Life Insurance Plans. The University shall pay one hundred percent (100%) of the premiums to the appropriate University basic life insurance plan on behalf of participating employees, and participating employees shall pay one hundred percent (100%) of the premiums to the optional life and optional accidental death and dismemberment (AD&D) plans. Premiums shall be paid at the rates of the respective plans for eligible employees, as defined by conditions stated in each plan.
Life Insurance Plans. (a) Teacher Life Insurance
Life Insurance Plans a. Basic
b. Supplemental
c. Spousal Life
d. Child Life
Life Insurance Plans. The Corporation's life, business travel accident, spouse and dependent life, and accidental death and dismemberment insurance plans primarily for Media Information Employees and Arbitron Employees shall provide coverage for all eligible Media Information Employees and Arbitron Employees on and after the Effective Date. If any Media Information Employee is entitled to any continuation or conversion option under any such plan assumed by New Ceridian, the Corporation shall reimburse New Ceridian for any costs it incurs in providing such conversion or continuation after the Effective Date.
Life Insurance Plans. At Tronox’s request, Xxxx-XxXxx shall use its reasonable best efforts to cause the insurance carrier that provides coverage under the Xxxx-XxXxx Life Insurance Plans to provide coverage for employees and retirees under the Tronox Life Insurance Plans effective Immediately after the Distribution Date on terms that are substantially similar to those provided under the Xxxx-XxXxx Life Insurance Plans.
Life Insurance Plans. Life Insurance Plans, when immediately preceded by “Xxxx-XxXxx,” means (1) the accidental death and dismemberment insurance, business travel accident insurance, dependent life insurance, and group term life insurance components of the Xxxx-XxXxx Health and Protection Plan, (2) the group term life insurance component of the Xxxx-XxXxx Retiree Health and Protection Plan, and (3) the accidental death and dismemberment and group term life insurance components of the Xxxx-XxXxx Pigments (Savannah), Inc. Personal Protection Plan. When immediately preceded by “Tronox,” Life Insurance Plans means the plans, if any, to be established by Tronox pursuant to Section 2.03 that correspond to the Xxxx-XxXxx Life Insurance Plans.
Life Insurance Plans. On the Effective Date, the Corporation shall have in place life, business travel accident, spouse and dependent life, and accidental death and dismemberment insurance plans, affording coverage to all Arbitron Employees who, as of the Effective Time, are eligible for coverage under the corresponding plans assumed by New Ceridian and who are employed by the Corporation or any of its Subsidiaries at the Effective Date . The Corporation shall use reasonable good faith efforts to cause any preexisting condition exclusions and limitations otherwise applicable to such plans to be waived with respect to such Arbitron Employees except to the extent such exclusions and limitations would have been applied under the corresponding New Ceridian plan if the employee had been employed by New Ceridian. If any Arbitron Employee is entitled to any continuation or conversion option under any such plan assumed by New Ceridian, the Corporation shall reimburse New Ceridian for any costs it incurs in providing such conversion or continuation after the Effective Date.
Life Insurance Plans. Seller currently maintains employee life -------------------- insurance benefit plans for eligible active employees of GenCorp, including eligible Transferred Salaried Employees (the "Active Employee Life Insurance Plans"). With respect to the Active Employee Life Insurance Plans, the following will apply:
(i) Effective as of the Closing, the Salaried Employees will cease to be covered by the Active Employee Life Insurance Plans.
(ii) Effective as of the Closing the Transferred Salaried Employees will become covered under employee life insurance plans established and maintained by Buyer as described in Exhibit C.
(iii) Buyer will waive or cause such Buyer life insurance plans to waive any pre-existing condition exclusions applicable to such Transferred Salaried Employees that may exist under the employee life insurance plans established and maintained by Buyer.
Life Insurance Plans. Coverage of Basic Life Insurance of one times your annual salary is automatic upon regular employment at The Aerospace Corporation. You also may elect to purchase supplemental life insurance from one times up to eight times your annual salary rounded to the nearest thousand to a maximum of $2,000,000. Except for new hires and newly eligible employees or dependents who enroll within thirty-one days of their eligibility effective date, evidence of insurability will be required for those who enroll in or increase their life insurance coverage over $500,000. You may also purchase limited life insurance coverage for your spouse, domestic partner and/or dependent children of the employee or domestic partner only if you elect additional life insurance for yourself. The cost for spousal or domestic partner coverage is based on your spouse's or domestic partner’s age at the time application is made to the insurance company. Coverage for eligible dependent children is available at flat weekly rates. If you are a part-time employee (working between twenty and forty hours a week), your annual salary for purposes of determining payroll deductions is your hourly pay rate times 20 times 52. Existing life insurance coverage continues for thirty-one (31) days following termination of employment. Terminated employees have the option, within thirty-one (31) days of the date of termination, of converting their employee life insurance to an individual whole-life insurance policy. No evidence of insurability is required during the thirty-one day grace period. Existing life insurance coverage continues for thirty-one (31) days following the date of formal retirement. Employees entering retirement have the option, within thirty-one (31) days of the date of retirement, of converting their employee life insurance minus retiree coverage to an individual whole-life insurance policy. No evidence of insurability is required during the thirty-one day grace period. During approved leaves of absence or after termination of employment due to a reduction in force, you may continue your life insurance coverage as follows: Leave of absence Up to 3 calendar months Reduction in force Up to 2 calendar months Military leave of absence Up to 6 calendar months You will still have to pay your share of the premiums during these periods. If you become totally disabled before age 65 while you are insured, your life insurance coverage will continue for the first 6 months as long as you continue to pay y...
Life Insurance Plans. Coverages under the Core Life Insurance Plan (Basic Life and Life Plus) will end on your last day of employment. You may be converted to an individual policy with CIGNA by completing a Conversion Application within 31 days of your termination date and including the first premium with your application. Contact your Human Resources Generalist, or the Home Office Benefits Department to obtain a Conversion Application (HMRE 0465). If you are participating in the Group Universal Life Plan (GULP) and want to continue coverage, you must contact CIGNA directly at 0-000-000-0000 (Pennsylvania residents call 0-000-000-0000).
