Insured employee definition
Examples of Insured employee in a sentence
While the Policy is in force, upon the happening of death of an Insured employee / Member during the Policy year, upon the receipt by the Company of satisfactory proof of death of an Insured Member / employee, the Amount of Insurance determined in accordance with the Policy Schedule shall be payable by the Company in the manner herein provided and subject to the conditions set out hereinafter.
Insured employee benefits (except Dental) shall be continued for employees receiving benefits under the Long Term Disability Income Plan.
An Insured employee if disabled will be eligible for benefits from the first (1st) day of absence due to a non-occupational accident, the first (1st) day of outpatient surgery (excluding cosmetic procedures and performed in a public hospital as defined in the Public Hospital Act), from the fourth (4th) day where the absence is due to a bona fide sickness, and from the first (1st) day for hospitalization.
Until the termination of this Split Dollar Agreement, the Company shall pay the Trust's share of the premium and shall charge such amount as income to the Insured employee of the Company.
Dependent Child as respects this benefit provision only, will mean unmarried child under 25 years of age who was dependent upon the Insured employee for at least 50% of his maintenance and support.