Term Insurance. During the Employment Period, the Company shall provide the Executive with a term life insurance policy consistent with the policies of the Company's other members of the Office of the President, providing coverage of $400,000 payable to a beneficiary to be designated by the Executive.
Term Insurance. In addition to the existing life insurance available through the State of New Jersey and all other existing plans the Township shall purchase for the benefit of all members of the Division term insurance in the amount of $20,000.
Term Insurance. The School District shall pay the full premium for a $50,000 term life insurance policy for all Association members; in addition, each administrator shall take an additional $50,000 term life insurance policy from the current life insurance carrier to be paid by payroll deduction; an adjustment in salary covering the amount of the additional premium will be paid for by the district. Each member shall have the right to purchase up to an additional $40,000 of term life insurance under this policy at the member’s own expense. Additionally, dependent term insurance is available as described on Appendix B at the employee’s expense.
Term Insurance. The Board of Education shall provide term life insurance in the amount of $25,000 for full-time employees. Premiums will be paid by the Board.
Term Insurance. During the Term, the Company will pay the full premium cost of certain term life insurance policies issued on the life of Executive and referred to on Exhibit B attached hereto, in the annual amount of approximately $45,000.00. Executive will be responsible for the tax liability imposed on him as a result of such payment.
Term Insurance. If this rider is in force as Child Paid-Up Term Insurance, you may surrender the Child Paid-Up Term Insurance for, its accumulated value by giving Written Notice while the Child is living. The surrender will be effective on the date the notice is signed. The accumulated value is the net single premium for the Child Paid- Up Term Insurance. Values are not less than the minimum values required by law. Information on applicable accumulated values will be furnished upon request. If we receive Written Notice to surrender the Child Paid-Up Term Insurance within 30 days after a Rider Anniversary, the accumulated value will not be less than it was on that anniversary. 10.
Term Insurance. We will provide Term Insurance on the Insured's life during the period while at least one Increase Option is in effect. (Periods during which Increase Options are in effect are specified in Paragraph 4a.) The amount of insurance will be the Option Amount for this rider as shown on page 5-GIO. 6.
Term Insurance. 30.01 The Board shall pay one hundred percent (100%) of the premium for a forty thousand dollar ($40,000) Term Life and Accidental Death and Dismemberment Coverage for each full-time regular employee. The insurance coverage shall be purchased and maintained through a total employee group life rate plan. This proposal is contingent on the premium rate not exceeding more than forty cents (40¢) per employee, per month, per one thousand dollars ($1,000) of coverage or the amount of coverage shall be pro-rated. The Board shall be solely responsible for selecting the insurance carrier. Life insurance coverage shall be 65% at 70, 42% at 75, 28% at 80, and 15% at 85.
Term Insurance. The Board shall provide all 52-week employees Group Life Insurance as follows: $35,000 The Board shall provide all employees working less than 52 weeks, Group Life Insurance as follows: Employees working 4 ½ hours/6 routes per day or more: $20,000 Employees working less than 4 ½ hour/6 routes per day: $15,000
Term Insurance. Effective August, the Board will provide a Long Term Disability Insurance Plan and agrees to pay of the premium cost for such plan. At least of the eligible employees must be insured before the plan takes effect.
