ELIP definition

ELIP means the Executive Life Insurance Plan under which life insurance policies were issued to certain eligible executives.
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Examples of ELIP in a sentence

  • The disposition of your life insurance policy or policies (the "Policies") issued under the Corporation's Executive Life Insurance Plan ("ELIP") will be in accordance with the terms and conditions of the ELIP.

  • To the extent that any of your life insurance coverage under the ELIP is insured under the Corporation’s group term life insurance plan, in accordance with the terms and conditions of that insurance coverage you will be eligible to convert this coverage to individual non-term conversion coverage as of your termination date.

  • To the extent that any of your life insurance coverage under the ELIP is insured under the Corporation's group term life insurance plan, in accordance with the terms and conditions of that insurance coverage you will be eligible to convert this coverage to individual non-term conversion coverage as of your termination date.

  • The disposition of your life insurance policy or policies (the “Policies”) issued under the Corporation’s Executive Life Insurance Plan (“ELIP”) will be in accordance with the terms and conditions of the ELIP.

  • Effective on the Coverage Date, Corn shall establish an executive life insurance plan (the "Replacement ELIP") substantially similar to the CPC International Inc.

  • In addition, prior to the Distribution Date, CPC shall pay the 1998 employer-paid premium with respect to Corn Employees covered under the Replacement ELIP.

  • CPC shall terminate participation in the ELIP by those participants who become Corn Employees regardless of whether such a participant consents to the assignment of such Collateral Assignment to Corn.

  • Corn shall allow each ELIP participant who becomes a Corn Employee to participate in the Replacement ELIP; provided, however, that such participation shall be conditioned upon that participant's consent, within a reasonable time period after request for such consent is made, to the assignment to Corn of (i) the Collateral Assignment executed in favor of CPC of the insurance policy owned by the participant and (ii) the Participation Agreement entered into under the ELIP.

  • Residence fees for Inter/Summer, ELIP, Masters, and any other programs, are due by May 1, 2018 (subject to change based on approval).

  • Equipment returns are subject to the ELIP or ELSP/ELSB terms and conditions set forth in the Return Material Policies, which are attached hereto.

Related to ELIP

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Medical cannabis card means the same as that term is defined in Section 26-61a-102.

  • Medical Foods means any nutritional substances in any form that are:

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.