Permanent and Total Disability Life Insurance Benefit Sample Clauses

Permanent and Total Disability Life Insurance Benefit. 50.2.4.1 Employees eligible to retire: Such employee who is permanently and totally disabled shall receive the following life insurance benefit:
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Permanent and Total Disability Life Insurance Benefit. 65.3.4.1 An employee who is eligible to retire and who is permanently and totally disabled shall receive the following Life Insurance benefit: • One hundred dollars ($100) paid up life insurance for each year of service as provided under the Retired Life Insurance Program. • Decreasing term life insurance in the amount of the employee’s Basic Life Insurance less the paid up life insurance described above. Such term life insurance shall decrease by 1/60 of the original value each month until the face value of such insurance reaches zero (5 years). • The permanently and totally disabled employee shall pay no premium during the term of this benefit.
Sample 1
Permanent and Total Disability Life Insurance Benefit 
Sample 1

Related to Permanent and Total Disability Life Insurance Benefit

  • Long Term Disability Benefits A benefit level of seventy percent (70%) of monthly earnings shall apply. Benefits would commence after a waiting period of seventeen (17) weeks, when Short Term Disability Benefits terminate. Terms of the Master Policy with the Insurance Company shall apply. Statement of Intent In order to go on LTD, the person must:

  • Disability If, as a result of the Executive's incapacity due to physical or mental illness, the Executive shall have been absent from his duties with the Company on a full-time basis for six months and within 30 days after written notice of termination is thereafter given by the Company the Executive shall not have returned to the full-time performance of the Executive's duties, the Company may terminate this Agreement for "Disability."

  • Extended Disability Leave a. Due to a medical disability, an employee shall be granted an extended leave of absence without pay (subject to Paragraph d hereof) if any one of the following conditions exists:

Time is Money Join Law Insider Premium to draft better contracts faster.