Life Insurance Policy. The District shall provide a term life insurance policy that provides forty-eight thousand ($48,000) in the event of the employee’s death, two thousand ($2,000) for the death of the employee’s spouse, and one thousand ($1,000) in the event of the death of each dependent child under twenty-six (26) years of age. As required by the life insurance carrier, employee’s life insurance may be subject to reduction at age seventy (70) and over.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Life Insurance Policy. The District shall provide a term life insurance policy that provides forty-eight thousand ($48,000) in the event of the employee’s death, two thousand ($2,000) for the death of the employee’s spouse, and one thousand ($1,000) in the event of the death of each dependent child under twenty-six (26) years of age. As required by the life insurance carrier, employee’s life insurance may be subject to reduction at age seventy (70) and over.the
Appears in 1 contract
Samples: Collective Bargaining Agreement
Life Insurance Policy. The District shall provide a term life insurance policy that provides forty-eight thousand ($48,000) in the event of the employee’s death, two thousand ($2,000) for the death of the employee’s spouse, and one thousand ($1,000) in the event of the death of each dependent child under twenty-twenty- six (26) years of age. As required by the life insurance carrier, employee’s life insurance may be subject to reduction at age seventy (70) and over.
Appears in 1 contract
Samples: Collective Bargaining Agreement
