Group Life Clause Samples
The 'Group Life' clause establishes the provision of life insurance coverage for a defined group of individuals, typically employees of a company or members of an organization. Under this clause, the employer or organization arranges a single policy that covers all eligible members, often providing a specified benefit amount in the event of a member's death. This arrangement streamlines the process of securing life insurance for multiple people and ensures that all covered individuals receive consistent benefits, addressing the need for efficient and uniform life insurance protection within a group setting.
Group Life. (a) The Employer shall provide a mutually acceptable group life plan with benefits equivalent to three times an employee's annual salary, with a minimum of $100,000. The Employee Basic Life Insurance includes provisions for accidental dismemberment, loss of sight, and an advance payment for terminally ill employees as described in Information Appendix 1 –
Group Life. (a) The Employer shall provide a mutually acceptable group life plan with benefits equivalent to twice an employee's annual salary, with a minimum of $65,000. The Employer shall pay 100% of the premium on the base of $65,000 and the employee shall pay the premium for any insurance over the base minimum.
(b) All regular employees of the Institute shall, as a condition of employment, participate in the group life plan referred to in Clause 25.5(a) and shall complete a premium deduction authorization form.
(c) The Group Life Plan includes an Advanced Payment Program for the terminally ill.
Group Life. The Employer agrees to contribute 66 2/3% of the billed premiums towards coverage of eligible full-time nurses in the active employ of the Employer under the Employer’s current Group Life Plan providing that the balance of the monthly premiums are paid by the nurses through payroll deduction.
Group Life. The College shall pay one hundred percent (100%) of the premium costs of a group life insurance policy, which provides for three times annual salary on the death of an employee. Premiums for employees on less than full-time appointments will be shared on a prorated basis. Each full-time employee who has an appointment of four (4) months or longer, or continuing part-time employee with a workload of at least fifty percent (50%), is eligible to participate in the plan. Participation of eligible employees shall be a condition of employment.
Group Life. All Regular Full-Time and Temporary Full-Time Employees who have completed six (6) months of service shall join the group life insurance plan with the following coverage:
(a) Coverage shall be one and one-half (1½) times basic annual salary, which shall be computed to the next higher thousand dollars ($1,000).
(b) Coverage shall be provided until age sixty-five (65) without the payment of premiums in the case of an employee becoming totally and permanently disabled prior to age sixty- five (65).
(c) The Board shall pay seventy-five percent (75%) and the employees shall pay twenty-five percent (25%) of the premiums.
Group Life.
(a) The Employer shall provide a mutually acceptable group life plan with benefits equivalent to three times an employee's annual salary, with a minimum of $80,000. The Employer shall pay 100% of the premium on the base $80,000 and the employee shall pay the premium for any insurance over the base minimum.
(b) Employees shall as a condition of employment, enrol in the Group Life Plan and shall complete the appropriate payroll deduction authorization forms.
(c) The group life plan shall include the following provisions for accidental dismemberment:
(1) loss of both hands or feet - the principal sum;
(2) loss of sight of both eyes - the principal sum;
(3) loss of one hand and one foot - the principal sum;
(4) loss of one hand or one foot and sight of one eye - the principal sum;
(5) loss of one hand or one foot - one half the principal sum;
(6) loss of sight of one eye - one half the principal sum.
(d) The Employer and the Union agree to implement an Advanced Payment Program for the terminally ill under the circumstances described in Information Appendix 1—Advance Payment of Group Life Benefits.
Group Life. (a) The Employer shall provide a mutually acceptable group life plan with benefits equivalent to three times an employee's annual salary, with a minimum of $80,000 for a full-time employee. The Employer shall pay 100% of the premium on the base $80,000 applicable to a full-time employee and the employee shall pay the premium for any insurance over the base minimum. For part-time employees, the $80,000 base coverage shall be prorated with the Employer paying the premium for the prorated base and the employee paying the premium for any insurance over the prorated base. Note: increase the optional spouse and dependant life insurance from $8,000 to $10,000 and from $4,000 to $5,000 respectively.
(b) Employees shall, as a condition of employment, enrol in the Group Life Plan and shall complete the appropriate payroll deduction authorization forms.
(c) The group life plan shall include the following provisions for accidental dismemberment:
(1) loss of both hands or feet - the principal sum;
(2) loss of sight of both eyes - the principal sum;
(3) loss of one hand and one foot - the principal sum;
(4) loss of one hand or one foot and sight of one eye - the principal sum;
(5) loss of one hand or one foot - one-half the principal sum;
(6) loss of sight of one eye - one-half the principal sum.
(d) The Employer and the Union agree to implement an Advanced Payment Program for the terminally ill under the circumstances described in Information Appendix 1 - Advance Payment of Group Life Benefits.
Group Life. 18 Eligibility: Full- and part-time nurses are eligible to receive Hospital-paid life 19 insurance in the amount of $20,000. Coverage is effective on the first of the month 20 following ninety (90) calendar days of full- or part-time employment. For an additional 22 dependent children.
Group Life. The Employer will pay for the first twenty-five thousand dollars ($25,000) coverage under the Group Life Insurance Policy for employees.
Group Life. Effective the first of the month following one (1) month of continuous service, Regular Full-Time Employees and Regular Part-Time Employees who have opted for benefits in accordance with Article 9, Section 6(b), shall be entitled to enroll in the Group Life Insurance Plan which shall include a death benefit of one point five (1.5) times the employee's annual salary, rounded to the nearest one thousand ($1,000) dollars.