Common use of Life Insurance and Accidental Death and Dismemberment Clause in Contracts

Life Insurance and Accidental Death and Dismemberment. Coverage consists of $50,000 in term life insurance. Optional term life insurance is available at employee cost as follows: Cost Spouse $10,000 $1.50/month Dependent Child $5,000 $0.88/month RETIREE LIFE INSURANCE If upon retirement, an employee has ten or more continuous years of service, he is eligible to receive a $2,000 Paid-Up Insurance Certificate.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!