Common use of Life Insurance Clause in Contracts

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 14 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 70,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 11 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Salary Index

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 50,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 4 contracts

Samples: dam.assets.ohio.gov, dam.assets.ohio.gov, serb.ohio.gov

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 for each full-time teacher. Bargaining Effective with the 2018-2021 contract, bargaining unit members may purchase additional term who begin part-time positions or who begin participating in position sharing will not be eligible for life insurance at benefits through the group rate, in $5,000 increments, up Board. Any bargaining unit member who began a part-time or position sharing role prior to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements the beginning of the insurance carrier. The value of the 2018-2021 contract will remain eligible for $65,000 life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contractand accidental death and dismemberment coverage.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of fifty thousand dollars ($65,000 50,000.00) for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in five thousand dollar ($5,000 5,000.00) increments, up to a maximum of sixty thousand dollars ($60,000 60,000.00) coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of twenty five thousand dollars ($65,000 25,000.00) for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of fifty thousand dollars ($60,000 50,000.00) coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by fifty percent (50% %) at age 65. The specific terms of the policy are contained in the life insurance contractLife Insurance Contract.

Appears in 2 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 75,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 2 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 50,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 50,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements requirement of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, serb.ohio.gov

Life Insurance. The Effective October 1, 2002, the Board shall will provide term life and accidental death and dismemberment coverage in the amount $70,000 of $65,000 for each teacher. Bargaining unit members may purchase additional group term life insurance at for each teacher in the group rate, bargaining unit. This will include double indemnity for accidental death or dismemberment. The carrier will be selected by the Board. Teachers may purchase supplemental term life insurance in increments of $5,000 increments, up 10,000 to a maximum of $60,000 coverage in addition 70,000, subject to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract's enrollment restrictions and rules.

Appears in 2 contracts

Samples: Tentative Agreement, Master Contract

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 60,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 2 contracts

Samples: serb.ohio.gov, dam.assets.ohio.gov

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 17,500 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 2 contracts

Samples: Contract Agreement, Contract Agreement

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Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 70,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.age

Appears in 2 contracts

Samples: Negotiated Agreement, Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 60,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.age

Appears in 2 contracts

Samples: Agreement, Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of fifty thousand dollars ($65,000 50,000) for each full time teacher. Bargaining unit members may purchase additional term life insurance at the group rate, rate in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 2 contracts

Samples: Master Contract, dam.assets.ohio.gov

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 60,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 50,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.age

Appears in 1 contract

Samples: Negotiated Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 70,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 50,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 1 contract

Samples: Contract Agreement

Life Insurance. The Board shall provide term life and accidental death and dismemberment coverage in the amount of $65,000 60,000 for each teacher. Bargaining unit members may purchase additional term life insurance at the group rate, in $5,000 increments, up to a maximum of $60,000 coverage in addition to Board paid coverage. Modifications to this provision may be necessary to comply with requirements requirement of the insurance carrier. The value of the life insurance reduces by 50% at age 65. The specific terms of the policy are contained in the life insurance contract.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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