Life Insurance and Disability Coverage Sample Clauses

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee to provide $30,000 individual life insurance. Further, each employee will be allowed to purchase through payroll deduction a maximum of $100,000 additional insurance. To be eligible for additional insurance, the employee must qualify under the rules and regulations of the respective carrier, which includes both the provision of medical evidence sufficient to assure insurability, and enrollment in accord with a schedule of rates as provided by the carrier.
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Life Insurance and Disability Coverage. ‌ The City shall provide Life Insurance and Long Term Disability Insurance for members of these Units in the amounts and formulas currently provided. Employees who leave City employment may continue Life Insurance Coverage in accordance with the terms of the insurance carrier if permitted by those terms.
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Life Insurance and Disability Coverage. The Employer will pay the full insurance policy premium for each regular full time employee (as defined in Article lIl) to provide a group insurance package consisting of (1) $30,000 individual life insurance and (2) an individual long term disability program. The individual long term disability coverage will become effective fifteen days after accumulated medically related disability leave, emergency leave, and vacation allowance expire and will provide at a rate of 60% of the employee’s salary at the date of disability. Employee coverage for employees under age 61 for disability due to illness shall in no case extend beyond the age of 65. Employee coverage for those employees under age 61 for disability due to accident shall in no case extend beyond the age of 65. Employee benefit payment period for employees over age 60 for disability due to accident or illness will in no case extend beyond the benefit payment period stated below: Age (at disability) Maximum Benefit Payment Period (following disability qualification period) Age 60 and under Benefit period as described above 61 To age 65, but not less than 3 yrs, 6 mos 62 3 yrs, 6 mos 63 3 yrs 64 2 yrs, 6 mos 65 2 yrs 66 1 yr, 9 mos 67 1 yr, 6 mos 68 1 yr, 3 mos
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Life Insurance and Disability Coverage. Coverage under the Company’s group life plan will continue through the Retirement Date. Executive may purchase conversion coverage at his election. Coverage under the Company’s disability plan will cease as of the Retirement Date.
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Life Insurance and Disability Coverage. The Employer will pay the full insurance policy premium for each regular full time employee (as defined in Article lIl) to provide a group insurance package consisting of (1) $30,000 individual life insurance ($50,000 individual life insurance for security personnel), and (2) an individual long term disability program. The individual long term disability coverage will become effective fifteen days after accumulated medically related disability leave, emergency leave, and vacation allowance expire and will provide at a rate of 60% of the employee’s salary at the date of disability. Employee coverage for employees under age 61 for disability due to illness shall in no case extend beyond the age of 65. Employee coverage for those employees under age 61 for disability due to accident shall in no case extend beyond the age of
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Life Insurance and Disability Coverage. A. The employer agrees to pay the full costs of the premium for each full-time regular employee for the program of life, accident and indemnity insurance in effect at the time of this Agreement, which provides life insurance, accidental death, dismemberment and loss of sight insurance and weekly sickness and accident benefits.
Sample 1
Life Insurance and Disability Coverage. The Employer will pay the full insurance policy premium for each regular full-time employee to provide a group insurance package consisting of (1) $15,000 individual life insurance, and (2) an individual long-term disability program. Employee benefit payment period for disability due to accident or illness will in no case extend beyond the benefit payment period stated below: Age Maximum Benefit Payment Period (at disabilitylfollowing Disability qualification period.) Age 60 and under 61 62 63 64 65 66 67 68 69 Benefit period as described by the carrier To age 65, but not less than 5 years, 6 months 3 years, 6 months 3 years 2 years, 6 months 2 years 1 year, 9 months 1 year, 6 months 1 year, 3 months 1 year This coverage shall become effective on September 1, 1981.
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Life Insurance and Disability Coverage. The Company shall extend to Executive continued coverage under the life insurance plan and long term disability program of the Company through the last day of the Severance Period on the same terms and subject to the same conditions as are applicable to active peer executives.
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Life Insurance and Disability Coverage. You will continue to be covered under the Royale Belge contracts, currently owned and administered by Huls Xxxelux. These contracts will be converted to an individual policy for you, with coverage similar to that provided by Huls Xxxelux, owned by MEMC Electronic Materials, Inc. Premiums for life insurance coverages paid by MEMC on your behalf may be considered wages for purposes of U.S. income tax. Accordingly, this will be reported on your Form W-2. No coverages will be provided to you under the MEMC Life Insurance Plan or MEMC Disability Plan.
Sample 1

Related to Life Insurance and Disability Coverage

  • 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.

  • Long-Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • 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).

  • 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.

  • Disability Insurance The Company shall maintain, at its cost, supplemental renewable long-term disability insurance as agreed to by the Company and the Executive.

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

  • 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.

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

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