Old Plan Clause Samples

Old Plan. “Old Plan” is defined in Section 6.3(b) of the Agreement.

Old Plan. “Old Plan” is defined in Section 6.3(b) of the Agreement. Out-of-the-Money Company Option. “Out-of-the-Money Company Option” is defined in Section 1.6(b) of the Agreement.

Old Plan. The provisions of this to applies only to full time employees who chose to retain these benefits rather than the benefits outlined Article For eligible employees the present premium rate for the Group Life Insurance Plan is twenty-six cents (26) for for employees with married status. Should the premium increase, the Corporation will maintain the same ratio of contributions to premium rates. The current 24-Hour-Voluntary-Accident Death and Dismemberment Insurance Plan will continue to be made available to eligible employees and they may opt in or out of such coverage on a twice yearly basis (April 1st and October 1st). Insurance Plan will be provided by the Corporation at no cost to all eligible employees at normal retirement age. Employees who retire early (before age 65) at their option, continue to be insured, at the rate of times basic salary with full cost to be borne by the employee. Alternatively, and if eligible, the employee may elect to receive a full paid up policy of The following provisions will apply to all those regular and full-time employees who opted for coverage effective April and will apply to all employees hired after April as a condition of employment. Effective April the Corporation will provide at no cost to each eligible employee "all-risk" Life ▇▇▇▇▇▇▇▇▇.▇▇ the amount or two times the employee's basic annual salary (whichever is greater). Optional insurance coverage (at group rate cost) will be available to each eligible employee. An employee may elect to participate any of the optional portions of the new Group Life insurance programs as described in and under the conditions of the Plan. The following plans are optional and employees may elect to participate: In additional to the basic "all-risk" Life Insurance provided by the Corporation, under Article the employee may purchase an extra one two or three basic annual salary (for a total of up to five times salary) at group rates. Medical evidence of insurability will be required for all the above except for the extra times option. An employee may elect to participate in Life Insurance in the amount of for a spouse and for each child. Common-law relationships will be recognized after one (1) year of and single parents qualify. The premium per family will remain at a flat rate regardless of the number of dependents. Proof of medical insurability will not be required if the employee enrolls within:

Old Plan. The provisions of Section A (Old Plan) apply only to permanent full time employees who chose to retain these benefits rather than the benefits outlined in clause 28.2.