Retirement Insurance. Effective May 19, 1996, the Company will assume the full cost of providing Term Insurance coverage in the amount of ten thousand dollars ($10,000), for an employee who retires from the Company, while in active employee status, on or after age fifty - five (55), with ten (10) years or more of service. This ten thousand dollars ($10,000) amount decreases by one thousand dollars ($1000) each year, until a minimum of five thousand dollars ($5000).
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Samples: www.sdc.gov.on.ca, sp.ltc.gov.on.ca
Retirement Insurance. Effective May 19, 1996, the Company will assume the full cost of providing Term providingTerm Insurance coverage in the amount of ten thousand dollars ($10,000), for an employee who retires from the Company, while in active employee status, on or after age fifty - fifty-five (55), with ten (10) years or more of service. This ten thousand dollars ($10,000) amount decreases by one thousand dollars thousanddollars ($1000) each yeareachyear, until a minimum mum of five thousand dollars ($5000).
Appears in 1 contract
Samples: Agreement
Retirement Insurance. Effective May 19, 1996, the Company will assume the full cost of providing Term Insurance coverage in the amount of ten thousand dollars ($10,000), 1 for an employee who retires from the Company, while in active employee status, on or after age fifty - five (55), with ten (10) years or more of service. This ten thousand dollars ($10,0000,000) amount decreases by one thousand dollars ($1000) each year, until a minimum of five thousand dollars ($5000).
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Samples: Management Grievance Procedure