Life Insurance Coverage Options Sample Clauses

Life Insurance Coverage Options. A. The Board of Trustees will provide life insurance for each employee. The insurance shall become effective on the date of hire and terminate at retirement or other termination of employment. Amount of insurance shall be one (1x) times the annual base pay to the nearest thousand.
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Life Insurance Coverage Options. A. The Board of Trustees will provide universal life insurance for each employee of the bargaining unit. The insurance shall become effective on the date of hire and terminate at retirement or other termination of employment. Amount of insurance is one (1x) times the employee’s annual base pay to the nearest thousand.
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Life Insurance Coverage Options a. Active Employee Coverage Plan sponsor must select one of the following choices related to life insurance coverage for active Employees under the Plan: ❑ ❑ Plan sponsor elects not to provide life insurance coverage to its Employees through the Plan. Plan sponsor elects to provide life insurance coverage to its actively-employed Employees through the Plan as specified below. Plan sponsor may elect to provide flat-dollar coverage to Employees or percentage of compensation coverage to Employees, but may not elect to provide both types of coverage. (See page 8.) Please select one amount from Column 1 or 2:
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Life Insurance Coverage Options a. Active Clergy Coverage Plan sponsor must select one of the following choices related to life insurance coverage for active Clergypersons under the Plan: ❑ ❑ Plan sponsor elects not to provide life insurance coverage to its Clergypersons through the Plan. Plan sponsor elects to provide life insurance coverage to its actively-employed Clergypersons through the Plan as specified below. Plan sponsor may elect to provide flat-dollar coverage to Clergypersons or percentage of compensation coverage to Clergypersons, but may not elect to provide both types of coverage. (See page 8.) Please select one amount from Column 1 or 2:
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Related to Life Insurance Coverage Options

  • 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.

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Insurance Cover Without prejudice to the provisions contained in Clause 26.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following:

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of $30,000 for all teachers employed half time or more. Any increases in coverage shall not be effective until the teacher reports or is able to report for work.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

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