Common use of Felonious Assault Clause in Contracts

Felonious Assault. Effective December 3, 2020: The Company shall provide all full-time and part-time employees with $100,000 insurance in the event of loss of life resulting from a hold-up or other felonious act occurring during the performance of their job duties. The annual premium cost to the Company shall not exceed $4.80 per covered employee.

Felonious Assault. Effective December 3, 2020: The Company shall provide all full-time and part-time bargaining unit employees with $100,000 insurance in the event of loss of life resulting from a hold-up or other felonious act occurring during the performance of their job duties. The annual premium cost to the Company shall not exceed $4.80 per covered employee.