Coverage Stipend Clause Samples

A Coverage Stipend clause establishes a fixed payment or allowance provided to an individual or entity to cover specific costs, such as insurance premiums or other designated expenses. Typically, this stipend is paid regularly and is intended to offset the financial burden of maintaining required coverage, such as health insurance for employees or liability insurance for contractors. By specifying a set amount or reimbursement process, the clause ensures that the recipient is supported in meeting coverage obligations, thereby reducing the risk of lapses in required protection and clarifying financial responsibilities between the parties.
Coverage Stipend. Hospital shall pay to Group an amount equal to One Thousand Dollars ($1,000.00) per diem for Coverage Services provided during Practitioner’s regular call schedule pursuant to this Agreement (the “Stipend Compensation”); provided, however, that Hospital shall have no obligation to pay the Stipend Compensation to Group for Coverage Services provided in any given month if Group fails to submit a Monthly Report in accordance with Section 3.2 of this Agreement within sixty (60) days after the end of such month.
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Coverage Stipend. Hospital shall pay to Contractor the amount of Seven Hundred Fifty Dollars ($750) per day for Coverage Services provided pursuant to this Agreement (the “Stipend Compensation”).
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Related to Coverage Stipend

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all employees eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. An employee may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition. $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Coverage Term All insurance required herein shall be maintained in full force and effect until all work or services required to be performed under the terms of this Agreement are satisfactorily performed, completed and formally accepted by the City, unless specified otherwise in this Agreement.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Life Insurance Coverage a) Fifteen thousand ($15,000) dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b) Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c) The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.