Basic Life Insurance definition

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by Parent or a subsidiary of Parent equal to 1x "base pay" as defined under the life insurance plan in which the Eligible Employee participates, as it may be amended from time to time.

Basic Life Insurance means the amount of life insurance that the Department provides at no charge to an employee or officer.

Basic Life Insurance means the employee group term life insurance coverage in effect for a Covered Employee on the date he/she incurs a Separation From Service as follows:

Examples of Basic Life Insurance in a sentence

• Employees who become insured for MetLife Supplemental Life Insurance and/or non- contributory Basic Life Insurance will also have access to funeral planning resources including funeral planning tools and concierge services provided by the same national network of providers.

• The conversion option shall be as stated in Article 65.2(c) (Basic Life Insurance).

• The Company shall use its reasonable best efforts to effect the transfer of the ownership to the Executive of the policy or policies for the Basic Life Insurance and the Optional Life Insurance, if any, upon the termination of the Executive's employment by the Company.

• Included are Basic Life Insurance coverage and Accidental Death and Dismemberment (AD&D) coverage.

• All employees shall be enrolled in the League sponsored Basic Life Insurance program.

• The conversion option shall be as stated in Article 37.2(c) (Basic Life Insurance).

• Effective July 1, 2015, and in compliance with Health Care Reform, all District 11 employees must work an average of 30 hours per week or more to be eligible for benefits, as defined in 3.A Health, 3.B Dental and Vision, 3.C Basic Life Insurance.

• The Company shall use its reasonable best efforts to make available to the Executive in providing and paying for the Basic Life Insurance the opportunity to purchase at the Executive's sole cost and expense additional life insurance with a basic death benefit (the "Optional Life Insurance") equal to two times the Executive's Base Salary in effect from time to time (affording the Executive the opportunity to have basic death benefit life insurance coverage equal to four times such Base Salary).

• Employees who become insured for MetLife non-contributory Basic Life Insurance under the Group Policy are eligible to receive discounts of up to 10% off the service provider’s standard price for certain funeral services including funeral, cremation and cemetery products and services provided by a third party national network of funeral and funeral planning providers while such insurance remains in effect.

• Employees who become insured for MetLife non-contributory Basic Life Insurance will also have access to funeral planning resources including funeral planning tools and concierge services provided by the same national network of providers.MetLife has arranged for these services and discounts to be provided to Employees and their spouses for no additional premium.

More Definitions of Basic Life Insurance

Basic Life Insurance. The Board of Education will provide Administrator with a basic life insurance policy and coverage of $ 5,000.00. Dental Insurance: Administrator shall be offered self-funded dental insurance paid by the Board of Education. The Board reserves the right to select the carrier for the dental fringe benefits. The total premiums for the dental fringe shall be paid by the Board of Education. Vision Insurance: Administrator shall be offered self-funded vision insurance paid by the Board of Education. The Board reserves the right to select the carrier for the vision fringe benefits. The total premiums for the vision fringe shall be paid by the Board of Education.

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by Parent or a subsidiary of Parent

Basic Life Insurance. 200% of annual basic earnings.

Basic Life Insurance. A term life insurance is provided, paid in full by BMC covering one times your annual salary, effective upon date of hire.

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by the Employer equal to 1.0 x “base pay” as defined under the life insurance plan in which the Eligible Employee participates, as it may be amended from time to time.