LIFE INSURANCE AND WELFARE Sample Clauses

LIFE INSURANCE AND WELFARE. Section 9.1 In addition to the medical-hospital-dental coverage, the Employer agrees to pay the sum of $14.00 per month per eligible employee to the Service Employees Insurance Trust on or before the tenth (10th) day of each month. To be eligible for coverage under the life insurance and welfare program, an employee must have worked at least thirty days for the Employer. Eligibility for the program shall require that the employee worked at least eighty (80) hours in the previous month for coverage in the succeeding month.
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LIFE INSURANCE AND WELFARE. The Employer will pay to the Service Employees International Union Local 49 Welfare Trust (Welfare Trust) the sum of fourteen dollars ($14.00) per month for each full-time employee upon whom the Employer is required to pay contributions to the SEIU Health and Welfare Fund. Payments to the Welfare Trust will be for the purpose of providing disability income, life and accidental death and dismemberment benefits. The Employer accepts as its representatives the Employer Trustees who serve on the Board of Trustees of Welfare Trust. The Employer agrees to be bound to the terms and conditions of the trust agreement of Welfare Trust and the past and future lawful acts of its trustees.
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LIFE INSURANCE AND WELFARE. Section 9.1: In addition to the medical-hospital-dental coverage, the Employer agrees to pay the sum of $14.00 per month per eligible employee to the Service Employees Insurance Trust on or before the tenth (10th) day of each month. To be eligible for coverage under the life insurance and welfare program, an employee must have worked at least thirty days for the Employer. Eligibility for the program shall require that the employee worked at least eighty (80) hours in the previous month for coverage in the succeeding month. Section 9.2: The Employer agrees to comply with the trust agreement to provide the established benefits; the trust agreement is hereby made a part of this agreement. Section 9.3: Each party to this Agreement shall receive a copy of the current trust agreement and a copy of any changes by the trustees. The Employer, subject to the terms and provisions contained in the subsections of said trust agreement, agrees to act in good faith in the establishment of employee eligibility for benefits. Section 9.4: The Employer agrees to abide by such rules as may be established by the trustees of said trust fund. Section 9.5: The Employer will pay for any increase to the cost of the life insurance and welfare program. Should the combined cost of the medical-dental/vision program and the life insurance and welfare program increase by more than fifteen percent (15%) during any one-year period, the costs in excess of 15% will be split between Employer and Employee on a 75%-25% basis.
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LIFE INSURANCE AND WELFARE. Section 9.1: In addition to the medical-hospital-dental coverage, the Employer agrees to pay the sum of $13.00 per month per eligible employee to the Service Employees Insurance Trust on or before the tenth (10th) day of each month. To be eligible for coverage under the life insurance and welfare program, an employee must have worked at least thirty days for the Employer. Eligibility for the program shall require that the employee worked at least eighty (80) hours in the previous month for coverage in the succeeding month. Section 9.2: The Employer agrees to comply with the trust agreement to provide the established benefits; the trust agreement is hereby made a part of this agreement. Section 9.3: Each party to this Agreement shall receive a copy of the current trust agreement and a copy of any changes by the trustees. The Employer, subject to the terms and provisions contained in the subsections of said trust agreement, agrees to act in good faith in the establishment of employee eligibility for benefits. Section 9.4: The Employer agrees to abide by such rules as may be established by the trustees of said trust fund.
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Related to LIFE INSURANCE AND WELFARE

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • HEALTH & WELFARE 16:1 The parties signatory hereto shall enter into a Health and Welfare Plan for which there is a Trust Agreement, known as the Line Construction Benefit Fund, for the purpose of providing insurance benefits for eligible employees and/or their dependents. Effective the first of the month following the signature date of this Agreement, the Employer shall pay to the Line Construction Benefit Fund the sum of $6.50 for each hour worked. Hours worked shall be deemed to include straight-time hours worked, overtime hours worked, and report time not worked. Remittance shall be forwarded to the place designated by the parties hereto on or before the fifteenth (15th) day of each month for each hour worked in weekly payroll periods ending during the preceding month, together with a monthly payroll report on a form to be furnished to the Employer. It is understood and intended by the parties to this Agreement that the purpose of this clause is to establish an Employer financed Health and Welfare Trust and that contributions thereto shall not be deemed to be wages to which any employee shall have any right other than the right to have such contributions paid over to the Trust fund in accordance herewith. Failure of an individual Employer to make all payments provided for, including liquidated damages for late payments, within the time specified, shall be a breach of this Agreement and will further require action by the Trustees as set forth in the Trust Agreement. Any increase in the required contributions set forth above will be paid equally (50% by the Employer and 50% by the Employee). The amount paid by the Employee will come from their NEAP contribution. 16:2 HRA: Effective the first of the month following the signature date of this Agreement, the Employer also agrees to pay into the Line Construction Benefit Fund $1.00 per hour through the term of this Agreement. HRA is calculated on all hours worked for all working classifications covered by this Agreement. These contributions shall be used to provide Health Reimbursements Accounts(s) under the Line Construction Benefit Fund Plan of Benefits.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Health and Welfare Benefits applies to full-time nurses only)

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • HEALTH AND WELFARE 36.01 Health and welfare benefits shall be as contained in Appendix "A" of this Agreement and shall form part of this Agreement.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

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