Optional Term Life Insurance. Effective January 1, 2014, employee’s may purchase additional optional term life insurance in amounts equal to 4 up to 8 times their basic annual earnings subject to a maximum of $1,000,000. Employees shall pay 100% of the premiums. There shall be no pre-qualification for those who elect this insurance during initial implementation or initial employment in amounts equal to one, two, three or four times their salary.
Appears in 4 contracts
Optional Term Life Insurance. Effective January 1, 2014, employee’s employees may purchase additional optional term life insurance in amounts equal to 4 up to 8 times their basic annual earnings subject to a maximum of $1,000,000. Employees shall pay 100% of the premiums. There shall be no pre-qualification for those who elect this insurance during initial implementation or initial employment in amounts equal to one, two, three or four times their salary.
Appears in 2 contracts
