Life Insurance Plans. The University shall pay one hundred percent (100%) of the premiums to the appropriate University basic life insurance plan on behalf of participating employees, and participating employees shall pay one hundred percent (100%) of the premiums to the optional life and optional accidental death and dismemberment (AD&D) plans. Premiums shall be paid at the rates of the respective plans for eligible employees, as defined by conditions stated in each plan.
Life Insurance Plans a. Basic
Life Insurance Plans. The Corporation's life, business travel accident, spouse and dependent life, and accidental death and dismemberment insurance plans primarily for Media Information Employees and Arbitron Employees shall provide coverage for all eligible Media Information Employees and Arbitron Employees on and after the Effective Date. If any Media Information Employee is entitled to any continuation or conversion option under any such plan assumed by New Ceridian, the Corporation shall reimburse New Ceridian for any costs it incurs in providing such conversion or continuation after the Effective Date.
Life Insurance Plans. (a) Teacher Life Insurance The premium shall be paid 0% by the Board and 100% by the Teachers. There is a waiver of premium on disability to age 65 years. A conversion option is available upon termination. Basic Coverage: The basic coverage for each teacher shall be either $25,000 or 1, 2, 3, or 4 times the teacher’s salary as selected by the teacher. Participation in the basic coverage shall be a condition of employment.
Life Insurance Plans. Life Insurance Plans, when immediately preceded by “Xxxx-XxXxx,” means (1) the accidental death and dismemberment insurance, business travel accident insurance, dependent life insurance, and group term life insurance components of the Xxxx-XxXxx Health and Protection Plan, (2) the group term life insurance component of the Xxxx-XxXxx Retiree Health and Protection Plan, and (3) the accidental death and dismemberment and group term life insurance components of the Xxxx-XxXxx Pigments (Savannah), Inc. Personal Protection Plan. When immediately preceded by “Tronox,” Life Insurance Plans means the plans, if any, to be established by Tronox pursuant to Section 2.03 that correspond to the Xxxx-XxXxx Life Insurance Plans.
Life Insurance Plans. At Tronox’s request, Xxxx-XxXxx shall use its reasonable best efforts to cause the insurance carrier that provides coverage under the Xxxx-XxXxx Life Insurance Plans to provide coverage for employees and retirees under the Tronox Life Insurance Plans effective Immediately after the Distribution Date on terms that are substantially similar to those provided under the Xxxx-XxXxx Life Insurance Plans.
Life Insurance Plans. Seller currently maintains employee life insurance benefit plans for eligible active employees of GenCorp, including eligible Transferred Salaried Employees (the "Active Employee Life Insurance Plans"). With respect to the Active Employee Life Insurance Plans, the following will apply:
Life Insurance Plans. On the Effective Date, the Corporation shall have in place life, business travel accident, spouse and dependent life, and accidental death and dismemberment insurance plans, affording coverage to all Arbitron Employees who, as of the Effective Time, are eligible for coverage under the corresponding plans assumed by New Ceridian and who are employed by the Corporation or any of its Subsidiaries at the Effective Date . The Corporation shall use reasonable good faith efforts to cause any preexisting condition exclusions and limitations otherwise applicable to such plans to be waived with respect to such Arbitron Employees except to the extent such exclusions and limitations would have been applied under the corresponding New Ceridian plan if the employee had been employed by New Ceridian. If any Arbitron Employee is entitled to any continuation or conversion option under any such plan assumed by New Ceridian, the Corporation shall reimburse New Ceridian for any costs it incurs in providing such conversion or continuation after the Effective Date.
Life Insurance Plans. Coverages under the Core Life Insurance Plan (Basic Life and Life Plus) will end on your last day of employment. You may be converted to an individual policy with CIGNA by completing a Conversion Application within 31 days of your termination date and including the first premium with your application. Contact your Human Resources Generalist, or the Home Office Benefits Department to obtain a Conversion Application (HMRE 0465). If you are participating in the Group Universal Life Plan (GULP) and want to continue coverage, you must contact CIGNA directly at 0-000-000-0000 (Pennsylvania residents call 0-000-000-0000).
Life Insurance Plans. Xx. Xxxxx has (i) an Amended and Restated Life Insurance Endorsement Method Split Dollar Plan Agreement, effective February 7, 2001, with the Bank (the “2001 Agreement”), and (ii) an Amended and Restated Life Insurance Endorsement Method Split Dollar Plan Agreement, effective May 1, 2008, with the Bank. Under both agreements, Origin Bank has agreed to pay the premiums under life insurance policies issued with respect to Xx. Xxxxx, and Xx. Xxxxx and each of his designated beneficiaries will be entitled to a certain portion of the insurance proceeds upon his death. Under the 2001 Agreement, upon a change of control, if Xx. Xxxxx is subsequently terminated without cause, his designated beneficiaries will be entitled to the benefits under the 2001 Agreement as if he had died while employed by the Bank. Xx. Xxxxxx has an Endorsement Split Dollar Life Insurance Agreement, effective July 13, 2018, with the Bank. Under the agreement, upon Xx. Xxxxxx’x death, his designated beneficiary will be entitled to the lesser of (i) the present value of the Retirement Benefit (as defined in “—Executive Salary Continuation Plans”) had he worked until the age of 65 or (ii) the total death proceeds under the insurance policy associated with the agreement after subtracting the greater of (x) the cash surrender value and (y) the aggregate premiums paid by the Bank. If Xx. Xxxxxx is voluntarily or involuntarily terminated, with or without cause, he will no longer be entitled to the benefits under the agreement. Xx. Xxxx has a Life Insurance Endorsement Method Split Dollar Plan Agreement, effective July 23, 2002, as amended, with the Bank. Under the agreement, Origin Bank has agreed to pay the premiums under a life insurance policy issued with respect to Xx. Xxxx and Xx. Xxxx’x designated beneficiaries will be entitled to a certain portion of the insurance proceeds upon his death. Upon a change in control, if Xx. Xxxx is subsequently terminated without cause, his designated beneficiaries will be entitled to the benefits under the agreement as if he had died while employed by the Bank.
