Life Insurance Coverage. If you sign this Agreement and comply with all its terms, you will receive Company-provided term life insurance coverage equal to one year of your base salary in effect as of your Separation Date for a one-year period following your Last Day of Work (the “Extended Coverage Period”). There is no employee-paid monthly premium for this life insurance coverage but you will have imputed income based on this coverage pursuant to tax law to the extent the coverage exceeds $50,000.
Appears in 2 contracts
Sources: Separation Agreement (Pitney Bowes Inc /De/), Separation Agreement (Pitney Bowes Inc /De/)
Life Insurance Coverage. If you sign this Agreement and Agreement, comply with all its terms, and do not revoke the Release, you will receive Company-provided term life insurance coverage equal to one year of your base salary in effect as of your Separation Date Last Day of Employment for a one-year period following your Last Day of Work (the “Extended Coverage Period”)Employment. There is no employee-paid monthly premium for this life insurance coverage but you will have imputed income based on this coverage pursuant to tax law to the extent the coverage exceeds $50,000.
Appears in 1 contract
Sources: Transition Agreement and General Release (Pitney Bowes Inc /De/)
Life Insurance Coverage. If you sign and do not revoke this Agreement Agreement, and comply with all its terms, you will receive Company-provided term life insurance coverage equal to one year of your base salary in effect as of your Separation Date for a one-year period following your Last Day of Work (the “Extended Coverage Period”)Separation Date. There is no employee-paid monthly premium for this life insurance coverage but you will have imputed income based on this coverage pursuant to tax law to the extent the coverage exceeds $50,000.
Appears in 1 contract
Life Insurance Coverage. If you sign this Agreement and comply with all its terms, you will receive Company-provided term life insurance coverage equal to one year of your base salary in effect as of your Separation Date for a one-year period following your Last Day of Work (the “Extended Coverage Period”)Work. There is no employee-paid monthly premium for this life insurance coverage but you will have imputed income based on this coverage pursuant to tax law to the extent the coverage exceeds $50,000.
Appears in 1 contract