Common use of Cost of Additional Life Insurance Coverage Clause in Contracts

Cost of Additional Life Insurance Coverage. Employees eligible for the basic life insurance coverage described under Subsection 1.a. of this Article, above, who elect additional life insurance coverage, as described in Subsection 1.a., shall pay to the City an amount equal to a cost per thousand, per month, at age banded rates, for each $1,000 of coverage in excess of $55,000. These payments shall be accomplished by periodic deductions from employees' biweekly pay checks. The City shall make all necessary payments for the basic life insurance coverage described in Subsection 1.a. of this Article, above. Employees who have enrolled in additional life insurance coverage may also purchase life insurance for spouses and dependents, at no cost to the City.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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Cost of Additional Life Insurance Coverage. 21 Employees eligible for the basic life insurance coverage described under Subsection 1.a. 1 of 22 this Article, above, who elect additional life insurance coverage, coverage as described in Subsection 1.a.subsection 23 1, shall pay to the City an amount equal to a cost per thousand, per month, at age banded 24 rates, for each $1,000 of coverage in excess of the basic $55,000. These payments shall be 25 accomplished by periodic deductions from employees' biweekly pay checkspaychecks. The City shall 26 make all necessary payments for the basic life insurance coverage described in Subsection 1.a27 1. of this Article, above. Employees who have enrolled in additional life insurance coverage 28 may also purchase life insurance for spouses and dependents, dependents at no cost to the City.

Appears in 2 contracts

Samples: Agreement, Agreement

Cost of Additional Life Insurance Coverage. 18 Employees eligible for the basic life insurance coverage described under Subsection 1.a. 1 of 19 this Article, above, who elect additional life insurance coverage, coverage as described in Subsection 1.a.subsection 20 1, shall pay to the City an amount equal to a cost per thousand, per month, at age banded 21 rates, for each $1,000 of coverage in excess of the basic $55,000. These payments shall 22 be accomplished by periodic deductions from employees' biweekly pay checkspaychecks. The City 23 shall make all necessary payments for the basic life insurance coverage described in 24 Subsection 1.a1. of this Article, above. Employees who have enrolled in additional life 25 insurance coverage may also purchase life insurance for spouses and dependents, dependents at no cost 26 to the City.

Appears in 2 contracts

Samples: Agreement, Agreement

Cost of Additional Life Insurance Coverage. 12 Employees eligible for the basic life insurance coverage described under Subsection 1.a. 1 of this 13 Article, above, who elect additional life insurance coverage, coverage as described in Subsection 1.a.subsection 1, shall pay 14 to the City an amount equal to a cost per thousand, per month, at age banded rates, for each 15 $1,000 of coverage in excess of the basic $55,000. These payments shall be accomplished by 16 periodic deductions from employees' biweekly pay checkspaychecks. The City shall make all necessary 17 payments for the basic life insurance coverage described in Subsection 1.a1. of this Article, above. 18 Employees who have enrolled in additional life insurance coverage may also purchase life 19 insurance for spouses and dependents, dependents at no cost to the City.

Appears in 1 contract

Samples: Agreement

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Cost of Additional Life Insurance Coverage. 16 Employees eligible for the basic life insurance coverage described under Subsection 1.a. 1 of 17 this Article, above, who elect additional life insurance coverage, coverage as described in Subsection 1.a.subsection 18 1, shall pay to the City an amount equal to a cost per thousand, per month, at age banded 19 rates, for each $1,000 of coverage in excess of the basic $55,000. These payments shall 20 be accomplished by periodic deductions from employees' biweekly pay checkspaychecks. The City 21 shall make all necessary payments for the basic life insurance coverage described in 22 Subsection 1.a1. of this Article, above. Employees who have enrolled in additional life 23 insurance coverage may also purchase life insurance for spouses and dependents, dependents at no cost 24 to the City.

Appears in 1 contract

Samples: Agreement

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