Life Insurance Coverage definition

Life Insurance Coverage means the continued coverage to which you may be entitled under the Company's group-term and executive life insurance plans during any Salary Continuation Period in effect for you under this letter agreement.
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Life Insurance Coverage. Life insurance coverage under CBS’s policy in effect on the Separation Date in the amount then furnished to CBS employees at no cost until June 30, 2020.
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Life Insurance Coverage means group term life insurance coverage maintained for Employees by the Employer under a separate plan, program, insurance policy or contract, which satisfies the requirements of Section 79 of the Code.
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Examples of Life Insurance Coverage in a sentence

  • If a Grantee is no longer an employee of the Company at the time of death, no longer has any Group Life Insurance Coverage and has not filed a designation of beneficiary with the Company under the Plan, distribution upon such Grantee’s death shall be made to the Grantee’s estate.

  • If no designation of beneficiary has been made by a Grantee under the Group Life Insurance Coverage or filed with the Company under the Plan, distribution upon such Grantee’s death shall be made in accordance with the provisions of the Group Life Insurance Coverage.

  • B Health and Life Insurance Coverage Employees who are separated because of a layoff or a reduction in force shall be entitled to the health insurance and life insur- ance coverage and to the conversion rights provided for in the Employee and Labor Relations Manual.

  • All other employees are not eligible for Retiree Life Insurance Coverage.

  • Employees who are eligible for Retiree Medical Insurance Coverage in accordance with Section 7.3B, above, are also eligible for Retiree Life Insurance Coverage.

  • B Health and Life Insurance Coverage Employees who are separated because of a layoff or a reduction in force shall be entitled to the health insurance and life insurance coverage and to the conversion rights provided for in the Em- ployee and Labor Relations Manual.

  • The Employer shall pay the full cost of premiums into the Group Life Insurance Plan to provide sixty thousand dollars ($60,000.00) for Life Insurance Coverage and Accidental Death and dismemberment benefits to age seventy (70) years.

  • Amount of Life Insurance Coverage Eligible employees, at no cost to the employee, shall be enrolled in basic life insurance coverage in an amount equal to $55,000, so long as they remain in active service.

  • If a Plan Member becomes Totally Disabled and qualifies for the Waiver of Premium under the Plan Member’s Life Insurance Coverage, the Insurer will also waive the payment of Dependent Life Insurance premiums for such Plan Member.

  • The Employer shall pay for one hundred percent (100%) of the cost of the Basic Group Life Insurance Coverage.


More Definitions of Life Insurance Coverage

Life Insurance Coverage has the meaning set forth in Section 9(c) hereof and as described in Section 6(b) hereof.
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Life Insurance Coverage has the meaning set forth in Section 9(c) hereof.
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Life Insurance Coverage means the continued coverage to which you will be entitled under the Company's group-term and executive life insurance plans during any Salary Continuation Period in effect for you under this letter agreement.
Sample 1
Life Insurance Coverage life insurance coverage for thirty-six (36) months under the Xxxxxx X. Xxxxxxxxx as of [•] Company Group’s policy in effect on the date of termination in the amount then furnished to Company Group, as applicable, employees at no cost (the amount of which coverage will be reduced by the amount of life insurance coverage furnished to you at no cost by a third party employer); provided, however, that to the extent the Company Group is unable to continue such benefits because of underwriting on the plan term, the Company shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable).
Sample 1
Life Insurance Coverage life insurance coverage for thirty-six (36) months under the Company Group’s policy in effect on the date of termination in the amount then furnished to Company Group, as applicable, employees at no cost (the amount of which coverage will be reduced by the amount of life insurance coverage furnished to you at no cost by a third party employer); provided, however, that to the extent the Company Group is unable to continue such benefits because of underwriting on the plan term, the Company shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable). Xxxxxx X. Xxxxxxxxx as of December 4, 2019 Page 18
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Related to Life Insurance Coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

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

  • Group health insurance coverage means in connection with a group health plan, health insurance

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

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

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

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for

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

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

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • 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;

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • 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.

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

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • insurance period means a contribution period or an equivalent period;

  • Insurance Amount has the meaning set forth in Section 6.12(b).

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

  • 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.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.