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PLAN OF INSURANCE

Insurance Agreement

PLAN OF INSURANCE You are currently viewing:
This Insurance Agreement involves

MOTOROLA INC

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Title: PLAN OF INSURANCE
Date: 3/12/2004
Industry: COMEQP     Sector: TECHNO

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Plan of Insurance

 

Exhibit 10.25

 

 

 

 

Policyholder Name:

  

Motorola, Inc.

 

 

Policy Number:

  

T5MP-BT-34128

 

PLAN OF INSURANCE

 

 

Term of Coverage:

  

January 1, 2002 to January 1, 2005

 

 

Aggregate Limit:

  

53,000,000.00 for any one air accident

 

 

Eligibility:

  

Class 1: Non-Employee Directors

Class 2: Spouses of Class 1 Insureds

 

Effective Date of Individual Insurance: Each eligible person becomes an Insured on the later of:

 

(a)

January 1, 1999; or

 

(b)

the date the person becomes eligible to be included within a class of persons eligible for coverage under this policy.

 

Individual Terminations: Insurance for any Insured shall end on the first of the following dates:

 

(a)

the date the Insured ceases to be eligible;

 

(b)

the date any premium is due and unpaid, subject to the grace period; or

 

(c)

the date this policy is terminated.

 

Change in Coverage: Each Insured is covered under the Insuring and Benefit Provisions applicable to the class in which he or she qualifies:

 

(a)

beginning on the date the person becomes eligible to be included in the class; and

 

(b)

ending on the date the person ceases to be eligible to be included in the class.

 

Benefits:

 

 

 

 

 

 

A.     Class

  

Insuring Provision(s) Applicable

  

Benefit Provision(s) Applicable

Class 1

  

5886M Business & Pleasure

  

9023M AD & SL, Paralysis

 

  

 

  

9051M Permanent Total Disability

 

 

 

Class 2

  

5883M 24-Hour Business Travel

  

9023M AD & SL, Paralysis

 

  

 

  

9051M Permanent Total Disability

 

B.

The amount of benefits for each Benefit Provision shown above is as follows:

 

 

 

 

Class 1 and 2

  

 

Accidental Death & Specific Loss

Principal Sum

Loss Period

  

Rider 9023M

$500,000.00

Loss within 365 Days of Injury

 

 

Class 1 & 2

  

Rider 9023M

Paralysis Benefits

Hemiplegia

Paraplegia

Quadriplegia

Loss Period

  

50% of Principal Sum

75% of Principal Sum

100% of Principal Sum

Within 60 days after the date of the accident and continuing for one year

 


 

 

 

Class 1 & 2

  

 

Permanent Total Disability Benefit

  

Rider 9051M

Benefit Amount

  

100% of Principal Sum

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