Optional Employee Life Insurance Sample Clauses

Optional Employee Life Insurance. Subject to the approval of the insurance carrier, optional life insurance shall be available in units of $25,000 to a maximum of $250,000 provided that the teacher pays 100% of the premium cost.
Sample 1
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Optional Employee Life Insurance and Dependent Life Insur- ance for the employee's spouse and/or eligible child can be purchased by the employee and paid for through payroll deductions.
Sample 1
Optional Employee Life Insurance. 1. Employees have the option of no coverage or may purchase additional 1x through 10x in 1x base pay increments ($5,000,000 maximum coverage, salary up to $500,000) at their own cost, subject to the carrier’s underwriting requirements.
Sample 1
Optional Employee Life Insurance. Subject to the approval of the insurance carrier, optional life insurance shall be available in units of to a maximum of provided that the teacher pays of the premium cost.
Sample 1

Related to Optional Employee Life Insurance

  • 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.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • 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.

  • 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.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • 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."

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

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