Common use of BASIC LIFE PLAN Clause in Contracts

BASIC LIFE PLAN. 284 The University provides a Basic Employer Life Plan for regular full-time staff. The benefit is payable in the event of death. The benefit is an amount of coverage equal to the Employee's basic annual salary. The maximum benefit is $50,000. The University pays the entire cost of the coverage and no application is necessary. Coverage is automatic and effective the first day of employment.

BASIC LIFE PLAN. 284 283 The University provides a Basic Employer Life Plan for regular full-time staff. The benefit is payable in the event of death. The benefit is an amount of coverage equal to the Employee's basic annual salary. The maximum benefit is $50,000. The University pays the entire cost of the coverage and no application is necessary. Coverage is automatic and effective the first day of employment.