Survivor Income Benefit. The Employer agrees to contribute 50% of the premiums for the Plan currently in effect on the date of ratification.
Survivor Income Benefit. A full-time employee with eligible dependents is eligible for insurance and shall be insured on the first day of the month next following the later of:
Survivor Income Benefit. A full-time employee with eligible dependents is eligible for insurance and shall be insured on the first day of the month next following the later of: six (6) months’ continuous full-time employment with the Employer; or the date on which the employee acquires an eligible dependent. Where a single employee marries, the insurer shall require the employee to submit evidence of health. Where such evidence of health is not satisfactory to the insurer, the effective date of coverage for such employee shall be the first day of the month following the first anniversary of the marriage. Eligible dependent shall mean: the spouse of an employee, except for a spouse who is both estranged from the employee and not dependent on for support; and any dependent child of a married employee or of a widowed, widowered or divorced employee, including a stepchild or legally adopted child, who has not attained age eighteen (18). The insurance for an insured employee who becomes totally disabled before normal retirement age, will be continued without payment of premiums during the continuance of total disability until the employee recovers or attains normal retirement age. The insurer shall reserve the right to require the employee to submit to physical examination by physicians designated by it. Total disability means continuous disability which, during the first two (2) years of total disablement prevents an employee from performing any and every duty pertaining to the employee’s own occupation and thereafter from engaging in any occupation for which the employee is fitted through education, training or experience. The coverage shall terminate at the earliest of the following dates: the 15th day following the date of termination of employment with the Employer; the date of the employee's retirement or early retirement Pension under the Employer's Pension Plan: the date on which the employee attains normal retirement age; the date on which the employee ceases to have any eligible dependents; the date of re-marriage of a surviving spouse. On the death of an insured employee, a monthly benefit will be payable to spouse and/or children under age of eighteen (18). This benefit will be payable until the later of: the date of death or re-marriage of the spouse; or the date on which the youngest eligible child attains age eighteen (18). The amount of the monthly benefit,subject to the last paragraph in this Article will be one-twelfth of the greatest of: $600.00; or of the employee's...
Survivor Income Benefit. Provided the Bank receives payment from the insurance policy insuring Executive’s life, the Bank shall pay to the Executive’s designated beneficiary(ies), in a single lump sum, the survivor income benefit of $25,000 in the event of the death of Executive under the following circumstances: (a) the death occurs while the Executive is employed by the Bank; (b) the death occurs following a voluntarily or involuntarily termination (exclusive of Termination for Cause) of Executive’s employment with the Bank during the 24 month period following a Change in Control; (c) the death occurs following the termination of Executive’s employment due to Disability and Executive has not recovered from such Disability at the time of death; or (d) the death occurs after Executive reaches Normal Retirement Age. The Bank shall make the payment within ninety (90) days of the presentation of claim and affirmative determination of the right to such benefit, pursuant to Article 5 hereof.
Survivor Income Benefit. 19.1 If you are not retired on pension and at your death are survived by an eligible survivor, a monthly survivor income benefit will be payable as described below: CLASS “A”' - FOR MALE EMPLOYEES - your widow, but only if she was legally married to you for at least one year immediately prior to your death. CLASS "B" - FOR FEMALE EMPLOYEES - your widower, but only if:
Survivor Income Benefit. If you are not retired on pension and at your death are survived by an eligible survivor, a monthly survivor Income Benefit will be payable as described below: Class "A" for Employees your widow or widower, but only if she or he was legally married to you or in a common law relationship with you, as recognized under British Columbia law, for at least one year immediately prior to your death. Class "B" - Your Child or Children who at the time a Transition Benefit first becomes payable to him/her is both unmarried and under 21 years of age. A child shall cease to be a Class "B" eligible survivor upon marrying or upon reaching his or her 21st birthday. Class "C" - Your Parent (Or Parents) for whom you had, during the calendar year preceding your death, provided at least 50% of the parent's support. A monthly Transition Benefit of $175.00 shall be payable for any month for which you have an eligible survivor. Payments begin on the first day of the calendar month following your death and continue for not more than twenty-four (24) months. On each date as of which a payment is payable, payment shall be made to your then surviving Class "A" survivor, if any, otherwise in equal shares to your then surviving Class "B" survivors, if any, otherwise in equal shares to your then surviving Class "C" survivors. In the event a payment has been made to the Class "C" survivor, no payments may thereafter be made to a Class "B" survivor. If on the date a payment would otherwise be made, there is no eligible survivor entitled to receive payment, no further Transition Benefit payments shall be made. Subject to the exception below, a monthly Bridge Benefit of $175.00 will be paid to your surviving Class "A" survivor, if any, commencing one month after the 24th monthly Transition Benefit payment was made. However to qualify for the Bridge Benefit it is necessary that your Class "A" survivor has, on the date of your death, attained age 50, but had not attained age 60 and received 24 monthly Transition Benefit payments. This benefit will continue while there is a Class "A" survivor, but not beyond the earlier to occur of the following:
Survivor Income Benefit. A. Transition Benefit
Survivor Income Benefit
