Common use of Group Life Insurance Clause in Contracts

Group Life Insurance. (a) Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly basic salary up to a maximum of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company.

Appears in 8 contracts

Samples: Agreement, www.hrreporter.com, iamaw2323.ca

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Group Life Insurance. (a) 19.06.01 The Company will pay the full cost of the Group Life Insurance Plan up to a maximum coverage for employees coming within the scope of the Agreement $100,000.00. The level of coverage will be 30 two (2) times monthly the basic annual salary up to a maximum of $60,000100,000.00. The Company maximum level of paid-up life insurance for retired employees will pay remain at one hundred percent fourth (l00%¼) of the premiums coverage at time of retirement up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.00.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Group Life Insurance. (a) The Employer will pay one hundred percent (100%) of the premium of Group Life Insurance coverage for employees coming within in the scope amount of two (2) times the Agreement will be 30 times monthly basic employee's annual gross salary up to a maximum of $60,000. The Company will pay one three hundred percent (l00%) of the premiums up to a maximum of fifty and twenty-five thousand dollars ($50,000.00)325,000) for each eligible employee. The cost of coverage in excess of fifty thousand dollars ($50,000.00) life insurance benefit payable will be shared 50/50 between based on the employee and employee's annual gross salary at the Companytime of their death.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Group Life Insurance. (a) Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly basic salary up to a maximum of $60,000. The Company Employer will pay one hundred percent (l00100%) of the premiums up Group Life Insurance premium. This Group Life Insurance will provide coverage calculated at 2.35 times annual basic earnings rounded to the next higher $1,000 if not already a maximum multiple of fifty thousand dollars ($50,000.00)1,000. The cost of coverage in excess of fifty thousand dollars (Maximum $50,000.00) will be shared 50/50 between the employee and the Company200,000.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Group Life Insurance. (a) Group Life Insurance 15.01Life insurance coverage for employees coming within the scope of the Agreement an individual employee will be 30 times monthly basic salary up to a maximum of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty seventy-five thousand dollars ($50,000.00)75,000) fully paid by the Company. The cost Each participating employee who is actively at work may elect to be insured for an additional amount of coverage in excess of fifty fifteen thousand dollars ($50,000.0015,000) of term life insurance. An employee, who elects this additional coverage, will be shared 50/50 between required to contribute $4.50 per month. The Company agrees to maintain the contribution level until the termination of this Agreement. Effective September 1, 2017, life insurance coverage for an individual employee and the Companywill increase to eighty thousand dollars ($80,000).

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Group Life Insurance. (a) Group Life Insurance 15.01Life insurance coverage for employees coming within the scope of the Agreement an individual employee will be 30 times monthly basic salary up ninety thousand ($90,000) fully paid by the Company. Each participating employee who is actively at work may elect to a maximum be insured for an additional amount of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty fifteen thousand dollars ($50,000.00)15,000) of term life insurance. An employee, who elects this additional coverage, will be required to contribute $4.50 per month. The cost Company agrees to maintain the contribution level until the termination of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Companythis Agreement.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Group Life Insurance. (a) 19.07.01 The Company will pay the full cost of the Group Life Insurance Plan up to a maximum coverage for employees coming within the scope of the Agreement $70,000.00. Coverage in excess of $70,000.00 will continue to be shared on a 50/50 basis. The level of coverage will be 30 two and one-half (2½) times monthly the basic annual salary up to a maximum of $60,00080,000.00. The Company maximum level of paid-up life insurance for retired employees will pay remain at one hundred percent fourth (l00%¼) of the premiums coverage at time of retirement up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.00.

Appears in 2 contracts

Samples: Collective Agreement, Agreement

Group Life Insurance. (a) The Employer will pay one hundred percent (100%) of the premium of Group Life Insurance coverage for employees coming within in the scope amount of two (2) times the Agreement will be 30 times monthly basic employee's annual gross salary up to a maximum of $60,000. The Company will pay one three hundred percent (l00%) of the premiums up to a maximum of fifty and twenty five thousand dollars ($50,000.00)325,000) for each eligible employee. The cost of coverage in excess of fifty thousand dollars ($50,000.00) life insurance benefit payable will be shared 50/50 between based on the employee and employee's annual gross salary at the Companytime of her death.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Group Life Insurance. (a) 19.04.01 The Company will pay full cost of the Group Life Insurance Plan up to a maximum coverage for employees coming within the scope of the Agreement $70,000.00. Coverage in excess of $70,000.00 will continue to be shared on a 50/50 basis. The level of coverage will be 30 two and one-half (2 1/2) times monthly the basic annual salary up to a maximum of $60,00080,000.00. The Company maximum level of paid-up life insurance for retired employees will pay remain at one hundred percent fourth (l00%1/4) of the premiums coverage at time of retirement up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.00.

Appears in 2 contracts

Samples: Agreement, Agreement

Group Life Insurance. (a) The Company will pay the full cost of the Group Life Insurance premiums up to a maximum coverage for employees coming within the scope of the Agreement $50,000. Coverage in excess of $50,000 will be 30 shared on a 50/50 basis. The level of coverage will be two and one-half times monthly the basic annual salary up to a maximum of $60,000. The Company maximum level of coverage upon retirement will pay one hundred percent (l00%) continue to be one-quarter of the premiums amount of coverage being paid for by the Company up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.

