Occupational Training Expense Sample Clauses

Occupational Training Expense. In the event a Loss of Life resulting from Injury is sustained by an Insured Employee and indemnity for such Loss becomes payable in accordance with the terms of this Employees Accidental Death or Dismemberment Insurance, the Insurer will pay the reasonable and necessary expenses actually incurred, within three (3) years from the date of such Loss, by the Spouse of the Insured Employee who engages in a formal occupational training program in order to become specifically qualified for active employment in an occupation for which he would not otherwise have sufficient qualifications, not to exceed in the aggregate the amount of fifteen thousand dollars ($ 15,000) for all such expenses. Payment will not be made for room, board or other ordinary living, travelling or clothing expenses. In the event the Insured Employee's Spouse satisfies the requirements indicated above, such Spouse will be deemed the Beneficiary with respect to the benefits payable under this provision. The above benefit will only be payable under one (1) of the policies issued to the Policyholder by the Insurer.