Common use of Basic Life Insurance Clause in Contracts

Basic Life Insurance. 33.1.1 The Basic Life Insurance Plan shall provide life insurance coverage equal to one hundred percent (100%) of the annual salary of the employee, and such coverage shall not be less than ten thousand dollars ($10,000) for a full-time employee and five thousand dollars ($5,000) for a part-time employee.

Basic Life Insurance. 33.1.1 The Employer shall pay one hundred percent (1 00%) of the monthly premium of the Basic Life Insurance Plan. The Basic Life Insurance Plan shall provide life insurance provide: coverage equal to one hundred percent seventy-five (10075%) of the annual salary of the employee, and such coverage shall not be less than or ten thousand dollars ($10,000) whichever is greater; where an employee is continuously disabled for a full-time employee and five thousand dollars ($5,000) for a part-time employee.period exceeding six