Common use of Term Life and Accidental Death and Dismemberment Insurance Clause in Contracts

Term Life and Accidental Death and Dismemberment Insurance. The Board shall provide each professional employee who works half-time or more, term life insurance in the amount of one and one-half (1 1/2) times the professional employee's annual salary rounded to the next thousand dollars as well as benefits for accidental death and dismemberment. Except for new hires, coverage shall be adjusted once each year to become effective on November 1 based on the sum of all contracts as of October 15 of each year.

Term Life and Accidental Death and Dismemberment Insurance. ‌ The Board shall provide each professional employee who works half-time or more, term life insurance in the amount of one and one-half (1 1/2) times the professional employee's annual salary rounded to the next thousand dollars as well as benefits for accidental death and dismemberment. Except for new hires, coverage shall be adjusted once each year to become effective on November 1 based on the sum of all contracts as of October 15 of each year.