Common use of Life Insurance Clause in Contracts

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees officers as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employeeofficer's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees officers as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's officer’s annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's ’s annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to sixty-five percent (65% %) on the date the insured individual reaches age 70 seventy (70) and to fifty percent (50% %) on the date the insured individual reaches age seventy-five (75).

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 70, and the amount will be reduced to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the life insurance coverage for eligible professional employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of the insurance is based on the professional employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,00050,000. The amount will be reduced to 65% 65 percent on the date the insured individual reaches age 70 and the amount will be reduced to 50% 50 percent on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's ’s annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. l. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1l, rounded to the nearest $1,000l,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of life insurance is based on the employee's annual pay rate in effect on the preceding January 1, 1 rounded to the nearest $1,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to sixty-five percent (65% %) on the date the insured individual reaches age 70 seventy (70) and to fifty percent (50% %) on the date the insured individual reaches age seventy-five (75).

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1l, rounded to the nearest $1,000l,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1l, rounded to the nearest $1,000l,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 70, and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. A. The Employer shall continue to assume pay the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. B. The amount of the life insurance is based on coverage shall be equivalent to the employee's annual pay rate in effect on the preceding January 1, rounded to the salary (nearest $1,000, ) as of January 1 each year but not to exceed $40,000. The adjustment to the proper amount will shall be reduced to 65% accomplished effective on the date the insured individual reaches January l of each year. An employee who attains age 70 and while insured will have the amount of his insurance reduced to 50% on effective the date the insured individual reaches he turns age 7570.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding proceeding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 and to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. The Employer shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's ’s annual pay rate in effect on the preceding January 1, rounded to the nearest $1,000, but not to exceed $40,000. The amount will be reduced to 65% on the date the insured individual reaches age 70 70, and the amount will be reduced to 50% on the date the insured individual reaches age 75.

Life Insurance. Section 1. l. The Employer State System shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1l, rounded to the nearest $1,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.

Life Insurance. Section 1. The Employer State System shall continue to assume the entire cost of the insurance coverage for eligible employees as set forth in the currently existing life insurance plan as modified by Section 2. The amount of insurance is based on the employee's annual pay rate in effect on the preceding January 1l, rounded to the nearest $1,000, but not to exceed $40,000. The However, the amount of life insurance coverage will be reduced at age 70 to 65% on the date the insured individual reaches of that coverage amount previously in effect and at age 70 and 75 to 50% on the date the insured individual reaches age 75of that coverage amount previously in effect.