Life Insurance Plan Benefits Sample Clauses

Life Insurance Plan Benefits. Through December 31, 2010, the Company will continue to provide to eligible bargaining unit employees the benefits currently provided to them under the Entergy Corporation Companies‟ Benefits Plus Life Insurance Plan, as described in the “Entergy Benefits Plus Life Insurance Plan Summary Plan Description for Palisades Bargaining Employees and Eligible Retirees, Effective April 11, 2007,” and any applicable Summaries of Material Modifications, as amended from time to time, copies of which are available on the EntergyNet. Effective January 1, 2011, the benefits described in the preceding paragraph will cease and the benefits described in the following paragraphs will apply. Any previous Summary Plan Descriptions, Benefits Handbooks or other benefit description documents will be superseded by the documents described below. Effective January 1, 2011, and through the remaining term of this Agreement, the Company will allow eligible bargaining unit employees to participate in Entergy system benefits under the Entergy Corporation Companies‟ Benefits Plus Life Insurance Plan, as described in the Entergy Corporation Companies‟ Benefits Plus Life Insurance Plan document and in the “Entergy Benefits Plus Life Insurance Plan Summary Plan Description, effective January 1, 2006” (or any superseding SPD), and any applicable Summaries of Material Modifications, as amended from time to time, copies of which are available on the EntergyNet. Entergy system benefits under the Entergy Corporation Companies‟ Benefits Plus Life Insurance Plan include the following coverages: Employee Group-Term Life Insurance – Group-term life insurance coverage in the amount of one (1) times annual base pay provided to eligible employees at the Company‟s expense. An employee may purchase additional group-term life insurance coverage at the employee‟s own expense. Accidental Death & Dismemberment (“AD&D”) Insurance – AD&D insurance coverage in the amount of one (1) times annual base pay provided to eligible employees at the Company‟s expense. An employee may purchase additional AD&D insurance coverage at the employee‟s own expense. Dependent Life Insurance - Access only; eligible employees may purchase this coverage at their own expense. Survivor Income Insurance – Access only; eligible employees may purchase this coverage at their own expense. Occupational Accidental Death & Dismemberment (“OAD&D”) Insurance – $100,000 of OAD&D insurance coverage provided to eligible employees at the Company‟s ...
Sample 1
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Related to Life Insurance Plan Benefits

  • 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.

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

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

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

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