Plan B. 121 The Board shall provide the employee and his/her eligible dependents as defined in the agreed upon specifications, assigned for more than seven (7) hours per day not electing insurance benefits, as described in Section 18.1, Plan A, for a full twelve-(12) month period of each school year life insurance plus an additional cash payment of seventy-five ($75) dollars per month added to gross pay. .122 Term life insurance in the amount of fifty thousand ($50,000) dollars for the employee only. Such insurance protection shall be paid to the employee’s designated beneficiary. In the event of accidental death, the insurance (AD&D) will pay double the specified amount; in the event of accidental dismemberment, the insurance will pay according to the schedule. .123 Dependent Term Life Insurance in the amount of ten thousand ($10,000) dollars for each employee’s spouse and five thousand ($5,000) dollars for each dependent child as defined in the agreed upon specifications.
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Samples: Master Contract, Master Contract, Master Contract
