Common use of Group Insurance Plan Clause in Contracts

Group Insurance Plan. All Employees, active, present and future, shall become eligible for the Group Life Policy of the Company. If you have completed three months or more of service, you will be insured for an amount equal to one and one-half (1 ½) times your basic annual salary. All Employees, active, present and future, shall become eligible for the Group Accidental Death and Dismemberment (AD & D) policy of the Company. Upon completion of three months or more of service, you will be insured for an amount equal to one and one-half (1 ½) times your basic annual salary. The total cost of the above plans will be paid by the Company.

Group Insurance Plan. All Employees, active, present and future, future shall become eligible for the Group Life Policy of the Company. If you have completed three months or more of service, you will be insured for an amount equal to one and one-one half (1 ½) times your basic annual salary. All Employees, active, present and future, future shall become eligible for the Group Accidental Death and Dismemberment (AD & D) policy of the Company. Upon completion of three months or more of service, you will be insured for an amount equal to one and one-one half (1 ½) times your you basic annual salary. The total cost of the above plans will be paid by the Company.