COLLECTIVE BARGAINING AGREEMENT Between NEW YORK UNIVERSITY And LOCAL 810 I.B.T
July 1, 2002-June 30, 2007

ARTICLE 21 - GROUP LIFE INSURANCE

A. The Employer shall grant $12,500 of the Employer's group life insurance coverage at the Employer's expense, to all full-time employees covered by this Agreement, upon completion of the three (3) months probationary period of employment. Effective September 1, 2002 the Employer shall grant $20,000.00 of the Employer's group life insurance coverage at the Employer's expense to all full-time employees covered by this Agreement upon the completion of the three months probationary period of employment.

B. Optional additional amounts will be available to full-time employees in $5,000 increments, up to a maximum of $30,000, on a cost-shared basis, with the employee paying two-thirds of the cost and the University paying one-third.

C. New employees have 30 days after completion of the probationary period to enroll without proof of insurability.

D. Employees who choose not to elect voluntary coverage during the initial enrollment period available to them will have to show proof of insurability at a later date.