Retirement and Insurance Benefits. The executive director shall make arrangements to ensure that eligible employees are covered by appropriate retirement savings, life insurance, medical expenses, and long-term disability plans.
Retirement and Insurance Benefits. 6.1. The Company shall during the continuance of the employment but without prejudice to its right to terminate the Executive's employment at any time provide the Executive with: life assurance cover which in the event of death during the continuance of employment will pay a lump sum equal to three times the Executive's annual rate of gross salary at the date of death under Clause 3.1 above. This is subject to underwriting acceptance by the insurer otherwise a lower limit may be imposed. The Executive acknowledges that the insurance benefit provided to him under this clause 6.1 may constitute a taxable benefit and he agrees to be responsible for any employee's tax arising thereon. Should the Company reasonably determine that the continuing cost of providing such insurance would be prohibitive to the Company the Company shall notify the Executive of the same and offer to the Executive the option of paying the extra (cost prohibitive part of the) cost such that the insurance can be continued.
Retirement and Insurance Benefits. Employees covered by this Agreement shall be entitled to participate in and shall be covered by the following Xxxxxx Corporation Employee Benefit Plans for Employees Represented by The IBEW, AFL-CIO.
Retirement and Insurance Benefits
