Common Disaster Benefit Sample Clauses

Common Disaster Benefit. If family coverage is elected and an insured employee and insured spouse suffer a loss of life in the same covered accident, or separate covered accidents which occur within forty-eight (48) hours of each other (common disaster), the amount payable by reason of the spouse’s death will equal the amount payable by reason of the insured employee’s death. The common disaster benefit for the insured employee and insured spouse will not exceed $1,000,000. For losses sustained on or after January 1, 2000, the benefit described in (8) and (9) below also shall apply:
Sample 1
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Common Disaster Benefit. Benefit provisions (applicable only to Members with Family Coverage) If a Member has Family Coverage covering his or her Spouse and, as a result of Injuries covered under the Group Policy, the Member and his or her Spouse both die as a result of Injuries sustained in the same accident and within 90 days of such accident, the Principal Sum payable for the death of the Spouse will be increased to equal that payable for the death of the Member.
Sample 1
Common Disaster Benefit. If both the Covered Person and his/her Dependent spouse suffer loss of life within 365 days of a Common Disaster, and are survived by one or more Dependent Children, for which the Accidental Death Benefit is payable under this Policy, the Dependent spouse’s benefit will be increased to equal the Covered Person’s Principal Sum up to the maximum shown on the Schedule of Benefits. “Common Disaster” for purposes of this Common Disaster Benefit only, means the same unintended or unforeseeable event or occurrence which happens suddenly and violently, or separate unintended or unforeseeable events or occurrences which happen suddenly and violently within the same 24-hour period.
Sample 1

Related to Common Disaster Benefit

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Member Benefits The members shall be entitled to the following benefits during the term of this Agreement, save and except as otherwise hereinafter provided:

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Sick Leave to Establish EI Maternity Benefits If the Employee will be able to establish a new EI Maternity Benefit claim in the six weeks immediately following the birth of her child through access to sick leave at 100% of her regular salary, she shall be eligible for up to six weeks leave at 100% of her regular salary without deduction from the sick days or short term disability leave days (remainder of six weeks topped-up as SEB).

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Superior Benefits Employees receiving benefits and/or wages specified in this Agreement, superior to those provided in this Agreement, shall remain at the superior benefit level which was in effect on the effective date of this Agreement, until such time as such superior benefits are surpassed by the benefits and/or wages provided in succeeding agreements. This provision applies only to employees on staff as of the effective date of this Agreement.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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