Occupational Training Benefit Clause Samples
The Occupational Training Benefit clause provides employees with access to training or educational opportunities related to their job or career advancement. Typically, this clause outlines the types of training covered, such as workshops, courses, or certifications, and may specify eligibility requirements or reimbursement procedures. Its core practical function is to support employee development and skill enhancement, thereby benefiting both the individual and the employer by fostering a more capable and adaptable workforce.
Occupational Training Benefit. In the event of the accidental death of an employee and if indemnity for such loss becomes payable in accordance with the terms of this policy, the Insurance Company will pay the reasonable and necessary expenses actually incurred within three years from the date of such accident by the spouse of the employee who engages in a formal occupational training program in order to become specifically qualified for active employment in an occupation for which they would not otherwise have sufficient qualifications, not to exceed in the aggregate amount as defined in the Letter of Understanding for all such expenses. Payment shall not be made for room, board or other ordinary living, traveling or clothing expenses. Benefits payable under this part shall be limited to only one policy in the event this benefit is contained in two or more policies issued to the Policyholder by the Insurance Company.
Occupational Training Benefit. In the event of the Accidental Death of an employee and if Indemnity for such loss becomes payable in accordance with the terms of this policy, the Insurance Company will pay the reasonable and necessary expenses actually incurred within three years from the date of such accident by the spouse of the employee who engages in a formal occupational training program in order to become specifically qualified for active employment in an occupation for which he/she would not otherwise have sufficient qualifications, not to exceed in the aggregate amount as defined in the Letter of Understanding with the Insurance Carrier for all such expenses. Payment shall not be made for room, board, or other ordinary living, travelling or clothing expenses. Benefits payable under this part shall be limited to only one policy in the event this benefit is contained in two or more policies issued to the Policyholder by the Insurance Company.
Occupational Training Benefit. Benefit provisions
Occupational Training Benefit. In the event of Accidental Death is sustained by an Insured Employee and indemnity for such loss becomes payable in accordance with the terms of The Policy, the Company will pay the reasonable and necessary expenses actually incurred within three (3) years from the date of such accident by the Spouse of the Insured Employee who engages in a formal occupational training program in order to become specifically qualified for active employment in an occupation for which he/she would not otherwise have sufficient qualifications, not to exceed in the aggregate the amount of ten thousand dollars ($10,000) for all such expenses. Payment shall not be made for room, board, or other ordinary living, travelling or clothing expenses. The above benefit shall only be payable under one of the policies issued by the Company and shall not duplicate benefits payable under any other insurance.
Occupational Training Benefit. In the event of the Accidental Death of an employee and if indemnity for such loss becomes payable in accordance with the terms of this policy, the Insurance Company will pay the reasonable and necessary expenses actually incurred within three years from the date of such accident by the spouse of the employee who engages in a formal occupational training program in order to become specifically qualified for active employment in an occupation for which he would not otherwise have sufficient qualifications, not to exceed $5,000. Payment shall not be made for room, board, or other ordinary living, travelling or clothing expenses. Benefits payable under this part shall be limited to only one policy in the event this benefit is contained in two or more policies issued to the Policyholder by the Insurance Company.
Occupational Training Benefit. If injury results in loss of life of the Insured and the spouse is insured hereunder, the actual educational expense incurred for retraining to allow such spouse to pursue a gainful occupation, if not previously gainfully employed on a full-time basis, will be reimbursed up to a maximum of twenty-five hundred dollars ($2,500).
Occupational Training Benefit. In the event of accidental death is sustained by an insured employee and indemnity for such loss becomes payable in accordance with the terms of the policy, the company will pay the reasonable and necessary expenses actually incurred within three