Optional Group Life Insurance. Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.
Optional Group Life Insurance. (i) In addition to the Basic Group Life Insurance Plan under Article 47.4 (a), a Member may elect insurance in multiples of $25,000 up to a combined maximum (Basic and Optional) of $200,000. The Member shall pay the full premium cost for the amount of the Optional Group Life Insurance through payroll deduction.
Optional Group Life Insurance. Participation in the Optional Group Life Insurance Plan is voluntary upon joining the Basic Group Life Insurance Plan, subject to providing satisfactory evidence of insurability.
Optional Group Life Insurance. If a Teacher is not actively at work on the effective date, Optional Group Life Insurance will commence on the date the Teacher returns to work on a regular basis.
Optional Group Life Insurance. The Employer will provide for regular employees an Optional Group Life Insurance Plan, of which one hundred (100%) percent of the premium cost will be paid by each participating employee.
Optional Group Life Insurance. Employee and Spouse Effective October 2, 2002 the City shall provide for all employees through a contract with an insurer selected by the City, Optional Group Life Insurance up to a maximum of two hundred thousand ($200,000) dollars for the employee and/or two hundred thousand ($200,000) dollars for the employee’s spouse, with evidence of insurability. The employee shall pay one hundred (100%) per cent of the premiums. Effective January 1, 2006 increase this amount to three hundred thousand ($300,000) dollars.
Optional Group Life Insurance. Employee and Spouse
Optional Group Life Insurance. The Company will enter into a contract of Optional Group Life Insurance with an Insurer or Insurers which will afford each seniority employee an opportunity to purchase additional Life Insurance for them self and their dependents, provided however that 30 or more employees participate in the Plan.
Optional Group Life Insurance. 12.04 (b) Effective upon ratification of this Collective Agreement, TCHC shall provide for all employees through a contract with an insurer selected by TCHC, Optional Group Life Insurance up to a maximum of three hundred thousand ($300,000) dollars for the employee and/or three hundred thousand ($300,000) dollars for the employee’s spouse, with evidence of insurability. The employee shall pay one hundred (100%) per cent of the premiums. Effective upon ratification of this Collective Agreement, TCHC shall provide for all employees through a contract with an insurer selected by TCHC, Optional Group Life Insurance up to a maximum of twenty thousand ($20,000) dollars for each child of the employee, with evidence of insurability. The employee shall pay one hundred (100%) per cent of the premiums. Continuation of Group and/or Optional Group Insurance
Optional Group Life Insurance. Members may purchase optional term life insurance in multiples of $25,000.00 to a maximum of $200,000.00, subject to standard underwriting principles. Members may purchase spousal life insurance in multiples of $25,000.00 to a maximum of $150,000.00, subject to standard underwriting principles. Members may purchase life insurance for dependants to a maximum of $10,000.00 per dependant. 100% of the Optional Group Life premiums shall be paid by the Member.
