Group Survivor Income Benefit Sample Clauses

Group Survivor Income Benefit. In the event that an eligible employee is on the payroll and has been actively at work on or after June 15, 1985, and has completed at least 10 years of continuous service, the “survivor spouse” will receive an income payable monthly. The benefit in the amount of $250 per month will be paid monthly in advance beginning on the first day of the month following the death of the employee. The last payment is due on the first day of the month in which the surviving spouse dies except that:
AutoNDA by SimpleDocs
Group Survivor Income Benefit. In the event of an eligible employee’s death while on the payroll, and having completed at least years of continuous service, the I “survivor spouse” will receive an income payable monthly. The benefit in the amount of per month will be paid monthly in advance beginning on the first day of the month following the death of the employee. The last payment is due on the first day of the month in which the surviving spouse dies except that, in the event of the death of a survivor spouse, there shall be a minimum of years guarantee period following the death of the eligible employee. in the event of the re-marriage of the survivor spouse, the benefit will con- tinue for two years after remarriage. The term survivor spouse shall mean a per- son who, at the time of the covered death, either, is the legal spouse of the employee, or is the common law spouse of the em- ployee who for a period of not less than three years has been living with the employee, has been publicly represented as the employee’s spouse in the com- munity in which the employee resided at the time of death. In the event the survivor spouse is more than years younger than the em- ployee, the benefit payable will be ad- justed to the actuarial equivalent de- termined by the insurance company.
Group Survivor Income Benefit. In the event of an eligible employee's death while on the payroll, and having completed at least years of continuous service,the "survivorspouse"will receive an income payable monthly. The benefit in the amount of per month will be paid monthly in advance beginning on the first day of the month following the death the employee. The last payment is due on the first day of the month in which the surviving spouse dies except that, in event of the death of a survivor spouse, there shall be a minimum of years guarantee period following the death of the eligible employee. in the event of the re-marriage of the survivor spouse, the will con- tinue for two years after remarriage. Definition of Spouse A widow of a deceased male em- or a widower a deceased female employee who was legally married to the employee and was not living separate or apart from the em- ployee at the time of death, and who has survived the employee by four (24) hours; a person of the opposite sex who was not legally married to the employee but has been living with the employee continuously in a conjugal relation- ship for a period of at least three (3) years immediately preceding the employee's death, and who has survived the employeeby twenty-four (24)hours.
Group Survivor Income Benefit. In the event that an eligible employee is on the pay- roll and has been actively at work on or after June and has completed at least years of continu- ous service, the “survivor spouse” will receive an income payable monthly. The benefit in the amount of per month will be paid monthly in advance beginning on the first day of the.month following the death of the employee. The last payment is due on the first day of the month in which the surviving spouse dies except that: in the event of the death of a survivor spouse, there shall be a minimum of years guarantee period fol- lowing the death of the eligible employee. in the event of the remarriage of the survivor spouse, the benefit will continue for two years after remarriage.
Group Survivor Income Benefit. In the event of an eligible employee’s death while on the payroll, and having completed at least years of continuous service, the “survivor will receive an income payable monthly. The benefit in the amount of per month will be paid monthly in advance beginning on the first day of the month following the death of the employee. The last payment is due on the day of the month in which the surviving spouse dies except that, in the event of the death of a survivor spouse, there shall be a minimum of years guarantee period following the death of the eligible employee. in the event of the re-marriage of the survivor spouse, the benefit will continue for two years after remarriage. The term survivor spouse shall mean a person who, at the time of the covered employee’s death, either, is the legal spouse of the employee, or is the common law spouse of the employee who for a period of not less than three years has been living with the employee, has been publicly represented as the employee’s spouse in the community in which the employee resided at the time of death. In the event the survivor spouse is more than years younger than the employee, the benefit payable be adjusted to the actuarial equivalent determined by the insurance company.

Related to Group Survivor Income Benefit

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • 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.

  • Basic Benefit Effective January 1, 2008, the basic life insurance benefit will be increased from $15,000 to $18,000 for employees. This shall be the default level of life insurance coverage, which shall be provided at no cost to the employee.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • 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:

  • Dental Benefit (1) A confirmed staff shall be eligible for reimbursement of expenses incurred for restorative and preventive dental treatment up to $150 per calendar year.

Time is Money Join Law Insider Premium to draft better contracts faster.