Life Insurance and Accidental Death and Dismemberment Insurance a. Basic Life insurance and accidental death and dismemberment insurance will be provided in the amount of $100,000 for all full-time administrative management employees without proof of insurability. Such insurance will be subject to the limitations of liability contained in those insurance policies. Benefits are subject to Imputed Income requirements as required by law.
Life Insurance and Accidental Death and Dismemberment Insurance. Effective as of the Closing Date, Buyer shall have in effect group term life insurance, group universal life insurance, accidental death and dismemberment insurance, occupational accidental death insurance, business travel accident insurance and crime protection insurance plans for the benefit of Continued Employees, the cost of which to Continued Employees shall be the same as under, and terms of which are identical in all material respects to, Seller's applicable plans that provide such benefits to Continued Employees immediately prior to the Closing Date.
Life Insurance and Accidental Death and Dismemberment Insurance. The City shall continue to provide each bargaining unit employee with a group term life insurance policy in an amount equal to twice the employee’s gross base annual salary, rounded to the nearest one thousand dollars ($1,000) increment, at no cost to the employee. The City shall also continue providing each bargaining unit employee with an Accidental Death and Dismemberment insurance policy in an amount equal to twice the employee’s gross annual salary, rounded to the nearest one thousand dollars ($1,000) increment, at no cost to the employee.
Life Insurance and Accidental Death and Dismemberment Insurance. 12.1.1.1 Any Employee not electing dependent coverage for the comprehensive hospital and medical-surgical programs will receive group term life insurance in an amount equal to twice his / her annual base salary rounded to the next higher thousand dollars.
Life Insurance and Accidental Death and Dismemberment Insurance. A. The City will provide each member with $75,000 basic life insurance with an additional $75,000 accidental death and dismemberment insurance. The foregoing policy satisfies the City’s obligations pursuant to FSS 112.91.
Life Insurance and Accidental Death and Dismemberment Insurance. Effective January 1, 2017, the insurance coverage will be $95,000.00 for employees actively at work. Employees not actively at work shall only be provided increased insurance coverage upon their return to active employment.
Life Insurance and Accidental Death and Dismemberment Insurance. The City shall provide and pay for the cost of life insurance in an amount equal to twice the employee’s gross annual salary, rounded to the nearest one thousand dollar ($1,000) increment, to a maximum of $200,000. The City shall also provide and pay for Accidental Death and Dismemberment insurance in the amount of Twenty Five Thousand Dollars ($25,000) for each eligible employee.
Life Insurance and Accidental Death and Dismemberment Insurance. Effective January 1, 2010, such employees shall only be entitled to Life Insurance and Accidental Death and Dismemberment in the amount of 1 times (X) Annual Base Salary (Base Hourly Rate X 2080 Hours).
Life Insurance and Accidental Death and Dismemberment Insurance. Each full-time teacher is eligible for basic group term life insurance coverage in an amount equal to one and one-half (1 1/2) times the basic annual salary specified in such teacher's individual contract rounded up to the next higher $1,000, if not already a multiple of $1,000. Example: A teacher whose basic annual salary is $30,000 would be insured for $45,000. Salary for the purpose of life insurance means the compensation provided under Appendix A or Appendix B of this Agreement, as modified by paragraph 4.01(b) if applicable. Teachers required to work duty days in addition to the regular 184/187 day work year, excluding optional duty days served during summer months, will be provided life insurance coverage based on a salary that includes the additional required duty days. Life insurance for teachers who are on an unpaid leave during the duty year will be reduced by the amount of salary reduction incurred by the unpaid leave. Each full-time teacher is eligible for accidental death and dismemberment insurance coverage in whole thousands to an amount equal to three times the whole thousands of basic annual salary specified in such teacher's individual contract. Salary for the purpose of accidental death and dismemberment means the compensation provided under Appendix A or Appendix B of this Agreement, as modified by paragraph 4.01(b) if applicable. The Employer pays the entire premium for such coverage. Each full-time teacher may apply for supplementary group term life insurance coverage in multiples of $10,000 from $10,000 to $300,000. Teachers electing this coverage may also apply for dependent coverage in multiples of $5,000, from $5,000 to $300,000 for the spouse not to exceed the amount of the teacher’s supplemental coverage. Teachers electing supplementary coverage for themselves may also elect dependent life insurance in the amounts of $2,500, $5,000 or $10,000 for each dependent child under age 19. Premiums for all supplementary coverage must be paid by the individual teacher through payroll deduction. Life insurance coverage is reduced by 35% when an employee reaches age 70.
Life Insurance and Accidental Death and Dismemberment Insurance. 1. The Board shall provide without cost to the employee, life insurance protection in the amount of at least $15,000.
