Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.
Life Insurance Coverage. The Employer agrees to pay the full premium of a term life insurance plan for each employee while employed to the face value of $50,000.00 per individual with a double indemnity provision for accidental death or line of duty death benefits of $100,000.00.
Life Insurance Coverage. The District shall provide term life insurance in the amount of $50,000 for all bargaining unit members who are categorized as contract or regular or temporary contract, half-time or greater, on the annual salary schedule.
Life Insurance Coverage. Corporation will provide to Employee group term life insurance in a face amount equal to three times the Employee’s salary. Changes in life insurance coverage will occur at the same time Employee’s salary is changed pursuant to Section 2.01 hereof.
Life Insurance Coverage. Section 1 - Active employees Bargaining unit employees are eligible for $45,000 term life insurance policy on the first day of the month immediately following the completion of 520 hours of straight time employment. Effective October 1, 2005, the $45,000 term life insurance policy will be increased to $50,000.
Life Insurance Coverage i) Two hundred thousand ($200,000) dollar life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section.
Life Insurance Coverage. You will be entitled to Life Insurance Coverage through your continued participation in the Company's group term and executive life insurance plans following your Involuntary Termination, and the Company will pay the entire premium charged for such continued Life Insurance Coverage. Such Company-paid coverage will continue until the earlier of (i) the expiration of your Salary ------- Continuation Period or (ii) the first date on which you are provided with comparable coverage under another employer's life insurance plan. However, you will be responsible for the satisfaction of any income and employment tax liability attributable to your Company-paid Life Insurance Coverage. Your payments and benefits under Paragraphs 2, 3 and 4 of this Part Two will immediately terminate in the event you fail to abide by the restrictive covenants set forth in Part Three of this letter agreement. In addition, those payments and benefits will be subject to the dollar limitation of Part Four of this letter agreement in the event of your Involuntary Termination following a Change in Control.
Life Insurance Coverage. The Buyer agrees that as of a Transferred Employee's Employment Date, the Transferred Employee may elect the Buyer's group term and supplemental life insurance coverage on his or her life without evidence of
Life Insurance Coverage. The Xxxxxx City School District will provide all administrative employees life insurance coverage of $20,000.00. [Age Reduction: Coverage amounts for the employee reduce 35% at age 70, an additional 20% at age 75, an additional 15% at age 80 and a final 10% at age 85.]
