Common use of Term Life Clause in Contracts

Term Life. 2.131 The Board shall pay the premium of a term life policy for all members in the bargaining unit. The face value of each policy shall be $50,000.00, for all members employed as of June 30, 2005 and continuously thereafter. Members are subject to a reduction in the benefit due to restrictions as specified in the Group Life Insurance Benefits Handbook in effect at the time of the benefit claim. 2.14 SEVERANCE PAY 2.141 To be eligible for severance pay the employee must meet all the following requirements:

Term Life. 2.131 a. The Board shall pay the premium of a term life policy for all members in the bargaining unit. The face value of each policy shall be $50,000.00, 50,000.00 for all members employed as of June 30, 2005 and continuously thereafterfull-time staff members. Members are subject to a reduction in the benefit due to restrictions as specified in the Group Life Insurance Benefits Handbook in effect at the time of the benefit claim. 2.14 SEVERANCE PAY 2.141 To be eligible for severance pay the employee must meet all the following requirements:.

Term Life. 2.131 f.1 The Board shall pay the premium of a term life policy for all full-time staff members in the bargaining unit. The face value of each policy shall be $50,000.00, for all members employed as of June 30, 2005 and continuously thereafter. Members are subject to a reduction in the benefit due to restrictions as specified in the Group Life Insurance Benefits Handbook in effect at the time of the benefit claim. 2.14 SEVERANCE PAY 2.141 To be eligible for severance pay the employee must meet all the following requirements:.