Basic Life Sample Clauses

Basic Life. If an employee is not actively at work on the initial effective date of coverage, coverage will be effective on the first day of the employee’s return to work. The effective date of a change in coverage is not delayed in the event that, on the date the coverage change would be effective, an employee is on an unpaid leave of absence or layoff.
Basic Life. 32.9.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the Basic Life plan.
Basic Life. If a supervisor is not actively at work on the initial effective date of coverage, 21 coverage will be effective on the first day of the supervisor’s return to work. The effective
Basic Life. The greater of $46,000 or 1.4 times your base pay (maximum $1,000,000). Benefits from this policy shall be in addition to any other insurance plan. Eligibility is the first day of month following date of hire. BASIC ACCIDENTAL DEATH & DISMEMBERMENT (AD&D): The greater of $46,000 or 1.4 times your base pay (maximum $1,000,000) paid in the event of death resulting from an “accident” as defined by the respective insurance carrier. Benefits from this policy shall be in addition to any other insurance plan. Eligibility is the first day of month following date of hire. BUSINESS TRAVEL ACCIDENT: All employees covered by this Agreement will be covered by an accidental death and dismemberment policy in the amount of $500,000. This policy shall apply only when an employee is traveling on Company business outside their regularly assigned work location. Benefits from this policy shall be in addition to any other insurance plan. Eligibility is the first day of month following date of hire. SUPPLEMENTAL LIFE: The Company will provide a supplemental life insurance program that allows employees desiring such coverage to purchase supplemental life insurance for themselves at group rates. The following options are available: • Employee coverage from .5x to 5x an employee’s base salary (maximum $1,000,000) • Spouse’s coverage from $10,000 to $150,000 in increments of $10,000. However, any employee’s spouse who had an amount of over $150,000 as of NV Energy - IBEW L396 Collective Bargaining Agreement 09/24/2013-08/31/2017 December 31, 2004 will be allowed to continue that amount into the future without charge. • Child (ren) either in the amount of $5,000 or $10,000.
Basic Life. The Employer shall pay one hundred percent (100%) of the monthly premium of the Basic Life plan. The Basic Life Insurance Plan shall provide:
Basic Life. Benefit Formula 1x Salary Termination Age 70 or earlier retirement
Basic Life. The County shall offer a basic term-life insurance plan for an allocated full- time equivalent position of sixty (60) hours or more (0.75 FTE or more) with no employee contribution. The life insurance coverage amount for employees will be in an amount equal to one (1) times their annual base salary. Enrollment in basic life insurance is automatic, based on eligibility. Dependent Life: Each eligible and enrolled employee may purchase, through payroll deduction, dependent coverage of $5,000 for each eligible dependent. Benefit provisions are outlined in the Schedule of Insurance or Group Insurance Policy. Supplemental Life: Eligible employees may purchase additional life insurance for themselves at their own expense upon initial eligibility or during the enrollment periods specified in Section 15.2 (Enrollment in County Offered Health (Medical, Dental, Vision, Life Insurance) Plans). Employees may purchase supplemental coverage in increments of $10,000 not to exceed the maximum of $500,000 which includes the County paid basic term life insurance plan and additional life insurance coverage purchased by the employee, in accordance with the insurance carrier’s policy. Participating employees and the County will be required to follow the insurance company’s contracted requirements with respect to maximum amounts and the necessity for evidence of insurability in order to be eligible to receive the benefit as may be amended from time to time and may be based on actual participation by County employees in the program. An employee enrolled in supplemental coverage who moves from one age bracket to the next higher bracket will have to pay the rate of the higher age bracket beginning the January of the year the employee moves to the higher age bracket.
Basic Life. You for Basic Life Insurance. It is to your basic (averaged over pay periods) rounded up to the next higher Optional Life You may choose up to three additionalunits of Optional Life insurance. Each unit is to your basic annual rounded up to the next higher averaged over pay periods. health is not required to increase insurance a or a

Related to Basic Life

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all employees eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. An employee may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition.

  • Basic Coverages Subd. 1. Faculty