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C-1 <br />i <br />days after notice of such proposed increase is given to the <br />employees. <br />27.02 The County shall maintain in full force and effect, and pay all premiums <br />for, a life insurance policy on the life of each employee, payable to a <br />beneficiary designated by the respective insured employee. Such life <br />insurance policy shall be based on an amount equal to the employee's <br />annual salary to the nearest high thousand as of the month following the <br />payroll change. <br />27.03 Separation shall be effective as of the date of death. All compensation <br />and benefits due to the employee as of the effective date of separation <br />shall be paid to the beneficiary, surviving spouse, or estate of the <br />employee as determined by law or by executed forms in the employee's <br />personnel folder. <br />