Common use of Basic Life and Accidental Death and Dismemberment Coverage Clause in Contracts

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 faculty members eligible for an Employer Contribution as described in Section C. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accordance with Internal Revenue Service regulations. A faculty member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accordance with Minnesota Management & Budget procedures (also see Appendix F). 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. Faculty Member's Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,001 - $30,000 $30,000 $30,000 $30,001 - $40,000 $40,000 $40,000 $40,001 - $50,000 $50,000 $50,000 $50,001- $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,001 - $80,000 $80,001 - $85,000 $85,001 - $90,000 Over $90,000 $75,000 $80,000 $85,000 $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,000

Basic Life and Accidental Death and Dismemberment Coverage. The 32 Employer agrees to provide and pay for the following term life coverage and accidental death 33 and dismemberment coverage for all faculty members eligible for an Employer Contribution contribution, 34 as described in Section C. 3. Any premium paid by the State in excess of fifty thousand dollars 35 ($50,00050,000.00) coverage is subject to a tax liability in accordance accord with Internal Revenue Service 36 regulations. A faculty member may decline coverage in excess of fifty thousand dollars 37 ($50,00050,000.00) by filing a waiver in accordance accord with Minnesota Management & Budget procedures (also see Appendix F)procedures. 38 The basic life insurance policy will include an accelerated benefits agreement providing for 39 payment of benefits prior to death if the insured has a terminal condition. 41 Faculty Member's ’s Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $ 0 - $20,000 $20,000 30,000 $30,000 $20,001 - $30,000 $30,000 40,000 $30,000 40,000 $30,001 - $40,000 $40,000 50,000 $40,000 50,000 $40,001 - $50,000 $50,000 60,000 $50,000 60,000 $50,001- $55,000 $55,000 $55,000 $55,001 50,001 - $60,000 $60,000 70,000 $70,000 Over $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,001 - $80,000 $80,001 - $85,000 $85,001 - $90,000 Over $90,000 $75,000 $80,000 $85,000 $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,00075,000

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 faculty members eligible for an Employer Contribution as described in Section C. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accordance with Internal Revenue Service regulations. A faculty member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accordance with Minnesota Management & Budget procedures (also see Appendix F). 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. Faculty Member's Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,001 - $30,000 $30,000 $30,000 $30,001 - $40,000 $40,000 $40,000 $40,001 - $50,000 $50,000 $50,000 $50,001- $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 70,001-$75,000 $75,001 - $80,000 $80,001 - $85,000 $85,001 - $90,000 Over $90,000 $75,000 $80,000 $85,000 $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,000

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 faculty members eligible for an Employer Contribution as described in Section C. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accordance with Internal Revenue Service regulations. A faculty member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accordance with Minnesota Management & Budget procedures (also see Appendix F). 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. Faculty Member's Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Annual Base Salary Coverage Principal Sum $20,000 or less $20,000 $20,000 $20,001 - $30,000 $30,000 $30,000 $30,001 - $40,000 $40,000 $40,000 $40,001 - $50,000 $50,000 $50,000 $50,001- $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - 70,001-$75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 Over $90,000 $75,000 $80,000 $85,000 90,000 Over $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,000

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 faculty members eligible for an Employer Contribution as described in Section C. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accordance with Internal Revenue Service regulations. A faculty member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accordance with Minnesota Management & Budget procedures (also see Appendix F). 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. Faculty Member's Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,001 - $30,000 $30,000 $30,000 $30,001 - $40,000 $40,000 $40,000 $40,001 - $50,000 $50,000 $50,000 $50,001- $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $75,000 $80,000 $85,000 $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,000

Basic Life and Accidental Death and Dismemberment Coverage. The 30 Employer agrees to provide and pay for the following term life coverage and accidental death 31 and dismemberment coverage for all faculty members eligible for an Employer Contribution contribution, 32 as described in Section C. 3. Any premium paid by the State in excess of fifty thousand dollars 33 ($50,000) coverage is subject to a tax liability in accordance accord with Internal Revenue Service 34 regulations. A faculty member may decline coverage in excess of fifty thousand dollars 35 ($50,000) by filing a waiver in accordance accord with Minnesota Management & Budget procedures (also see Appendix F)procedures. 36 The basic life insurance policy will include an accelerated benefits agreement providing for 37 payment of benefits prior to death if the insured has a terminal condition. 39 Faculty Member's ’s Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $ 0 - $20,000 $20,000 30,000 $30,000 $20,001 - $30,000 $30,000 40,000 $30,000 40,000 $30,001 - $40,000 $40,000 50,000 $40,000 50,000 $40,001 - $50,000 $50,000 60,000 $50,000 60,000 $50,001- $55,000 $55,000 $55,000 $55,001 50,001 - $60,000 $60,000 70,000 $70,000 Over $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,001 - $80,000 $80,001 - $85,000 $85,001 - $90,000 Over $90,000 $75,000 $80,000 $85,000 $90,000 $95,000 $75,000 $80,000 $85,000 $90,000 $95,00075,000