of the life and accidental death premiums including all applicable taxes. Life insurance amounts will increase as follows: Employee: $30000 Spouse: $10000 Child: $5000 Steelway pays 100% of the dependent life insurance premium, including all applicable taxes.
Life and Accidental Death Insurance. New Passages will pay the full premium on a term policy of group life/accidental death insurance providing coverage to full- time employees in the amount of $10,000.00 and the amount of $5,000.00 to part-time employees. Coverage begins after the first day of the month following 60 days of continuous employment, in recognition of policy limitations and regulations. Employees, whether full-time or part-time, may increase the amount of coverage at their own expense. For purposes of this Agreement, the amounts of coverage above will take effect upon the next renewal of the Life and Accidental Death Insurance premium. The current premium will remain in effect until its expiration date.
Life and Accidental Death Insurance. The Employer shall pay full premium upon a term policy of group life insurance providing coverage to each employee in the amount of fifty thousand dollars ($50,000) and fifty thousand dollars ($50,000) Accidental Death and Dismemberment Insurance effective the first day of the month following completion of six (6) months continuous employment. This benefit shall not apply to any part-time employee hired after April 2, 2008. Retirees will be insured for group term life in the amount of five thousand dollars ($5,000).
Life and Accidental Death Insurance. For employees only (After 60 days of seniority) Basic
Life and Accidental Death Insurance. 31.01(a) -
Life and Accidental Death Insurance. The Company provides basic life and accidental death insurance. The provisions of such coverage shall be within the Company’s discretion except as follows:
(1) All employees receive Basic Life Insurance coverage of $38,000. Effective January 1, 2019, the amount will increase to $43,000 for employees who are actively at work on or after January 1, 2019.
(2) All employees receive Accidental Death Insurance coverage of $38,000. Effective January 1, 2019, the amount will increase to $43,000 for employees who are actively at work on or after January 1, 2019.
Life and Accidental Death Insurance. The CITY provides $50,000 of life and accidental death and dismemberment insurance for all non-management, and $100,000 of life and accidental death and dismemberment insurance for mid-management employees. SEA members designated mid-management include: Facilities Maintenance Manager, Senior Civil Engineer, Senior Planner, IT Supervisor, and Senior Arborist. Coverage shall begin on the first day of the month following date of hire and ends on the date of separation. Employees may purchase additional life insurance for themselves and/or their dependents; however, availability of additional insurance is subject to the group carrier's requirements.
