Company Paid Life Insurance Coverage Sample Clauses

Company Paid Life Insurance Coverage. If the Senior Officer had Company-paid life insurance coverage at the time of the Senior Officer’s Qualifying Termination, the Company shall continue such coverage during the Senior Officer’s Benefit Continuation Period. The amount of Company-paid life insurance coverage that the Company shall continue for the Senior Officer shall be the amount of Company-paid life insurance coverage that the Senior Officer had at the time of the Senior Officer’s Qualifying Termination, and the Senior Officer shall continue to contribute for such coverage as if he or she had continued as an active employee of the Company. The Senior Officer’s Company-paid life insurance shall end when the Senior Officer becomes employed by a new employer which offers life insurance benefits to its employees. The foregoing shall not apply to any life insurance policies that may be used to fund the Company’s retirement obligations to the Senior Officer, portions of which policies may be transferred to the Senior Officer from time to time in accordance with such written agreements as may be in effect at the time of transfer.
Sample 1
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Company Paid Life Insurance Coverage. Transferred Employees as of the Employment Date shall be eligible for coverage through the Ford Salary Group Life and Accidental Death and Dismemberment Insurance Program effective as of the Employment Date. Transferred Employees shall be required to execute a new beneficiary designation form, as required by Ford's plan administrator. In the event of a death prior to receipt of a new beneficiary designation form, Ford shall use the last beneficiary form of record under the Visteon Group Life Insurance Program.
Sample 1
Company Paid Life Insurance Coverage. Effective as of the Employment Date, Active and Inactive Visteon Employees who are Transferred Employees transferred to ACH shall be eligible for coverage through the Ford salaried employee group life and accidental death and disability plan. Supplemental Employees shall not be eligible for benefits under the Ford salaried employee group life and accidental death and disability plan. Active and Inactive Visteon Employees who are Transferred Employees transferred to ACH shall be required to execute a new beneficiary designation form, as required by Ford’s plan administrator. In the event of a death prior to receipt of a new beneficiary designation form, the last beneficiary form of record under the Visteon group life insurance program shall be used. Visteon shall provide such beneficiary forms upon ACH's request.
Sample 1

Related to Company Paid Life Insurance Coverage

  • 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.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • 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:

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

  • 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."

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Life Insurance Policy In addition to the insurance coverage contemplated by Section 4(e), during the Employment Term the Company shall maintain in effect term life insurance coverage for the Executive with a death benefit of at least Five Hundred Thousand Dollars ($500,000), subject to the Executive's insurability at standard rates and with the beneficiary or beneficiaries, thereof designated by the Executive. Notwithstanding Section 9 of this Agreement, such life insurance policy or policies may be assigned to a trust for the benefit of any beneficiary designated by the Executive.

  • Life Insurance Policies If any Debtor, now or any time hereafter, is the beneficiary of a “key man life insurance policy”, it shall promptly notify the Agent thereof, provide the Agent with a true and correct list of the Persons insured, the name and address of the insurance company providing the coverage, the amount of such insurance and the policy number, and, unless otherwise waived by the Agent in writing, take such actions as Agent may deem necessary or the Agent shall deem reasonably desirable to collaterally assign policy to the Agent for the benefit of the Lenders.

  • Certificate of Insurer – Insurance Coverage Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies.

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