Common use of Supplemental Life Insurance Clause in Contracts

Supplemental Life Insurance. Effective June 1, 2014, voluntary employee supplemental life insurance may be purchased on a pre-tax basis through payroll deductions by the eligible employees in increments of $10,000, not to exceed the lesser of $300K or three times annual base salary. Supplemental Life Insurance is subject to premium costs, eligibly requirements, evidence of insurability, age limitations, coverage exclusions, conversion rights, and all other provisions set forth in the plan document.

Supplemental Life Insurance. Effective June 1, 2014, voluntary employee supplemental life insurance may be purchased on a pre-tax basis through payroll deductions by the eligible employees in increments of ten thousand dollars ($10,000), not to exceed the lesser of three hundred thousand dollars ($300K 300,000) or three (3) times annual base salary. Supplemental Life Insurance is subject to premium costs, eligibly requirements, evidence of insurability, age limitations, coverage exclusions, conversion rights, and all other provisions set forth in the plan document.

Supplemental Life Insurance. Effective June 1, 2014for the 2017 benefit plan year, voluntary employee supplemental life insurance may be purchased on a pre-tax basis through payroll deductions by the eligible employees in increments of $10,000, not to exceed the lesser of $300K 300,000 or three (3) times annual base salary. Supplemental Life Insurance is subject to premium costs, eligibly eligibility requirements, evidence of insurability, age limitations, coverage exclusions, conversion rights, and all other provisions set forth in the plan document.