Common use of Paid‑up Term Life Insurance Clause in Contracts

Paid‑up Term Life Insurance. (1) Employees with ten (10) or more years of service retiring on a regular pension will be given a $6,000 term life insurance policy or other funding mechanism on terms satisfactory to the Union.

Paid‑up Term Life Insurance. (1) Employees with ten (10) or more years of service retiring on a regular pension will be given a $6,000 term life insurance policy or other funding mechanism on terms satisfactory to the Union.

Paid‑up Term Life Insurance. (1) Employees with ten (10) or more years of service retiring on a regular pension will be given a an $6,000 8,000 term life insurance policy or other funding mechanism on terms satisfactory to the Union.