Common use of LIFE INSURANCE AND ACCIDENTIAL DEATH AND DISMEMBERMENT (AD&D Clause in Contracts

LIFE INSURANCE AND ACCIDENTIAL DEATH AND DISMEMBERMENT (AD&D. The Board agrees to provide to the employee covered under this Article, and pay the full cost of a group life and AD&D insurance policy in the face amount of Forty Thousand ($40,000) Dollars. The parties agree that the carriers may be changed by the Board in its sole discretion, but the benefit levels will remain equivalent. New members shall be eligible for coverage from the first day of month following their start date.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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LIFE INSURANCE AND ACCIDENTIAL DEATH AND DISMEMBERMENT (AD&D. The Board agrees to provide to the employee covered under this Article, and pay the full cost of a group life and AD&D insurance policy in the face amount of Forty Twenty-Five Thousand ($40,00025,000) DollarsDollars per employee. New members shall be eligible for coverage from the first day of following month. The parties agree that the carriers may be changed by the Board in its sole discretion, but the benefit levels will remain equivalent. New members shall be eligible for coverage from the first day of month following their start date.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

LIFE INSURANCE AND ACCIDENTIAL DEATH AND DISMEMBERMENT (AD&D. The Board agrees to provide to the employee covered under this Article, and pay the full cost of a group life and AD&D insurance policy in the face amount of Forty Thirty-Five Thousand ($40,00035,000) DollarsDollars per employee. Employees taking such coverage shall pay a prorated amount for less than full time of the applicable monthly premium cost. New members shall be eligible for coverage from the first day of month following their start date. The parties agree that the carriers may be changed by the Board in its sole discretion, but the benefit levels will remain equivalent. New members shall be eligible for coverage from the first day of month following their start date.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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LIFE INSURANCE AND ACCIDENTIAL DEATH AND DISMEMBERMENT (AD&D. The Board agrees to provide to the employee covered under this Article, and pay the full cost of a group life and AD&D insurance policy in the face amount of Forty Fifteen Thousand ($40,00015,000) DollarsDollars per employee. New members shall be eligible for coverage from the first day of following month. The parties agree that the carriers may be changed by the Board in its sole discretion, but the benefit levels will remain equivalent. New members shall be eligible for coverage from the first day of month following their start date.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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