Employee Life Insurance Sample Clauses

Employee Life Insurance. The Employer shall insure the life of every employee and long-term nonpermanent in the principal amount of two thousand dollars ($2,000.00).

Employee Life Insurance. 9-2-1-1 The Board shall provide at District expense for each eligible Paraprofessional an employment contract, a group life policy, an accidental death and dismemberment policy and a dependent group life insurance policy. LIFE INSURANCE BENEFIT:

Employee Life Insurance. The District shall provide on a fully paid basis, group term life insurance for each employee in an amount equal to three (3) times the employee's annual salary rounded to the next highest one thousand dollars ($1,000) payable to the employee's legal beneficiary, but in no event shall such insurance be less than five thousand dollars ($5,000) in accordance with the insurance policy between the District and its carrier. Accidental death or dismemberment insurance will be provided in an additional amount equal to the face amount of the life insurance. Upon termination, an employee may elect to exercise conversion privileges as stated in the District’s insurance policy.

Employee Life Insurance. Employee Accidental Death & Dismemberment

Employee Life Insurance. The District shall provide on a fully paid basis group term life insurance for each employee in an amount equal to three times the employee's annual salary rounded to the next highest $1,000 to a maximum of $50,000 as described in the insurance policy provided by the District’s insurance carrier. Accidental death and dismemberment insurance will be provided for an additional amount equal to the face amount of the life insurance. Employees may purchase, at their expense, and at the then current group rate, supplemental term life and accidental dismemberment and disability (AD&D) insurance in an amount equal to the difference between the coverage provided by the District and three times the salary rounded to the next higher $1,000. Employee contributions shall be made by payroll deduction. Upon termination, an employee may elect to exercise conversion privileges as described in the insurance policy provided by the District’s insurance carrier.

Employee Life Insurance. 7-2-1-1 The Board shall provide at District expense for each eligible active full-time ACME employee on employment contract a group life policy, and accidental death and dismemberment policy AND a dependent group life insurance policy.

Employee Life Insurance. As a benefit to full-time employees in this bargaining unit, the City will provide a group life insurance program. The benefits and limitations of the program are to be designed cooperatively by the Employees' Association and insurance carrier. The City will provide up to $25,000 Term Life Insurance with Accidental Death and Dismemberment coverage for each employee at no cost to employee. An amount will be paid by the City for each permanent part-time employee in the competitive service that is proportional to the permanent time base of his/her appointment (e.g., a half-time employee will receive half the amount of a full-time employee). The parties agree to meet and consult within a reasonable period of time before the completion of the current contract between the City and its insurance carrier that provides for Term Life Insurance with Accidental Death and Dismemberment with the purpose of increasing the death benefit amount for employees at no additional cost to the City. The City will attempt to complete this task by soliciting quotes from insurance providers.

Employee Life Insurance. 2126 An employee who is regularly scheduled to work thirty-two (32) hours or more per week, is provided a six thousand dollars ($6,000) group life insurance policy, a six thousand dollars ($6,000) accidental death and dismemberment policy and six thousand dollars ($6,000) Total and Permanently Disabled Benefit paid for by the Employer. This coverage is effective on the sixty-first (61st) day of employment. 2127 All employees may choose to purchase their choice of the following Optional Life Insurance Programs at the employee's cost: 2128 Basic Life Accidental Death and Dismemberment Program 1 $10,000 $10,000 Program 2 $20,000 $10,000 Program 3 $30,000 $10,000 Program 4 $40,000 $10,000 2129 The employee must elect to purchase the Optional Life Insurance at the time of hire. Coverage will be effective on the sixty-first (61st) day of continuous employment. 2130 The employee must be actively at work on the date both the free and optional coverages become effective. If the employee is not actively at work on the sixty-first (61st) day, coverage is deferred until he returns to active employment. 2131 If an employee becomes totally and permanently disabled, up to six thousand dollars ($6,000) of the basic life coverage will be paid out in monthly installments commencing six (6) months from the date the employee last worked due to disability. If an employee has elected an Optional Life Insurance Program up to ten thousand dollars ($10,000) in basic life coverage will be paid out in monthly installments under a total and permanent disability provision. If the employee had elected Program 2, 3 or 4, the remainder of his basic life coverage, not subject to the total and permanent disability provision, would remain in force in accordance with the Duration of Benefits schedule or until the employee returns to work or is no longer disabled. 2132 Except for coverages continued under total and permanent disability provisions, all coverages which apply to active employees cease upon retirement or other termination of employment, subject to the provisions of conversion to individual policies. 2133 Part-time Employees Life Insurance 2134 Part-time employees will be provided with Employer-paid life insurance of one thousand dollars ($1,000) and accidental death and dismemberment coverage of one thousand dollars ($1,000). This coverage is effective on the sixty-first (61st) day of employment.

Employee Life Insurance. The Employer shall insure the life of every employee and long-term nonpermanent in the principal amount of ten thousand dollars ($10,000.00)

Employee Life Insurance. 1X the employee’s regular annual earnings (rounded to the greatest $1000) • $25,000 spousal coverage • $5,000 coverage for each eligible dependent child • Remains unchanged and terminates at age 70.