PLAN OF INSURANCEInsurance Agreement |
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You are currently viewing: This Insurance Agreement involves
MOTOROLA INC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Insurance Agreement by:
Exhibit 10.25
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Policyholder Name: |
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Motorola, Inc. |
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Policy Number: |
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T5MP-BT-34128 |
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PLAN OF INSURANCE |
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Term of Coverage: |
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January 1, 2002 to January 1, 2005 |
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Aggregate Limit: |
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53,000,000.00 for any one air accident |
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Eligibility: |
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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:
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(a) |
January 1, 1999; or |
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(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:
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(a) |
the date the Insured ceases to be eligible; |
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the date any premium is due and unpaid, subject to the grace period; or |
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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:
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(a) |
beginning on the date the person becomes eligible to be included in the class; and |
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ending on the date the person ceases to be eligible to be included in the class. |
Benefits:
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A. Class |
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Insuring Provision(s) Applicable |
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Benefit Provision(s) Applicable |
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Class 1 |
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5886M Business & Pleasure |
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9023M AD & SL, Paralysis |
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9051M Permanent Total Disability |
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Class 2 |
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5883M 24-Hour Business Travel |
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9023M AD & SL, Paralysis |
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9051M Permanent Total Disability |
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B. |
The amount of benefits for each Benefit Provision shown above is as follows: |
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Class 1 and 2 |
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Accidental Death & Specific Loss Principal Sum Loss Period |
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Rider 9023M $500,000.00 Loss within 365 Days of Injury |
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Class 1 & 2 |
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Rider 9023M |
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Paralysis Benefits Hemiplegia Paraplegia Quadriplegia Loss Period |
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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 |
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Class 1 & 2 |
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Permanent Total Disability Benefit |
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Rider 9051M |
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Benefit Amount |
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100% of Principal Sum |
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