Employee Paid Optional Life Insurance Coverage, Spouse Group Life Insurance and Children Insurance Sample Clauses

Employee Paid Optional Life Insurance Coverage, Spouse Group Life Insurance and Children Insurance. Payroll deduction of premiums for optional life insurance coverage, spouse group life insurance and children insurance under the Visteon plans shall cease the day prior to the Employment Date. Active and Inactive Visteon Employees who are Transferred Employees transferred to ACH shall be eligible for coverage under Ford's salaried employee optional life insurance plan in a corresponding amount as was available under the Visteon plan with coverage to be effective on the Employment Date. Supplemental Employees shall not be eligible for benefits under Ford's salaried employee optional life insurance plan. Active and Inactive Visteon Employees who are Transferred Employees transferred to ACH shall be required to execute a new beneficiary designation form, as required by Ford’s plan administrator, in the case of optional life coverage. In the event of a death prior to receipt of a new beneficiary designation form, the last beneficiary form of record under the Visteon optional life insurance program shall be used. Visteon shall provide such beneficiary forms upon ACH's request.
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Related to Employee Paid Optional Life Insurance Coverage, Spouse Group Life Insurance and Children Insurance

  • Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.

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

  • 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.

  • 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."

  • 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.

  • 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.

  • 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.

  • 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.

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

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