Employee Life Insurance definition

Employee Life Insurance. An amount equal to the regular hourly rate of pay multiplied by 4160 hours, reducing to twenty (20%) percent at age 65.
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Employee Life Insurance means the employee group term life insurance coverage options (which include no permanent benefit), as amended from time to time, offered pursuant to an Agreement.
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Employee Life Insurance. 300% of annual earnings to a max = $300,000 Dependant Life Insurance : Spouse : $10,000, Child : $5000 Accidental Death : amount equal to Life Insurance Long Term Disability : 66.7% of the first $3,000 of monthly earn- ings plus 45% of the remainder to a max = $6,000 or 95% of your pre-disability take- home pay. To age 65 - Non taxable Healthcare : No deductible : Details in attached "Selectpac" booklet Visioncare : $150 / 2 years max Dentalcare : Details included in "Selectpac" booklet.
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Examples of Employee Life Insurance in a sentence

  • Employee Life Insurance You are automatically covered by $10,000 Basic Life Insurance and $10,000 AD&D.

  • Employee Life Insurance The Company will pay one hundred percent (100%) of the premium cost of life insurance, accidental death and dismemberment insurance for seniority employees at $37,000 for life insurance and $37,000 for accidental death and dismemberment insurance for the duration of this agreement.

  • Your Employee Life Insurance is term insurance which covers you 24 hours per day while you remain an employee of the College and continue to meet the eligibility requirements for insurance under the group contract.

  • EM Funded staff Name Total Salary Amount FICA/Medicare Retirement Employee Life Insurance Health/Dental Insurance Workers Comp Incentive Pay (If, Applicable) Total Fringe Benefits $ 15,000.00 SubTotals $ 15,000.00 $ - Total Cost Charged to the Grant $ 15,000.00 Florida County (name) $100,000 $95,000 $90,000 $85,000 $90,000 2020-2021 10% $10,000 $5,000 This form is to be completed and sent when the Local County Budget is approved or by the end of the first quarter.

  • If, at your death, no Mode of Settlement has been arranged for an amount of your Employee Life Insurance, the Beneficiary and Prudential may then mutually agree on a Mode of Settlement for that amount.

  • It is further understood that payment by the Company of group Weekly Indemnity, Employee Life Insurance, Extended Health Care, Dental Care and Long Term Disability benefit premiums, as described above, is conditional upon the employee performing work for the Company during the month in which the premiums fall due.

  • You must apply for the individual policy, and pay the first monthly premium within days of the termination of your Employee Life Insurance.

  • Seller currently maintains employee life insurance benefit plans for eligible active employees of GenCorp, including eligible Transferred Salaried Employees (the "Active Employee Life Insurance Plans").

  • Section 22.1 The Company will provide employees, other than employees hired for fixed periods of ninety (90) days or less, at each location, the Company's Employee Life Insurance Plan.

  • If you die while insured, this benefit provides financial assistance to your beneficiary, in addition to your Employee Life Insurance Benefit.


More Definitions of Employee Life Insurance

Employee Life Insurance. 300% of annual earnings to a max = $300,000 Dependant Life Insurance : Spouse : $10,000, Child : $5000 Accidental Death : amount equal to Life Insurance Long Term Disability : 66.7% of the first $3,000 of monthly earn- ings plus 45% of the remainder to a max = $6,000 or 95% of your pre-disability take- home pay. To age 65 - Non taxable Healthcare : No deductible : Details in attached "Selectpac" booklet Visioncare : $150 / 2 years max Dentalcare : Details included in "Selectpac" booklet. Parking Parking is provided for Xxxxxxx Xxxxxxxxx under the Joffre building located at #000 00xx Xxx. X.X. this fee is paid for by Expanded Systems currently at a rate of $140 per month. Alberta Health Care Premiums Employer paid Alberta HealthCare premiums Business of Expanded Systems Expanded Systems (ESS) designs and installs wide area network solutions to mid-sized organizations. ESS resells networking and communications hardware along with its own expertise to construct carrier service, internet, and private facility based networks. Expanded Systems also specializes in voice over IP, video conferencing and internet security technologies. Addresses : Xxxxx Xxxx 00 Xxxxxxxx Xxxxx X.X. Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 Xxxxxxx Xxxxxxxxx 00 Xxxxxxxxx Xxxx. X.X. Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 CORMAX BUSINESS SOLUTIONS INC. Stock Option Plan SCHEDULE "D" THIS AGREEMENT made as of the _22_ day of __March__, 2001. BETWEEN: Cormax Business Solutions Inc., a Utah corporation having offices in the City of Calgary, in the Province of Alberta (hereinafter called the "Corporation") OF THE FIRST PART Xxxxxxx Xxxxxxxxx, an individual residing in the City of Calgary, in the Province of Alberta (hereinafter called the "Employee") OF THE SECOND PART
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Related to Employee Life Insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Sponsored captive insurance company means a captive insurance company:

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Accidental death and dismemberment insurance or "AD&D" means basic accidental death and dismemberment (AD&D) insurance paid for by the employing agency, as well as supplemental accidental death and dismemberment insurance offered to and paid for by employees for them- selves and their dependents.

  • Insurance Consultant or "consultant" means a person who:

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Long-term disability insurance or "LTD insurance" means employ- er-paid long-term disability insurance and employee-paid long-term disability insurance offered by the PEBB program.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Retiree means any person who has begun accruing a retirement

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Captive insurance company means any pure captive insurance company, association captive

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Reimbursement insurance policy means a policy of insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Union Employees has the meaning set forth in Section 6.12(a).

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.