Life Insurance and Disability Insurance. During the Employment Period, the Employer shall provide Executive with life insurance policies and coverage and comprehensive disability insurance coverage of the same type and at the same levels in effect with respect to other senior executive officers of the Employer.
Life Insurance and Disability Insurance. During the Term, the Company and the Employer shall use its reasonable best efforts to provide the Executive with (i) life insurance coverage in an amount of $5 million and (ii) disability insurance coverage in an amount of at least 60 percent the sum of the Executive’s Base Salary and target incentive compensation, in effect from time to time.
Life Insurance and Disability Insurance. Section 1. The County shall provide life insurance coverage for full-time employees with death benefits of not less than Twenty Thousand Dollars ($20,000.00). Such insurance shall include double indemnity Forty Thousand Dollars ($40,000.00) for accidental death on a 24-hour coverage basis.
Life Insurance and Disability Insurance. In addition to other insurance benefits provided to Executive pursuant to this Agreement, the Company will provide Executive, at the Company's cost, life insurance and disability insurance coverage in amounts and at levels agreed upon between the parties. Once these amounts and levels have been determined, this coverage will not be modified or terminated without the signed, written consent of both parties.
Life Insurance and Disability Insurance. If requested by the Company, the Executive shall submit to such physical examinations and otherwise take such actions and execute and deliver such documents as may be reasonably necessary to enable the Company, at its expense and for its own benefit to obtain policies of key man term life insurance, life insurance and/or disability insurance on the life of the Executive. At all times during the Term of Employment, the Company may maintain key man term life insurance, life insurance and/or disability insurance on respectively, the health and life of the Executive, with the Company as beneficiary, in an amount which is not less than the amounts payable under subsection 6(a) hereof. For purposes of this Section 5 only, the Executive's estate shall be deemed a third party beneficiary hereof.
Life Insurance and Disability Insurance. During the Employment Period, the Employer shall provide Executive with life insurance policies and coverage and comprehensive disability insurance coverage of the same type and at the same levels in effect with respect to similarly situated officers of the Employer. Notwithstanding the previous sentence, the benefits to which the Executive is entitled under this Section 3(f) shall not at any time during the Employment Period be decreased below the level of such benefits to which the Executive is entitled on the effective date of this Agreement, unless such decrease results from or is attributable to a decrease in benefits under all of the Employer's life insurance and disability plans which applies generally to all participants in such plans.
Life Insurance and Disability Insurance. Employee Life Insurance ends August 13, 2010. Conversion to an individual policy is available for this plan. If interested in converting, paperwork will be included with your COBRA notice and must be returned before September 13, 2010. Coverage for Short Term and Long Term Disability Insurance, Accidental Death and Dependent Term Life Insurance ends on August 13, 2010. CPI Profit Sharing Plan Upon termination of employment, you may request a distribution from the Plan. If your account balance is $1,000 or more, you are not required to take a distribution until age 70½. Pre-tax (401(k)) contributions, earnings, CPI stock and/or cash from the sale of stock, if any, and dividends are considered taxable income and subject to regular income tax withholding unless rolled into another tax deferred plan. If a direct rollover is not authorized, 20% of the taxable amount will be withheld for taxes. In addition to regular withholding, prior to reaching age 59½, a 10% early withdrawal penalty tax may also be payable on amounts not rolled over. Previously taxed (401(m)) contributions, when withdrawn, are exempt from all taxation. If you have any questions regarding your 401(k) account, please call Xxxxxxx Xxxxxx at 000-000-0000. EXHIBIT B
Life Insurance and Disability Insurance. In addition to insurance provided in Paragraph A of this Article, the Employer shall provide life insurance for the employee in the amount of $10,000, together with a double indemnity plan for accidental death, and a disability income plan, which plan shall pay sixty percent (60%) of an employee's wages up to $3,500 per month after six (6) months of qualifying disability.
Life Insurance and Disability Insurance. Section 1. The Village will provide life insurance in the amount of twenty four thousand dollars ($24,000.00) for each employee at a monthly cost of eight dollars ($8.00) deducted from the salary of each employee.
Life Insurance and Disability Insurance. The County will make available a term life insurance policy to eligible County employees and their dependents. The County will assume 100% of the premium cost for the eligible employee's life insurance coverage. The premium cost for life insurance coverage for dependents shall be borne by the eligible employee. New employees hired after June 1, 1980, will pay their own life insurance after retirement. Disability and additional Life Insurance may be purchased through payroll deduction through Pearl Insurances at 0-000-000-0000. Life Insurance and Disability Insurance are also provided as benefits under the provisions of the N.Y.S. and Local Retirement System. Eligibility for these benefits requires employees to complete certain minimum years of service for coverage in these plans. Employees should review their N.Y.S. Retirement benefits booklet for information on these plans.
