Life Scheme definition
Examples of Life Scheme in a sentence
The cover under the Group Life Scheme shall include temporary and permanent disability and trauma insurance.
Should the Executive, as a result of the termination of his employment, not be entitled to retain the benefits and coverage contained in the Group Life Scheme, and he decides to exercise the right to effect whole life or endowment insurance as envisaged in Clause 4 of the Group Life Scheme, all premiums and contributions for such benefits and coverage shall be borne by the Company for a period of 5 (five) years calculated from the date of the termination of this Agreement.
For the purposes of this CLAUSE 10.3 the Group Life Scheme is the Sanlam Scheme No 18740 (Policy No. 18681100X6) or any other similar scheme that is in effect at the date of termination of employment.
For the purposes of this CLAUSE 8.3 the Group Life Scheme is the Sanlam Scheme No 18740 (Policy No. 18681100X6) or any other similar scheme that is in effect at the date of termination of employment.
Should the Executive, as a result of the termination of his employment, not be entitled to retain the benefits and coverage contained in the Group Life Scheme, and he decides to exercise the right to effect whole life or endowment insurance as envisaged in Clause 4 of the Group Life Scheme, all premiums and contributions for such benefits and coverage shall be borne by the Company for a period of 5 (five) years calculated from the date of the termination of his employment.
The Life Scheme is established under irrevocable trust and the Life Scheme and the Pension Scheme comply and have at all times complied with all applicable primary and secondary legislation relative to occupational and 73 73 personal pension schemes including the 1993 Act, the 1995 Act and the Financial Services Act ▇▇▇▇.
All costs, charges and expenses are met from the assets of the Pension Scheme and Life Scheme.
For the purposes of this clause 6.15, the following expressions shall have the following meanings: Abbey Life Scheme means the stakeholder pension scheme operated by Abbey Life insofar as it relates to the Assigned Employees.
There are no encumbrances over any of the assets of the Life Scheme.
The plan is a 6% pension scheme whereby you are entitled to a 3% contribution (of gross annual salary) from the Company into a Standard Life Scheme, when you make a contribution of 3% or more.