Life Insurance and Long Term Disability Insurance. To the extent permitted by the Holding Company’s group insurance policies, the Holding Company will cause to be continued Executive’s life insurance coverage and long term disability insurance coverage substantially equivalent to the coverage maintained by the Holding Company or its Subsidiaries for Executive prior to his termination at no premium cost to the Executive. Such coverage will terminate upon the expiration of eighteen (18) months following the Date of Termination. If such continuation is not permitted by the Holding Company’s group insurance policies, the Holding Company, for a period of eighteen (18) months, will reimburse Executive for the premium cost incurred to obtain comparable life insurance and long term disability insurance under private policies, up to the amount the Holding Company would have paid to provide such coverage to Executive had he remained an employee of the Holding Company.
Life Insurance and Long Term Disability Insurance. (a) Life & AD&D Insurance: The District provides a $50,000 term life and AD&D insurance benefit to all employees who work 20 hours per week or more. Anyone hired prior to July 1, 2019 whose hours for the 2018-19 school year fell between 17.5 and 20 hours, will be grandfathered.
(b) Disability Insurance: The District shall provide employees working twenty
Life Insurance and Long Term Disability Insurance. Buyer will research whether it can make life insurance and long-term disability insurance available to employees at no cost to Buyer and if so, will make such coverage available to employees at the employees’ cost within a reasonable period of time.
Life Insurance and Long Term Disability Insurance. The Board will pay the full cost of "term" life insurance that includes $100,000 life insurance per Administrator and a long-term disability insurance policy with a 90 day waiting period, 60% of income payable to age sixty-five (65), due to disability resulting from sickness or accident.
Life Insurance and Long Term Disability Insurance. The Employer will provide Life and Accidental Death & Dismemberment insurance coverage and Long-Term Disability insurance.
Life Insurance and Long Term Disability Insurance. (1) The City shall provide Xxxxx with a term life insurance policy of $50,000 at a cost to the City not to exceed $16.00 per month. Additional life insurance may be purchased at Xxxxx'x own expense.
(2) In conjunction with the term life insurance policy, the City shall also provide Xxxxx with an accidental death & dismemberment insurance policy of $50,000 at a cost to the City not to exceed $2.00 per month.
(3) The City shall provide Xxxxx with a long term disability plan, at a cost to the City not to exceed $32.00 per month.
Life Insurance and Long Term Disability Insurance. The Employer shall pay the full monthly premium for all full-time regular employees who qualify for coverage under the Group contract for these benefits between Community Legal Services, Inc. and Nationwide Employee Benefits Organization.
Life Insurance and Long Term Disability Insurance. The Employer will provide Life and Accidental Death & Dismemberment insurance coverage and Long-Term Disability insurance.
(B) The Employer shall provide insurance coverage for the domestic partner of an employee, as well as the legal dependents if such coverage is available for dependents, of such domestic partner. Such coverage shall be provided as soon as it is offered by the carrier.
(C) All premiums shall be paid by the Employer, except as provided by Section 5.1(F) and Section 6.7C) below.
(D) Employees shall submit their insurance claims directly to the appropriate insurance carrier. The Employer shall provide appropriate claim forms and other
Life Insurance and Long Term Disability Insurance. The following Life Insurance and Long Term Disability Insurance coverage is provided to regular full –time employees upon application:
1. Group Term Life Insurance coverage is $50,000. The policy will have an Accidental Death and Dismemberment rider of equal face value;
2. Additional Life Insurance is available for higher death benefits, dependent coverage or optional types of policies at the expense of the employee.
3. Long Term Disability Insurance coverage provides 66 2/3% of the employee's regular monthly salary, to a $7,500 /mo. maximum, after ninety (90) days of disability. The benefit is payable until the end of the disability; death; voluntary retirement; or the end of the maximum benefit period (at least age 65), whichever is earlier.
Life Insurance and Long Term Disability Insurance. The City shall provide, at no cost to the employee, term life insurance in the amount of $100,000 to all full-time employees and eligible regular part-time employees. Additionally, in lieu of the employees participating in the State Disability Insurance Program, the City shall provide long- term disability insurance for all full- time and eligible regular part-time employees, which benefits are equal to or exceed those provided under State Disability Insurance. These insurance plans are maintained for the exclusive benefit of full-time and eligible regular part-time employees, and are established with the intention of being maintained for an indefinite period of time. The specific terms and conditions of said insurance plans should be determined and approved by the City Manager.
