Dependant Life Insurance Sample Clauses

Dependant Life Insurance. Benefit amount – $5,000 spouse; $2,500 each dependant child. • Termination age – employee’s age 70 or retirement, whichever is earlier.
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Dependant Life Insurance. Employees who have family coverage must purchase life insurance for dependants in the amount of five thousand dollars ($5,000.00) on the employee’s spouse and/or twenty-five hundred dollars ($2,500.00) on each dependant child. The employee pays the full premium for this coverage by pre-arranged payroll deductions.
Dependant Life Insurance. A Dependent Life Insurance Plan w i l l be made available to the employee w i t h The Board bearing the total cost of the Premium. The Plan w i l l provide Five Thousand dollars ($5,000.00) coverage for the spouse and Two Thousand Five Hundred Dollars ($2,500.00) for each dependent child.
Dependant Life Insurance. Dependants of insured employees shall be insured as follows: Spouse $2,000.00 Children 14 days to 6 months $ 100.00 6 months to 21 years $1,000.00.
Dependant Life Insurance. This plan is provided through Group Source and the premiums are fully paid by the employer, however, a taxable benefit to the employee. Coverage terminates at the earlier of retirement or age 70. Loss of Spouse: $5,000 Loss of Child: $2,500 Premiums: Coverage Employee Share of Monthly Premium FUCCMS Share of Monthly Premium Taxable Benefit $0.00 $3.05
Dependant Life Insurance. (a) Five thousand ($5,000) for spouse.

Related to Dependant Life Insurance

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Split Dollar Life Insurance The Company shall pay to the Executive a lump sum equal to the cost on the Termination Date of purchasing, at standard independent insurance premium rates, an individual

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

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