LIFE INSURANCE PROGRAMS Sample Clauses

LIFE INSURANCE PROGRAMS. 29 (a) AT&T Senior Management Universal Life Insurance Program....................................... 29 (b) AT&T Executive Basic Life Insurance Program............. 30 (c) AT&T Estate Enhancement Program......................... 30 (d) AT&T Supplemental Variable Universal Life Insurance Program....................................... 30 5.11
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LIFE INSURANCE PROGRAMS. (a) AT&T SENIOR MANAGEMENT UNIVERSAL LIFE INSURANCE PROGRAM. The life insurance amount under the SMULIP shall be frozen (the "frozen SMULIP coverage") as of the Close of the Disposition Date for any Transferred Individual who is a SMULIP participant as of the Close of the Disposition Date and who either (i) is then eligible to participate in the Retirement-Related Benefit Plans; or (ii) may be eligible to participate in the Retirement-Related Benefit Plans pursuant to the provisions of Section 4.6. AT&T shall allow such Transferred Individual to continue to participate in the SMULIP until the earlier of (1) the Transferred Individual's attainment of his or her "normal termination date" under the terms of the SMULIP as such terms exist on the date of this Agreement; or (2) the Transferred Individual's termination of employment from Wireless Services and all Wireless Services Entities before becoming eligible to participate in the Retirement-Related Benefit Plans pursuant to the provisions of Section 4.6. During the Transferred Individual's participation in the SMULIP after the Disposition Date, AT&T shall pay the premiums determined to be due under the applicable life insurance policy (and any tax adjustment payments, determined in accordance with the terms of the SMULIP as they exist on the date of this Agreement) to provide the frozen SMULIP coverage amount. The participation of all other Transferred Individuals who participate in the SMULIP shall terminate as of the Close of the Disposition Date, and the life insurance policy covering the life of such Transferred Individuals under the SMULIP may be allowed to lapse, surrendered for its cash surrender value, or continued with premium payments being made from the Transferred Individual's (or his or her assignee's) personal assets.
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LIFE INSURANCE PROGRAMS. (a) COMPANY PAID LIFE INSURANCE COVERAGE. Transferred Employees as of the Transition Date shall be eligible for coverage through the Ford-UAW Group Life Insurance Program effective as of the Insurance Conversion Date. Transferred Employees shall be required to execute a new beneficiary designation form, as required by Ford's plan administrator. In the event of a death prior to receipt of a new beneficiary designation form, Ford shall use the last beneficiary form of record under the Visteon-UAW Group Life Insurance Program. Visteon shall continue coverage for Transferred Employees under the Visteon-UAW Group Life Insurance Program until the Insurance Conversion Date.
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LIFE INSURANCE PROGRAMS. On the Distribution Date, Ralcorp shall relinquish all rights under any Split Dollar Second-To-Die Life Insurance policies currently insuring the lives of any New Ralcorp Employee and his or her spouse, including but not limited to rights to any portion of the cash value or death benefits under such policies, created in accordance with the terms of the Split Dollar Agreement and Collateral Assignment between Ralcorp and such employee regarding such policies, and will take all reasonable steps necessary to assign such rights to New Ralcorp. Prior to the Distribution Date, Ralcorp shall perform any and all obligations required of it under the terms of such Split Dollar Agreement and Collateral Assignment with respect to such policies. 8.7
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LIFE INSURANCE PROGRAMS 
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Related to LIFE INSURANCE PROGRAMS

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

  • Life Insurance Policies If any Debtor, now or any time hereafter, is the beneficiary of a “key man life insurance policy”, it shall promptly notify the Agent thereof, provide the Agent with a true and correct list of the Persons insured, the name and address of the insurance company providing the coverage, the amount of such insurance and the policy number, and, unless otherwise waived by the Agent in writing, take such actions as Agent may deem necessary or the Agent shall deem reasonably desirable to collaterally assign policy to the Agent for the benefit of the Lenders.

  • Life Insurance Policy In addition to the insurance coverage contemplated by Section 4(e), during the Employment Term the Company shall maintain in effect term life insurance coverage for the Executive with a death benefit of at least Five Hundred Thousand Dollars ($500,000), subject to the Executive's insurability at standard rates and with the beneficiary or beneficiaries, thereof designated by the Executive. Notwithstanding Section 9 of this Agreement, such life insurance policy or policies may be assigned to a trust for the benefit of any beneficiary designated by the Executive.

  • 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.

  • 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."

  • Key Person Life Insurance The Company shall maintain term life insurance in the amount of $1,000,000 for Rxx Xxxxxx and $5,000,000 for Hxxxxx Xxxxx on the lives of the Key Holders, naming the Company as beneficiary. The Company shall obtain such insurance as soon as reasonably practicable following the closing of the sale of the Series A Preferred Stock pursuant to the Series A Agreement.

  • 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

  • Health Plans The health plans offered and benefits provided by those plans shall be those approved by the City's JLMBC and administered by the Personnel Department in accordance with LAAC Section 4.

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

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