Life Insurance - The Company shall provide a Basic Life Sample Clauses

Life Insurance - The Company shall provide a Basic Life. 5 Insurance Benefit and a Basic Accidental Death and Dismemberment 6 Benefit for regular employees in accordance with the following 7 schedule. The Accidental Death and Dismemberment Benefit shall 8 be on a twenty-four (24) hour non-occupational basis. The premium 9 shall be fully paid by the Company. 11 Basic Life Basic 12 Monthly Earning Insurance AD & D 13 14 Less than 800 $15,000 $15,000 15 800 but less than 1,000 18,000 18,000 16 1,000 but less than 1,250 22,500 22,500 17 1,250 but less than 1,500 30,000 30,000 18 1,500 but less than 1,750 37,500 37,500 19 1,750 but less than 2,000 45,000 45,000 20 2,000 or over 52,500 52,500 22 An employee may, at his option, increase his life insurance coverage 23 by purchasing at group rates, supplemental life and AD&D insurance 24 coverage. He may also purchase life insurance coverage for his 25 spouse and children. 26 27 B. Short Term Disability- Company-paid coverage will be provided 28 in the amount of forty percent (40%) of weekly basic earnings up to a 29 maximum of five hundred dollars ($500.00) per week. The Company 30 shall offer an Optional Short-Term Disability Plan. The cost to the 31 employee of optional short-term coverage will be determined by the 32 Company and this amount may change from year to year. The
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Related to Life Insurance - The Company shall provide a Basic Life

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

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

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

  • 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.

  • 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 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.

  • 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.

  • Additional Life Insurance All eligible employees shall be permitted to purchase term life insurance in addition to the amount provided by the Board in paragraph C. of this Article.

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