Life Benefits Sample Clauses

Life Benefits. A. The Employer agrees that all bargaining unit employees shall be eligible to participate in the State employees’ group life insurance program administered by DAS.
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Life Benefits. A variable annuity contract provides a maturity benefit if the Annuitant is living on the maturity date and the contract is in force at that time. It provides a death benefit if the Annuitant dies before the maturity date while the contract is in force. There are other rights and benefits available under this contract. These "
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Life Benefits. If you die, Credit Life Insurance will pay to the Creditor the outstanding balance on the date of death, up to the Certificate maximum of $10,000. Suicide is excluded.
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Life Benefits. Accidental Death and Dismemberment Benefits are underwritten by Blue Cross Life Insurance Company of Canada and arranged for by Alta. Blue Ltd., a licensed insurance agency. BENEFIT LEVEL A LEVEL B LEVEL C Accidental Death and Dismemberment (AD&D) $15,000 $20,000 $25,000 If, while insured under this benefit, you suffer an accidental death or loss as a result of an accident, we will pay the amount shown in the table of benefits below, based on the coverage level purchased for you subject to the conditions outlined below. To be covered under this benefit, a loss must:
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Life Benefits. A variable annuity contract provides a maturity benefit if the Annuitant is living on the maturity date and the contract is in force at that time. It provides a death benefit if the Annuitant dies before the maturity date while the contract is in force. There are other rights and benefits available under this contract. These "Life Benefits" are discussed in this Part. Contract Ownership Rights Of Owner While the Annuitant is living, the Owner may exercise all rights given by this contract or allowed by us. These rights include assigning this contract, changing Beneficiaries, changing ownership, enjoying all contract benefits and exercising all contract options. The consent of any Irrevocable Beneficiary is needed to exercise any contract right. Assigning This Contract This contract may be assigned. But for any assignment to be binding on us, we must receive a signed copy of it at our Home Office. We will not be responsible for the validity of any assignment. Once we receive a signed copy, the rights of the Owner and the interest of any Beneficiary or any other person will be subject to the assignment. Changing The Owner, The Owner, the Payee or Beneficiary may be changed Payee Or Beneficiary while the Annuitant is living. We do not limit the number of changes that may be made. To make a change, a written request, satisfactory to us, must be received at our Home Office. The change will take effect as of the date the request is signed, even if the Annuitant dies before we receive it. Each change will be subject to any payment we made or other action we took before receiving the request. Transfers Of Values Transfers of values may be made upon written direction received at our Home Office. These transfers are: . Transfers of values between divisions of the Separate Account. These transfers will be made by cancelling all or part of the accumulation units in a division and applying the value of the cancelled units to purchase units in any other division. . Transfers of values from one or more divisions of the Separate Account to the Guaranteed Principal Account. These transfers will be made by cancelling all or part of the accumulation units in a division and applying the value of the cancelled units to the Guaranteed Principal Account. . Transfers of values from the Guaranteed Principal Account to one or more divisions of the Separate Account. These transfers will be made by applying all or part of the value in the Guaranteed Principal Account to purchase accu...
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Related to Life Benefits

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Lifetime Benefits This Letter of Understanding forms an integral part of the collective agreement, and is intended to continue in effect during the term of subsequent collective agreements to the extent provided for herein.

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

  • Pregnancy Leave Benefits Definitions

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Welfare Benefits Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

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