Basic Life Coverage Sample Clauses

Basic Life Coverage. For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one hundred percent (100%) of the cost.
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Basic Life Coverage. The benefit for Basic Life Coverage for the length of this contract is $25,000. Buy up options: of $20K, $40K, $60K Accidental Death & Dismemberment The benefit for Accidental Death & Dismemberment for the length of this contract is $25,000. Buy up options: of $20K, $40K, $60K Accident & Sickness Benefit The Accident & Sickness Benefit for the length of this contract is $325 per week, up to a maximum of twenty-six (26) weeks. Company Funded Long Term Disability Base plan: 50% on monthly earnings Benefit duration: 5 years, 2 years original occupation Buy up option available Employee Optional Critical Illness Plan Options available for employee, spouse and children Employee Optional Vision Plan
Sample 1
Basic Life Coverage. Basic Option Option 1 and Option 2 1 times your annual basic earnings rounded to the next higher $1,000 2 times your annual basic earnings rounded to the next higher $1,000 $100,000 $100,000 Your benefit will reduce to 50% when you reach age 65 Basic Option Subject to the lock-in period indicated above, you can change your option during the bi- annual enrolment period or within 31 days of a life event change. When you retire or reach age 70, whichever is earlier. Coverage may also end on an earlier date, as specified in General Information. As elected by the employee, units of $10,000 $250,000 Required on all optional amounts You can change your option during the bi-annual enrolment period or within 31 days of a life event change. When you retire or reach age 65, whichever is earlier. Coverage may also end on an earlier date, as specified in General Information.
Sample 1

Related to Basic Life Coverage

  • Cash Flow Coverage The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Public Liability Insurance which will provide indemnity against the insured parties legal liability in the event of accidental death of or injury to third party persons and/or accidental loss of or damage to third party property arising directly from the execution of the contract with a limit of indemnity of R 100 million in respect of all claims arising from any one occurrence or series of occurrences consequent on or attributable to one source or original cause. The policy will be subject to a Deductible of R25 000 for Property Damage claims only but R250 000 where Loss or Damage involves Aircraft.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Comparable Coverage The Bank shall maintain the Policy in full force and effect. The Bank may not amend, terminate, or otherwise abrogate the Executive’s interest in the Policy unless the Bank replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and executes a new split dollar agreement and endorsement for the comparable insurance policy. The Policy or any comparable policy shall be subject to claims of the Bank’s creditors.

  • Coverage i) It is expected that both job sharers will cover each other's incidental illnesses. If, because of unavoidable circumstances, one cannot cover the other, the unit supervisor must be notified to book coverage. Job sharers are not required to cover for their partner in the case of prolonged or extended absences.

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

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