Life Cover. The Executive will be eligible to participate in the Employer’s life assurance arrangements subject to and in accordance with such terms as are from time to time in place. The amount of life assurance cover (“Life Cover”) in the event of the Executive’s death during the Employment will be equal to four times the basic salary set out in Clause 3.1 above (as revised from time to time), irrespective of whether or not the Executive is a member of any pension scheme operated by the Employer. If the Executive is a member of the Scheme for retirement benefits, depending on the Executive’s circumstances at the time of the Executive’s death, there may be a further benefit available of up to four times the basic salary set out in Clause 3.1 above (as revised from time to time). The provision of any such benefit will be as provided for in the terms of the Scheme. Such Life Cover will be provided under the terms of any arrangement designated by the Employer (and may be through an arrangement other than a registered pension scheme).
Life Cover. The Executive will be provided with Life Cover. The amount of Life Cover in the event of the Executive’s death during the Employment will be equal to four times the annual salary set out in Clause 3.1 irrespective of whether or not the Executive is a member of the Lloyds TSB Group Pension Scheme (No 2). Such Life Cover will be provided under the terms of the Lloyds TSB Group Pension Scheme (No.2) (subject to the proviso that any Life Cover in excess of the Lifetime Allowance applicable to registered pension schemes will be provided by the Employer).
Life Cover. The Executive will be provided with Life Cover (in a manner consistent with the Executive Directors). The amount of Life Cover in the event of the Executive’s death during the Employment will be equal to eight times the annual Reference Salary (as revised from time to time), irrespective of whether or not the Executive is a member of any pension scheme operated by the Employer. Such Life Cover will be provided under the terms of any arrangement designated by the Employer and notified to the Executive (subject to the proviso that any Life Cover in excess of the Lifetime Allowance applicable to registered pension schemes will be provided by the Employer or through an arrangement other than a registered pension scheme).
Life Cover. Subject to the terms of any relevant policy of insurance and any limit imposed by the Inland Revenue in force from time to time, the Company shall provide life insurance cover for the Executive in the sum of four times the basic salary of the Executive.
Life Cover. The Executive will be provided with Life Cover. The amount of Life Cover in the event of the Executive’s death during the Employment will be equal to four times the annual salary set out in Clause 3 (as revised from time to time), irrespective of whether or not the Executive is a member of any pension scheme operated by the Employer. If the Executive joins the Scheme for retirement benefits, depending on the Executive’s circumstances at the time of the Executive’s death, there may be a further benefit available of up to four times the annual salary set out in Clause 3 (as revised from time to time). The provision of any such benefit will be as provided for in the terms of the Scheme. Such Life Cover will be provided under the terms of any arrangement designated by the Employer (and may be through an arrangement other than a registered pension scheme).
Life Cover. Provided the Executive complies with any eligibility requirements or other conditions from time to time set by the Employer and any insurer appointed by the Employer (including, but not limited to, undergoing a medical examination before cover can commence or continue), the Executive will be provided with Life Cover. The Life Cover will be that in the event of her death during the Employment the Employer will make a payment equal to [two][four] times her annual salary set out in Clause 3.1. The Life Cover is provided subject to and in accordance with such terms from time to time on which any appointed insurer provides cover and such terms as the Employer may from time to time notify to the Executive. If an insurer declines to provide (or continue) cover or will only provide (or continue) cover on terms (including premiums) which the Employer in its reasonable opinion considers unsatisfactory it may withdraw the provision of Life Cover. Premiums payable in respect of this policy are liable to income tax and will be included on the Executive’s P11D.
Life Cover. In the unfortunate or unlikely situation of demise of the sole earning member of the client's family, Bank would continue cryopreservation of the specimen at Bank's own cost for the remaining term of the Agreement.
Life Cover. The Executive will be eligible to be provided with Life Cover which in the event of her death during employment would provide a payment of X times her basic annual salary set out in Clause 3.1(a) hereof. For these purposes, “X” shall be “4” if the provisions of Clause 6.2 apply to the Executive and “X” shall be “2” if the provisions of Clause 6.3 apply to the Executive. This cover is subject to the provisions of the insurer which govern such cover and subject to and in accordance with such terms as the Employer may from time to time notify to the Executive. The insurer of the Employer may require the Executive to undergo a medical examination before cover can commence or continue. If the insurer declines to provide cover or will only provide cover on terms (including premiums) which the Employer in its reasonable opinion considers unsatisfactory it may withdraw the provision of Life Cover. Premiums payable in respect of this policy are liable to income tax and will be included on the Executive’s P11D.
Life Cover. The Company will continue to provide Xx Xxxxxxx with his existing life cover until the Termination Date subject to the terms of that scheme from time to time in force.
