Life and Disability Benefits Sample Clauses

Life and Disability Benefits. Your life and disability insurance benefits, if any, remain in effect only through your Last Day. All other employee benefits not specifically continued by this Agreement also will terminate as of your Last Day.
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Life and Disability Benefits. Basic Life Insurance Proposal Life insurance can increase up to $1,000 a year to a maximum of 100% of the average annual base wage. One- hundred percent of the average annual base wage is currently $57,334. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Locations with a benefit higher than the calculated amount will not be reduced. Any life changes are effective January 1 beginning January 1, 2018. + $1,000 to $43,000 as soon as possible after ratification + TBD effective 1/1/18 to TBD + TBD effective 1/1/19 to TBD + TBD effective 1/1/20 to TBD + TBD effective 1/1/21 to TBD + TBD effective 1/1/22 to TBD + TBD effective 1/1/23 to TBD Voluntary Life Insurance Proposal Effective January 1, 2018, the Company voluntary life benefit will be offered. Employees may choose to purchase, at their sole cost, additional insurance on themselves, their spouse and/or children. Costs are subject to change annually, but will be known during Open Enrollment each year. Short Term Disability Proposal: Short Term Disability can increase up to $10 a year to a maximum of 50% of the weekly average pay. Fifty percent of the weekly average pay is currently $551/26wks. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Any STD changes are effective January 1 beginning January 1, 2018. + $10 to $465/26wks effective as soon as possible after ratification + TBD effective 1/1/18 to TBD + TBD effective 1/1/19 to TBD + TBD effective 1/1/20 to TBD + TBD effective 1/1/21 to TBD + TBD effective 1/1/22 to TBD + TBD effective 1/1/23 to TBD ANCILLARY PROGRAMS Ancillary Programs Proposal: • Effective January 1, 2019, the Company vision plan will be available and employees pay the full cost. Costs are subject to change annually, but will be known during Open Enrollment each year. The plan will be offered in four enrollment tiers. If the vision carrier offers a free discount program for those in our self-funded medical plans, it will be available to employees. • Effective January 1, 2017, employees will be automatically enrolled in the Company employee assistance program at no cost to the employee.
Sample 1
Life and Disability Benefits. Life insurance can increase up to $1,000 a year to a maximum of 100% of the average annual base wage. One-hundred percent of the average annual base wage is currently $34,685. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Locations with a benefit higher than the calculated amount will not be reduced. Any life changes are effective January 1 beginning January 1, 2020.
Sample 1
Life and Disability Benefits. Life Insurance Increases based upon a maximum of 100% of the weighted average base wage using the prior July 1 wage rates. (Master Agreement Formula) $28,500 effective 1/1/16 +$1000 effective 1/1/17 to $29,500 +TBD effective 1/1/18 to TBD +TBD effective 1/1/19 to TBD +TBD effective 1/1/20 to TBD +TBD effective 1/1/21 to TBD +TBD effective 1/1/22 to TBD Accident & Sickness Increases based upon a maximum of 50% of the weighted average weekly base wage using the prior July 1 wage rates. (Master Agreement Formula) $340 effective 1/1/16 +$10 effective 1/1/17 to $350 +TBD effective 1/1/18 to TBD +TBD effective 1/1/19 to TBD +TBD effective 1/1/20 to TBD +TBD effective 1/1/21 to TBD +TBD effective 1/1/22 to TBD
Sample 1
Life and Disability Benefits. Employee shall be entitled to receive all medical, health, life and disability insurance benefits that may, from time to time, be provided by the Company to other officers of the Company of a level of seniority and responsibility similar to that of Employee on a basis no less favorable.
Sample 1
Life and Disability Benefits. The provisions of the Delphi Hourly Life and Disability Program remain the same except that benefits will be based on your new hourly rate of pay. This results in a change in the amount of life insurance, Sickness & Accident (S&A) benefits and Extended Disability Benefits (EDB) for which you are eligible. Additionally, the duration for which S&A and EDB may be paid has been reduced. For those employees currently receiving S&A or EDB the amount of your benefit will change effective October 1, 2007. The duration of benefit available will be adjusted according to the new provisions. You will be notified by the National Benefit Center in the event your benefits will change as result of the provisions of the Supplemental Agreement.
Sample 1
Life and Disability Benefits 
Sample 1
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Related to Life and Disability Benefits

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

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