Employer Contribution to Group Life Insurance Program Sample Clauses

Employer Contribution to Group Life Insurance Program. The Employer shall pay one-half (½) the full costs of the premium for a mutually agreed upon Group Life Insurance Plan for all Employees providing a schedule of benefits equivalent to two (2) times an Employee's annual salary. The Glebe Parents' Day Care Centre Inc. shall continue to provide their present coverage, provided they are at least equal to the above clause. In the case of absence for illness or disability, the Employer's contribution will be paid to the above Plan for a maximum of one (1) year from commencement of absence. Thereafter, the Employee may pay the full premiums through the Employer.
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Employer Contribution to Group Life Insurance Program. The Employer shall pay 50% of the premium for a mutually agreed upon Group Life Insurance Plan for all employees, excluding all probationary and temporary employees, providing a schedule of benefits equivalent to one and one-half times an employee's annual salary. The employee shall be entitled to payment of Group Life Insurance during the eighteen (18) months of maternity leave but not during any extension granted by the Employer under this article. This plan is mandatory for permanent employees after six (6) months employment.
Sample 1

Related to Employer Contribution to Group Life Insurance Program

  • State Employee Group Insurance Program (SEGIP) During the life of this Agreement, the Employer agrees to offer a Group Insurance Program that includes health, dental, life, and disability coverages equivalent to existing coverages, subject to the provisions of this Article. All insurance eligible employees will be provided with a Summary Plan Description (SPD) called “Your Employee Benefits”. Such SPD shall be provided no less than biennially and prior to the beginning of the insurance year. New insurance eligible employees shall receive a SPD within thirty (30) days of their date of eligibility.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

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