Life Insurance and Disability Benefits Sample Clauses

Life Insurance and Disability Benefits. The Employee shall be entitled to group term life insurance insuring the Employee’s life during the term of employment, disability insurance coverage, and accidental death and dismemberment benefits, including death benefit, in such amounts and in such coverage as shall be consistent with the insurance coverage programs available to other salaried employees of the Company, as the same may change from time to time. The Employee shall designate the beneficiary of such policy and benefits.
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Life Insurance and Disability Benefits. The Company will pay the full cost of the Life 24 Insurance, Accidental Death and Dismemberment, and Short-Term Disability Plans for eligible
Sample 1
Life Insurance and Disability Benefits. The Company shall provide you with term life insurance in the amount of $3,000,000 (or at the Company’s option, reimbursement of premiums paid by you for such policy up to a maximum annual premium reimbursement of $10,000). The Company will also provide you with disability insurance with monthly benefits of $20,000 in the event of your total disability (or reimburse premiums paid by you for such policy). Taxes related to any payments for life insurance and disability insurance are your responsibility and, accordingly, the Company will withhold taxes applicable to such payments.
Sample 1
Life Insurance and Disability Benefits. The Company will pay the full cost of the 28 Life Insurance, Accidental Death and Dismemberment, and Short-Term Disability Plans for 29 eligible employees. 30 31 1110.2(a)(1) The Life Insurance benefit is two (2) times the annual base wage, including 32 shift differential if applicable, but excluding overtime hours, to a maximum benefit of 33 $150,000. 35 1110.2(a)(2) Short-term disability benefit $300 per week for twenty-six (26) weeks; 1 however, weekly benefit for disabilities covered by Workers' Compensation is $150. 2
Sample 1
Life Insurance and Disability Benefits. The provisions of the Employee Benefit Plan Supplemental Agreement dated April 21, 1989 for the Associated Non-Operating Railway Unions is amended to conform with the following in respect of employees covered by this Memorandum of Settlement: Life Insurance • Effective the first of the month following ratification, the group life insurance coverage will be increased from $37,000 to $38,000 for employees who have compensated service with the Company on or subsequent to that date if otherwise qualified under the provisions of the Benefit Plan. • Effective January 1, 2009, the group life insurance coverage will be increased from $38,000 to $39,000 for employees who have compensated service with the Company on or subsequent to that date if otherwise qualified under the provisions of the Benefit Plan. • Effective January 1, 2010, the group life insurance coverage will be increased from $39,000 to $44,000.00 for employees who have compensated service with the Company on or subsequent to that date if otherwise qualified under the provisions of the Benefit Plan. • Effective the first of the month following ratification, amend the Group Term Insurance Policy to provide a benefit of $150,000 to an employee’s beneficiary, upon a work related accidental death of an employee.
Sample 1

Related to Life Insurance and Disability Benefits

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

  • Long-Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

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