Basic Life Insurance definition

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by Parent or a subsidiary of Parent equal to 1x "base pay" as defined under the life insurance plan in which the Eligible Employee participates, as it may be amended from time to time.

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Basic Life Insurance means the amount of life insurance that the Department provides at no charge to an employee or officer.

Basic Life Insurance means the employee group term life insurance coverage in effect for a Covered Employee on the date he/she incurs a Separation From Service as follows:

Examples of Basic Life Insurance in a sentence

• The conversion option shall be as stated in Article 65.2(c) (Basic Life Insurance).

• The Basic Life Insurance benefit and Accidental Death and Dismemberment benefit for bargaining unit employees shall be $40,000.

• Included are Basic Life Insurance coverage and Accidental Death and Dismemberment (AD&D) coverage.

• The Company shall use its reasonable best efforts to effect the transfer of the ownership to the Executive of the policy or policies for the Basic Life Insurance and the Optional Life Insurance, if any, upon the termination of the Executive's employment by the Company.

• The conversion option shall be as stated in Article 37.2(c) (Basic Life Insurance).

• A $50,000 Basic Life Insurance Plan (plus Accidental Death and Dismemberment Plan) paying on the death of an employee under age 65, from any cause authorized by the plan provider, the amount of $50,000 to the beneficiary named by the employee.

• All employees shall be enrolled in the League sponsored Basic Life Insurance program.

• The Company will pay the full cost of the Basic Life Insurance, Accidental Death and Dismemberment, Short-term Disability and Basic Long Term Disability Plans for eligible employees.

• The Company shall use its reasonable best efforts to make available to the Executive in providing and paying for the Basic Life Insurance the opportunity to purchase at the Executive's sole cost and expense additional life insurance with a basic death benefit (the "Optional Life Insurance") equal to two times the Executive's Base Salary in effect from time to time (affording the Executive the opportunity to have basic death benefit life insurance coverage equal to four times such Base Salary).

• The Employer shall pay 100% of the premium of the State’s Group Basic Life Insurance Policy.

More Definitions of Basic Life Insurance

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by Parent or a subsidiary of Parent

Basic Life Insurance. The Board of Education will provide Administrator with a basic life insurance policy and coverage of $ 5,000.00. Dental Insurance: Administrator shall be offered self-funded dental insurance paid by the Board of Education. The Board reserves the right to select the carrier for the dental fringe benefits. The total premiums for the dental fringe shall be paid by the Board of Education. Vision Insurance: Administrator shall be offered self-funded vision insurance paid by the Board of Education. The Board reserves the right to select the carrier for the vision fringe benefits. The total premiums for the vision fringe shall be paid by the Board of Education.

Basic Life Insurance. 200% of annual basic earnings.

Basic Life Insurance. A term life insurance is provided, paid in full by BMC covering one times your annual salary, effective upon date of hire.

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by the Employer equal to 1.0 x “base pay” as defined under the life insurance plan in which the Eligible Employee participates, as it may be amended from time to time.