Optional Additional Life Insurance Sample Clauses

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.
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Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to members of the Society, and/or their spouses: (a) Life Insurance in units of $10,000 to a maximum of $200,000 on any one life. (b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. (c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. (d) No percentage participation required of the group. (e) An exclusion will be a two year suicide clause. (f) Spouse cover will be available whether or not the member participates, on the same terms as for the member. (g) There shall be a conversion privilege pursuant to the Plan.
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Optional Additional Life Insurance. Employees may also purchase supplemental term life insurance, if available, with deductions from their bi-weekly compensation as designated by each employee. Although employees may use cash wages they receive through the cafeteria plan (if applicable) to purchase supplemental term life insurance, they cannot defer cash wages they receive through the cafeteria plan directly into the purchase of supplemental term life insurance. It must be a deduction from their paycheck.
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Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to employees and/or their spouses:
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Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to Regular Full- Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses:
Sample 1Sample 2Sample 3
Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to mem- bers of the Society, and/or their spouses: (a) Life Insurance in units of $10,000 to a maximum of $200,000 on any one life. (b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective (c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or re- jected at the time of application. (d) (e) (f) No percentage participation required of the group. An exclusion will be a two year suicide clause. Spouse cover will be available whether or not the member participates, on the same terms as for the member. (g) There shall be a conversion privilege pursuant to the Plan.
Sample 1
Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to employees, and/or their spouses, following completion of six (6) months of continuous employment: (a) Death benefit in units of $10,000 to a maximum of $500,000 for employees and $200,000 for an employee’s spouse on any one life. (b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels shall be reviewed annually by the City. Premium levels are subject to change by the Carrier upon appropriate written notice. (c) Premium rates are based on employee's or spouse's age on his/her last birthday and are set on a Male/Female and Smoker/Non-smoker basis. (d) Evidence of insurability to require a short form questionnaire. A medical examination may be required. (e) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee.
Sample 1
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Optional Additional Life Insurance. The following Optional Additional Life Insurance will be made available to members of the Society, and/or their spouses: Life Insurance in units of to a maximum of on any one life Premiums to be paid by employees by payroll deduction at rates that are competitive with market rates. levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. No percentage participation required of the group. An exclusion will be a two year suicide clause. Spouse cover will be available whether or not the member participates, on the same terms as for the member. There shall be a conversion privilege pursuant to the Plan Benefits Layoff plans on which they have been enrolled. e.g., Medical, Extended Health, Dental Plan, Group Life Insurance, Long Term Total Disability Plan, and Optional Additional Life Insurance coverage. The City agrees to ensure that such leave without pay status and benefit coverage continues in effect at employee's cost during such period, provided that such cost is paid in advance by or recovered from the employee concerned.
Sample 1
Optional Additional Life Insurance. Employees may also purchase supplemental term life insurance, if available, with deductions from their bi-weekly compensation as designated by each employee. Although employees may use cash wages they receive through the cafeteria plan (if applicable) to purchase supplemental term life insurance, they cannot defer cash wages they receive through the cafeteria plan directly into the purchase of supplemental term life insurance. It must be an after-tax deduction from their paycheck. ARTICLE 121: TUITION REIMBURSEMENT In accordance with the requirements of Administrative Regulation, Number 3A.2, the City shall reimburse an employee for attending an accredited college or university provided that the course is directly job related. If an individual is pursuing a degree, the City shall reimburse the employee for only those courses taken in the major, provided the degree objective is job related. To be eligible for tuition reimbursement each employee shall (prior to each fiscal year) submit a document setting forth the following: the name of the institution at which the course(s) will be taken, the title(s) of the course(s) for which he/she is seeking reimbursement, and how the course(s) is directly related to the employee’s job to his/her department head or designee, who shall forward it for approval to the Human Resources Department. Since eligibility requirements are set forth in the Administrative Regulation and require advance approval from a supervisor, department head and Human Resources prior to the commencement of education, employees wishing to receive tuition reimbursement are encouraged to review the policy. ARTICLE 132: TOOLS, UNIFORMS, SAFETY BOOTS, AND SAFETY GLASSES
Sample 1

Related to Optional Additional Life Insurance

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

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

  • 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.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • 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."

  • Optional Insurance Landlord may maintain such additional insurance with respect to the Building and the Complex, including, without limitation, earthquake insurance, terrorism insurance, flood insurance, liability insurance and/or rent insurance, as Landlord may in its sole discretion elect. Landlord may also maintain such other insurance as may from time to time be required by the holder of any mortgage on the Building or Property. The cost of all such additional insurance shall also be part of the Landlord’s Operating Expenses.

  • Key Person Life Insurance The Company will maintain key person life insurance in an amount not less than $1,200,000 on the life of E. Xxxxxxx Xxxxx and pay the annual premiums therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date.

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan. 37.2 The basic life insurance plan shall provide: (a) Effective June 1, 2002, coverage equal to one hundred percent (100%) of annual salary or ten thousand dollars ($10,000), whichever is greater; (b) where an employee is continuously disabled for a period exceeding six (6) months, the Employer will continue to pay monthly premiums on behalf of the employee until the earliest of recovery, death, or the end of the month in which the employee reaches age sixty-five (65). Any premiums paid by the employee for this coverage between the date of disability and the date this provision comes into force shall be refunded to the employee; (c) a conversion option for terminating employees to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination (less the amount of coverage provided by the Employer in the case of retirement). The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The minimum amount that may be converted is two thousand dollars ($2,000). The conversion options shall be: 1. Any standard life or endowment plans (without disability or double-indemnity benefits) issued by the insurance carrier. 2. A one (1) year term insurance plan which is convertible to the standard life or endowment plans referred to in option 1 above. 3. A term to age sixty-five (65) insurance plan. 37.3 The amount of basic life insurance will be adjusted with changes in the employee’s salary from the date of approval of the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase will not take effect until the employee returns to work on a full-time basis (i.e., for at least one (1) full day). 37.4 Basic life insurance will terminate at the end of the month in which an employee ceases to be a regular employee unless coverage is extended under the total disability provision. Employees who receive a monthly benefit from the Public Service Superannuation Fund or the OPSEU Pension Trust are entitled to free coverage of two thousand dollars ($2,000) not earlier than thirty-one (31) days after the first of the month coinciding with or following date of retirement and this amount will be kept in force for the remainder of the employee’s life.

  • Supplemental Life Insurance In addition to the life insurance benefits provided by this agreement, employees may subscribe voluntarily and at their own expense for supplemental life insurance. Employees may subscribe for an amount not to exceed five hundred thousand dollars ($500,000), of which one hundred thousand ($100,000) is a guaranteed issue, provided the election is made within the required enrollment periods.

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