SUPPLEMENTARY POLICY BENEFITS Sample Clauses

SUPPLEMENTARY POLICY BENEFITS. Subject to the limitations of Section 4.04 (Voluntary After-Tax Contributions), the Trustee upon the request of any Participant upon whose life a Policy of life insurance is in existence may apply for supplementary agreements to such Policy providing for family income, additional death benefits, reducing or level term insurance benefits, or waiver of premiums or waiver of premiums and monthly income during total and permanent disability in accordance with the rules and practices of the Insurer. The premiums for such benefits shall be paid by the Participant through his Employer to the Trustee who shall pay the premium to the Insurer. The death benefit payable under the supplementary agreement shall be payable to the beneficiary or beneficiaries designated by the Participant through the Trustee and in the manner requested in such designation, subject to the terms of such supplementary agreement and to the rules and practices of the Insurer. The Trustee shall continue to have title and control of all Policies subject to this Plan in the manner provided for herein. If such supplementary agreements shall be entered into, the Trustee and each Participant who requests and receives such supplementary agreement shall enter into a letter agreement generally explaining the rights and duties of said Participant with respect to said supplementary agreement, one copy of which shall be filed with the Trustee, the Participant and the Employer. Any payments made by a Participant under this Section 17.04 or Section 17.01(j) shall be considered as Voluntary After-Tax Contributions and will be subject to the limitations of Section 4.04.
Sample 1
AutoNDA by SimpleDocs

Related to SUPPLEMENTARY POLICY BENEFITS

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Health Benefits Provided that Executive elects continued coverage under federal COBRA law, the Company shall pay the premiums of Executive's group health insurance coverage, including coverage for Executive's eligible dependents, for a maximum period of eighteen (18) months following a Covered Termination; provided, however, that the Company shall pay premiums for Executive's eligible dependents only for coverage for which those eligible dependents were enrolled immediately prior to the Covered Termination. No premium payments will be made following the effective date of Executive's coverage by a health insurance plan of a subsequent employer. For the balance of the period that Executive is entitled to coverage under federal COBRA law, Executive shall be entitled to maintain such coverage at Executive's own expense.

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Company Benefits The Officer shall be entitled to all benefits received by employees of the Company in accordance with the Company’s policies and plans.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Unemployment Benefits The Company will not oppose the Executive’s claim for unemployment insurance benefits.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

Time is Money Join Law Insider Premium to draft better contracts faster.