Life Insurance Coverage definition

Life Insurance Coverage means the continued coverage to which you may be entitled under the Company's group-term and executive life insurance plans during any Salary Continuation Period in effect for you under this letter agreement.

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Life Insurance Coverage. Life insurance coverage under CBS’s policy in effect on the Separation Date in the amount then furnished to CBS employees at no cost until June 30, 2020.

Life Insurance Coverage means the continued coverage to which you will be entitled under the Company's group-term and executive life insurance plans during any Salary Continuation Period in effect for you under this letter agreement.

Examples of Life Insurance Coverage in a sentence

If a Grantee is no longer an employee of the Company at the time of death, no longer has any Group Life Insurance Coverage and has not filed a designation of beneficiary with the Company under the Plan, distribution upon such Grantee’s death shall be made to the Grantee’s estate.
If no designation of beneficiary has been made by a Grantee under the Group Life Insurance Coverage or filed with the Company under the Plan, distribution upon such Grantee’s death shall be made in accordance with the provisions of the Group Life Insurance Coverage.
B Health and Life Insurance Coverage Employees who are separated because of a layoff or a reduction in force shall be entitled to the health insurance and life insur- ance coverage and to the conversion rights provided for in the Employee and Labor Relations Manual.
All other employees are not eligible for Retiree Life Insurance Coverage.
Employees who are eligible for Retiree Medical Insurance Coverage in accordance with Section 7.3B, above, are also eligible for Retiree Life Insurance Coverage.
B Health and Life Insurance Coverage Employees who are separated because of a layoff or a reduction in force shall be entitled to the health insurance and life insurance coverage and to the conversion rights provided for in the Em- ployee and Labor Relations Manual.
The Employer shall pay the full cost of premiums into the Group Life Insurance Plan to provide sixty thousand dollars ($60,000.00) for Life Insurance Coverage and Accidental Death and dismemberment benefits to age seventy (70) years.
In the event of the death of the Grantee while the Grantee is no longer an active employee of the Company or a subsidiary of the Company, and at a time while the Grantee no longer has Group Life Insurance Coverage, distribution shall be made to the Grantee’s estate.
Amount of Life Insurance Coverage Eligible employees, at no cost to the employee, shall be enrolled in basic life insurance coverage in an amount equal to $55,000, so long as they remain in active service.
If no designation of beneficiary has been made by the Grantee under the Group Life Insurance Coverage, distribution upon the Grantee’s death shall be made in accordance with the provisions of the Group Life Insurance Coverage.

More Definitions of Life Insurance Coverage

Life Insurance Coverage means group term life insurance coverage maintained for Employees by the Employer under a separate plan, program, insurance policy or contract, which satisfies the requirements of Section 79 of the Code.

Life Insurance Coverage has the meaning set forth in Section 9(c) hereof.

Life Insurance Coverage has the meaning set forth in Section 9(c) hereof and as described in Section 6(b) hereof.

Life Insurance Coverage life insurance coverage for thirty-six (36) months under the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ as of [•] Company Group’s policy in effect on the date of termination in the amount then furnished to Company Group, as applicable, employees at no cost (the amount of which coverage will be reduced by the amount of life insurance coverage furnished to you at no cost by a third party employer); provided, however, that to the extent the Company Group is unable to continue such benefits because of underwriting on the plan term, the Company shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable).

Life Insurance Coverage life insurance coverage for thirty-six (36) months under the Company Group’s policy in effect on the date of termination in the amount then furnished to Company Group, as applicable, employees at no cost (the amount of which coverage will be reduced by the amount of life insurance coverage furnished to you at no cost by a third party employer); provided, however, that to the extent the Company Group is unable to continue such benefits because of underwriting on the plan term, the Company shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable). ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ as of December 4, 2019 Page 18