Life Insurance Plan No Sample Clauses

Life Insurance Plan No. 1104LD. a. Initial Eligibility for Plan. All employees who have completed thirty (30) days of employment (employment status for thirty (30) calendar days not seniority as such) shall be eligible for the Plan. The Plan shall provide a benefit of $5,000 for 1400 Hour employees and $1,500 for non-1400 Hour employees. Employees shall become initially eligible for the Plan if they satisfy any one of the following conditions: (1) They are hired at a particular plant in accord with Section X, Hiring Practices, and have had previ- ous satisfactory employment at that plant. (2) They are hired at a particular plant in accord with Section X, Hiring Practices, and have had previ- ous experience at other plants in the Northern California Canning Industry. (3) They are hired at a particular plant and have com- pleted thirty (30) calendar days of employment (employment status for thirty (30) calendar days, not seniority as such). Employees are covered for the life insurance on the day thirty (30) calendar days of employment are completed. If an employee completes thirty (30) cal- endar days on or prior to the fifteenth of any month, a premium payment for that month is required by the company. However, if an employee completes thirty (30) calendar days of employment after the fifteenth of a month, no contribution is required for that month even though the employee is covered by the life insurance plan.
Sample 1
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Related to Life Insurance Plan No

  • Group Life Insurance Plan Eligibility

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

  • 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.

  • 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.

  • Split Dollar Life Insurance The Company shall pay to the Executive a lump sum equal to the cost on the Termination Date of purchasing, at standard independent insurance premium rates, an individual

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

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