Survivor Income Benefit Insurance Sample Clauses

Survivor Income Benefit Insurance. If you should die the Company shall pay a monthly benefit of $100 to your spouse commencing on the first day of the calendar month following the date of death and on the first day of each month thereafter until 24 such monthly payments have been made. No survivor Income Benefit shall be subject in any manner to assignment, pledge, attachment of encumbrance of any kind, nor subject to the debts or liability of any eligible survivor except as required by applicable law.
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Survivor Income Benefit Insurance. This insurance consists of two parts, a transition survivor income benefit and a bridge survivor income benefit. The monthly amount of insurance for eligible employees and retirees shall be as follows: Class of Survivor Monthly Transition Benefit June 1, 2009 Class A with child(ren) $600 Class A without child(ren) $525 Class B without parents $600 Class B with one parent $525 Class C $525 Monthly Bridge Benefit June 1, 2009 Class of Survivor Class A $525
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Survivor Income Benefit Insurance. This insurance consists of two parts, a transition survivor income benefit and a bridge survivor income benefit. The monthly amount of insurance for eligible employees and retirees shall be as follows:
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Survivor Income Benefit Insurance. Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement. • Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount will be a maximum of $10,000 for all current retirees and future retirees. • Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. • Miscellaneous modifications that relate to changes for Basic Life Article III, Section 3(e) Article III, Section 4(b) and (c) Article IV, Section 1 (c) For the International IUE-CWA: For General Motors Company: Dated: The following is a list of proposed changes to the Life and Disability Benefits Program: • For an employee to be deemed to be wholly and continuously disabled under the provisions of Article II, Section 6(a) and Article II, Section 7(a), the employee must provide medical evidence, satisfactory to the Carrier (third party administrator) that substantiates total disability, i.e., medical substantiation. Absent medical information that substantiates total disability, the employee’s claim for benefits under the Program will be denied. This will be effective for all employees’ currently on a disability leave or any future disability leaves. New claim forms will be created for this process and will be distributed to all employees on claim.
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Survivor Income Benefit Insurance. Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement. • Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount will be a maximum of $10,000 for all current retirees and future retirees. • Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. • Miscellaneous modifications that relate to changes for Basic Life Article III, Section 3(e) Article III, Section 4(b) and (c) Article IV, Section 1(c) For the International IUE-CWA: For General Motors Company: Dated: This Agreement shall constitute an Addendum to the 2008 Moraine Closure Agreement. The following paragraphs, documents, and memoranda contained in the 2008 Moraine Closure Agreement shall be amended as follows: • Cost of Living payable, Paragraphs (65d) - (65I) is eliminated • Performance Bonus Payments, Paragraph (65)(b)(2) is eliminated • Individual Upward Educational Plan, Document 21 is eliminated December 31, 2009 • Retiree Individual Upward Educational Plan, Document 25 is eliminated December 31, 2009 • IUE-CWA-GM Scholarship Program For Dependent Children, Document 57 is eliminated December 31, 2009 • Section 5 of the Closure Agreement relating to Supplemental Unemployment Benefit (SUB) is modified (See Attachment A) • Note the provisions identified above were settled similar in scope to those settled with the UAW • Section 16 of the Closure Agreement is eliminated • Joint Activities, Document 73 is modified to reflect a final settlement of $450,000 to be paid with installments of $225,000 in the first quarter 2010 and $225,000 in the first quarter of 2011 • Memorandum of Understanding Moraine Assembly Closure Agreement Special Attrition Program Option 5 “Special Employee Hiring Opportunities GM-IUE-CWA Moraine Assembly Plant” is eliminated for General Motors Company. Those employees who elected Option 5 will be allowed to rescind their application in accordance with the Option 5 provisions during a two (2) week time period identified by Management. Employees who do not rescind their application will remain on layoff with applicable SUB. • Life and Disability Benefits Program (See Attachment B) The parties agree that the provisions of the 2008 Moraine Closure Agreement not amended by these negotiations, the Term Sheet or the General Motors Company- I...
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Survivor Income Benefit Insurance 
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Related to Survivor Income Benefit Insurance

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Survivors Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

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