Appears in 2 contracts

Samples: Agreement, Agreement

Group Life Insurance. (a) The Company will pay the full premium cost of the basic Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly basic salary Plan up to a maximum of one (1) times an employee’s earnings, minimum $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company35,000.

Appears in 2 contracts

Samples: Agreement, Agreement

Group Life Insurance. (a) Group Life Insurance The life insurance coverage for employees coming within the scope of the Agreement an individual employee will be 30 times monthly basic salary up sixty-five thousand dollars fully paid by the Company. Each participating employee who is actively at work, may elect to a maximum be insured for an additional amount of $60,000fifteen thousand dollars of term life insurance. An employee who elects this additional coverage, will be required to contribute per month. The Company will pay one hundred percent (l00%) agrees to maintain the contribution level until the termination of this Agreement. Effective October the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) following will be shared 50/50 between the employee and the Company.implemented: Life Insurance for dependents

Appears in 1 contract

Samples: Agreement

Group Life Insurance. (a) 1. All regular, full-time, Bargaining Unit employees shall have Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly with a basic salary up to a maximum benefit level of $60,00050,000. The Company Employees who “retire” under the qualified Retirement plan after 1/1/95 will pay one hundred percent (l00%) receive a life insurance benefit in the amount of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.

Appears in 1 contract

Samples: Agreement (Sierra Pacific Resources /Nv/)

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Group Life Insurance. (a) Group ‌ The Employer will pay 100% of the premium on the schedule of group life insurance presently in effect. Life Insurance coverage for employees coming within the scope of the Agreement will shall be 30 times monthly basic salary up to a maximum of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company30,000.00.

Appears in 1 contract

Samples: Service Employees

Group Life Insurance. (a) 15.02.01 Effective November 1, 2000, the Company will pay the full cost of the Group Life Insurance premiums up to a maximum coverage for employees coming within the scope of the Agreement $80,000. Coverage in excess of $80,000 will be 30 shared on a 50/50 basis. The level of coverage will be two and one-half (2 1/2) times monthly the basic annual salary up to a maximum of $60,000120,000. The Company maximum level of coverage upon retirement will pay one hundred percent be one-quarter (l00%1/4) of the premiums amount of coverage being paid for by the Company up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.

Appears in 1 contract

Samples: Collective Agreement

Group Life Insurance. The Employer will provide group life insurance (adeath benefit) Group Life Insurance coverage of $17,000 for employees coming within the scope full-time employees, subject to a normal 3 month waiting period. The Employer will pay 100% of the Agreement will be 30 times monthly basic salary up to a maximum of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The premium cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Companyassociated with this benefit.

Appears in 1 contract

Samples: Collective Agreement

Group Life Insurance. (a) Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly basic salary up to a maximum of $60,000. The Company Employer will pay one hundred percent (l00100%) of the premiums up Group Life Insurance premium. This Group Life Insurance will provide coverage calculated at 2.35 times annual basic earnings rounded to the next higher $1,000 if not already a maximum multiple of fifty thousand dollars ($50,000.00)1,000. The cost of coverage in excess of fifty thousand dollars (Maximum $50,000.00) will be shared 50/50 between the employee and the Company200,000.

Appears in 1 contract

Samples: Letter of Agreement

Group Life Insurance. (a) 1. All regular, full-time, Bargaining Unit employees shall have Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly with a basic salary up to a maximum benefit level of $60,00050,000. The Company Employees who "retire" under the qualified Retirement plan after 1/1/95 will pay one hundred percent (l00%) receive a life insurance benefit in the amount of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company10,000.

Appears in 1 contract

Samples: Severance Plan Shift Employees (Sierra Pacific Power Co)

Group Life Insurance. (a) The Company will pay the full premium cost of the basic Group Life Insurance coverage for employees coming within the scope of the Agreement will be 30 times monthly basic salary Plan up to a maximum of one (1) times an employee’s earnings, minimum $60,00035,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty thousand dollars ($50,000.00). The cost of coverage in excess of fifty thousand dollars ($50,000.00) will be shared 50/50 between the employee and the Company.l

Appears in 1 contract

Samples: Agreement

Group Life Insurance. (a) The Employer will pay one hundred percent (100%) of the premium of Group Life Insurance coverage for employees coming within in the scope amount of two (2) times the Agreement will be 30 times monthly basic employee's annual gross salary up to a maximum of $60,000. The Company will pay one three hundred percent (l00%) of the premiums up to a maximum of fifty and twenty five thousand dollars ($50,000.00)325,000) for each eligible employee. The cost of coverage in excess of fifty thousand dollars ($50,000.00) life insurance benefit payable will be shared 50/50 between based on the employee and employee's annual gross salary at the Companytime of their death.

Appears in 1 contract

Samples: Collective Agreement

Group Life Insurance. (a) Group Life Insurance coverage for employees coming within equal to two times (2x) the scope Employee’s annual pay; with a minimum of the Agreement will be 30 times monthly basic salary up to a maximum of $60,000. The Company will pay one hundred percent (l00%) of the premiums up to a maximum of fifty seventy-five thousand dollars ($50,000.0075,000). The cost of coverage in excess of fifty thousand dollars providing this benefit shall be eighty per cent ($50,000.0080%) will be shared 50/50 between the employee Employer paid effective January 1, 2002 , eighty per cent (80% Employer paid effective January 1, 2003 and the Company.one hundred per cent (100%) Employer paid effective

Appears in 1 contract

Samples: Collective Agreement

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