Term Insurance Clause Samples
Term Insurance. All insurance required under this Agreement shall cover occurrences during the term(s) of this Agreement. In the event that any insurance as required herein is commercially available only on a "claims-made" basis, such insurance shall provide for a retroactive date not later than the Authorization Date and such insurance shall be maintained by Seller, with a retroactive date not later than the retroactive date required above, for a minimum of three (3) years after the expiration of the final term of this Agreement.
Term Insurance. In addition to the existing life insurance available through the State of New Jersey and all other existing plans the Township shall purchase for the benefit of all members of the Division term insurance in the amount of $20,000.
Term Insurance. During the Employment Period, the Company shall provide the Executive with a term life insurance policy consistent with the policies of the Company's other members of the Office of the President, providing coverage of $400,000 payable to a beneficiary to be designated by the Executive.
Term Insurance. The School District shall pay the full premium for a $50,000 term life insurance policy for all Association members; in addition, each administrator shall take an additional $50,000 term life insurance policy from the current life insurance carrier to be paid by payroll deduction; an adjustment in salary covering the amount of the additional premium will be paid for by the district. Each member shall have the right to purchase up to an additional $40,000 of term life insurance under this policy at the member’s own expense. Additionally, dependent term insurance is available as described on Appendix B at the employee’s expense.
Term Insurance. C.1.4.1 The Board will subsidize the term insurance plan to the extent of 100% of the premium cost for double salary coverage.
C.1.4.2 Double salary coverage shall be a condition of employment for all teachers unless presently employed and uninsurable.
C.1.4.3 Triple insurance coverage may be carried by a teacher, subject to the enrolment requirements of the insurance carrier, with the teacher paying the total difference in premium from double salary coverage to triple salary coverage.
Term Insurance. The Board agrees to provide, at no cost to the employee, Term Life Coverage in the amount of $50,000.
Term Insurance. The Board of Education shall provide term life insurance in the amount of $25,000 for full-time employees. Premiums will be paid by the Board.
Term Insurance. The Board shall pay one hundred percent (100%) of the premium for a forty thousand dollar ($40,000) Term Life and Accidental Death and Dismemberment Coverage for each full-time regular employee. The insurance coverage shall be purchased and maintained through a total employee group life rate plan. This proposal is contingent on the premium rate not exceeding more than forty cents (40¢) per employee, per month, per one thousand dollars ($1,000) of coverage or the amount of coverage shall be pro-rated. The Board shall be solely responsible for selecting the insurance carrier. Life insurance coverage shall be 65% at 70, 42% at 75, 28% at 80, and 15% at 85.
Term Insurance. Effective August, the Board will provide a Long Term Disability Insurance Plan and agrees to pay of the premium cost for such plan. At least of the eligible employees must be insured before the plan takes effect.
Term Insurance. During the Term, the Company will pay the full premium cost of certain term life insurance policies issued on the life of Executive and referred to on Exhibit B attached hereto, in the annual amount of approximately $45,000.00. Executive will be responsible for the tax liability imposed on him as a result of such payment.