Common use of Life Insurance Plan Clause in Contracts

Life Insurance Plan. The City shall pay one hundred percent (100%) of the premium for a term life insurance policy for each eligible employee which shall be based upon a formula of one times the employee's annual salary rounded up to the nearest thousand dollars up to a maximum City paid coverage of $50,000 (i.e. an employee who earns $40,100 would receive $41,000).

Life Insurance Plan. The City shall pay one hundred percent (100%) of the premium for a term life insurance policy for each eligible employee which shall be based upon a formula of one times in the employee's annual salary rounded up to the nearest thousand dollars up to a maximum City paid coverage amount of $50,000 (i.e. an employee who earns $40,100 would receive $41,000)50,000.

Life Insurance Plan. A. The City shall pay one hundred percent (100%) of the premium for a term life insurance policy in the amount of $50,000 for each eligible employee employee. which shall be based upon a formula of one times the employee's annual salary rounded up to the nearest thousand dollars up to a maximum City paid coverage of $50,000 (i.e. 50,000, i.e., an employee who earns $40,100 20,100.00 would receive $41,000)21,000.00.

Life Insurance Plan. The City shall pay one hundred percent (100%) % of the premium for a term life insurance policy for each eligible employee which shall be based upon a formula of one times the employee's annual salary rounded up to the nearest thousand dollars up to a maximum City paid coverage of $50,000 (i.e. an employee who earns $40,100 would receive $41,000).