Sentences with phrase «policy upon termination»

Not exact matches

A district school board may establish policies to provide for a lump - sum payment for accrued vacation leave to an employee of the district school board upon termination of employment or upon retirement, or to the employee's beneficiary if service is terminated by death.

The Company may receive premiums upon the early termination of installment - based policies,

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

When determining as to whether the employee has a right to the bonus upon termination, the wording of the bonus policy or bonus provision in employment contracts must be analyzed carefully.

Or the insured's 65th birthday or upon termination of the policy.

Upon surrendering the policy after the completion of the lock - in period of 5 years, the fund value as on the date of termination is payable.

Also, upon termination of employment, the employee usually does not convert their term life coverage to a permanent life insurance policy, because the premiums are much higher.