Common use of Life Assurance Clause in Contracts

Life Assurance. We will also provide you with life assurance cover under the Xxxxx & Nephew Stakeholder Group Death in Service Plan (the “Death in Service Plan”). The cover is provided through an insurance company (the “relevant insurer”). The benefit provided on death in service is (subject to the terms of the relevant insurer) 7 x base salary.

Appears in 1 contract

Samples: Employment Agreement (Smith & Nephew PLC)

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Life Assurance. We will also provide you You with life assurance cover under the Xxxxx & Nephew Stakeholder Group Death in Service Plan and an Excepted Life Policy (the "Death in Service Plan"). The cover is provided through an insurance company (the "relevant insurer"). The benefit provided on death in service is (subject to the terms of the relevant insurer) 7 x base salary, of which 4 x will be paid as a lump sum to your dependants and 3 x will be used to purchase a pension for your dependants.

Appears in 1 contract

Samples: Employment Agreement (Smith & Nephew PLC)

Life Assurance. We will also provide you with life assurance cover under the Xxxxx & + Nephew Stakeholder Group Death in Service Plan (the "Death in Service Plan"). The cover is provided through an insurance company (the "relevant insurer"). The benefit provided on death in service is (subject to the terms of the relevant insurer) 7 x base salary.

Appears in 1 contract

Samples: Smith & Nephew PLC

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Life Assurance. We will also provide you with life assurance cover under the Xxxxx & Nephew Stakeholder Group Death in Service Plan (the Death in Service Plan). The cover is provided through an insurance company (the relevant insurer). The benefit provided on death in service is (subject to the terms of the relevant insurer) 7 [7] x base salary.

Appears in 1 contract

Samples: Employment Agreement (Smith & Nephew PLC)

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