Additional Term Life Insurance a. The Board shall make available to each Member of the Bargaining Unit and each retiring Member of the Bargaining Unit a plan by which additional term life insurance may be purchased by a Member of the Bargaining Unit or a retiring Member of the Bargaining Unit to increase his/her own coverage. Such additional coverage must be in multiples of $1,000.00 and its purchase is subject to the following conditions:
Additional Term Life Insurance. All administrators who have student contact will receive an additional $90,000 Term Life Insurance paid by the Board of Education.
Additional Term Life Insurance a. Each teacher shall have the privilege of having a payroll deduction to purchase additional group coverage under guidelines as related to the Board adopted life insurance plan presently in force.
Additional Term Life Insurance. The Company will purchase and keep in effect (or will reimburse Executive the cost of purchasing and keeping in effect) term life insurance on Executive's life in an amount of not less than $1 million (with the death benefit payable to Executive's designated beneficiary).]
Additional Term Life Insurance. The Company will, during the term of this Agreement, maintain at its expense, term insurance upon the life of Employee in the face amount of $500,000, payable to such beneficiary as Employee shall designate from time to time in writing to the Company and, in the absence of such designation, to his estate. Such insurance shall be in addition to such group term insurance as the Company maintains for the benefit of salaried employees generally of the rank and status of Employee.
Additional Term Life Insurance. In addition to any life insurance provided to Executive under Section 8.1, Company shall commencing on the Effective Date pay the premiums for a period of 120 months on a $3 million term life insurance policy on Executive from a company mutually agreed to by Company and Executive, which policy is to be owned by Executive's designee.
Additional Term Life Insurance. In addition to any life insurance provided to Executive under Section 7.1, Company shall continue to pay the premiums for a period of 62 months on a $3 million term life insurance policy on Executive from a company mutually agreed to by Company and Executive, which policy is to be owned by the Xxxxxxx X. Xxxxxxxx Article VIII Descendants Trust.
