Key terms

A list of key terms in the ExxonMobil Life Insurance Program

Accident

A sudden, violent, unexpected, external incident.

Active employment

  • On any of your employer's scheduled work days if you are performing the regular duties of your work on that day either at your employer's place of business or some other location to which you are required to travel for your employer's business; or
  • On any day which is not one of your employer's scheduled work days if you were in active service on the preceding scheduled work day.

Annualized monthly benefit pay

Monthly Benefit Pay for a given month expressed as an annual amount.

Attained age

You attain an age on the first day of the month in which that birthday occurs.

Barred employee

An employee who is covered by a collective bargaining agreement except to the extent participation is provided under such agreement.

Beneficiary

The person or entity that receives benefits when you die. The Program provides a standard list of beneficiaries but you may name another beneficiary if you wish.

Benefit service

Benefit service is defined as, generally, all the time from the first day of employment until you terminate as a regular employee. Excluded are: unauthorized absences; leaves of absence of over 30 days (except military leaves or leave under the Federal Family and Life Leave Act); certain absences from which you do not return; periods when you work as a non-regular employee, as a special-agreement person, in service station, car wash, or car-care center operations, or when you are covered by a contract that requires the company to contribute to a different benefit program, unless a special authorization credits the service.

Child

For purposes of the Program's standard beneficiary designation, your child includes only someone who is your legitimate blood relative or whose relationship with you is established by virtue of legal adoption.

Conversion option

This option allows you to change some of your Basic Life Insurance coverage to an individual policy without evidence of insurability.

Default beneficiary

The order of beneficiaries is:

  • Paying all to your spouse.
  • Dividing equally among your children who either survive you or who die before you leaving children of their own who survive you and, in the case of each child who dies before you leaving children who survive you, subdividing his or her share equally among those children.
  • Dividing equally between your surviving parents.
  • Dividing equally among your brothers and sisters who either survive you or die before you leaving children of their own who survive you and, in the case of each brother or sister who dies before you leaving children who survive you, subdividing his or her share equally among those children.
  • Paying all to your executors or administrators.

The term child means one's son or daughter by legitimate blood relationship or legal adoption. Parent means one's father or mother by legitimate blood relationship or legal adoption. One's brother or sister means another child of either or both parents.

Dependent child

An unmarried person who was born before your death, who is not employed on a regular and full-time basis, not reached the end of the month in which age 24 is attained provided the child is chiefly dependent on the covered person for support and maintenance.

If the child is and remains incapable of self-sustaining employment by reason of mental retardation, physical handicap, or mental illness due to psychosis or severe behavioral health disorder, provided the child:

  • Is chiefly dependent upon the covered person for support and maintenance; and
  • Was, or would have been, a dependent child under the Plan immediately prior to the birthday on which such child exceeds age 24; and
  • If unable to sustain self-supporting employment by reason of mental illness, such child is also receiving treatment:
  • In an acute care or residential inpatient facility; or
  • As day treatment, in a group house or in a therapeutic halfway house; or
  • Under the care of a psychiatrist.

Dismemberment

Loss of use or loss by severance of particular body parts.

Eligible employee

Most U.S. dollar-paid employees of Exxon Mobil Corporation and participating affiliates are eligible. Regular employees are eligible on their first day of employment. Leased employees as defined in the Internal Revenue Code, temporary or part-time employees (also called "non-regular employees"), barred employees and special-agreement persons are not eligible to participate. Certain senior executives are not eligible to participate in Basic Life Insurance.

Extended part-time employee

An employee who is classified as a non-regular employee, but who has been designated as an Extended Part-Time employee under his or her employer's employment policies relating to flexible work arrangements.

Evidence of insurability

This is information that must be provided by the participant and approved by the insurance company before certain coverage is effective.

Injury

Bodily injury caused directly and exclusively by a sudden, violent, unexpected, external accident.

Monthly benefit pay

Generally, pay associated with your regular work schedule and rate of pay. Except for SeaRiver fleet employees, regular work schedule and rate of pay do not include temporary job assignments, regardless of how long an employee has filled a temporary job assignment. For SeaRiver fleet employees, the rate of pay is that used for pay purposes as of month end.

This amount will be adjusted as follows:

  1. If you are a regular employee who is not a SeaRiver fleet employee and either (a) classified in your employer’s payroll system as not exempt from the application of the overtime rules under the U.S. Fair Labor Standards Act, or (b) covered under your employer’s First-Line Supervisor program, the value based on your regular work schedule and rate of pay will be increased by 20%.
  2. If you are a non-regular employee, SeaRiver fleet employee or other regular employee not described in paragraph (1) above, your monthly benefit pay is the amount based on your regular work schedule and rate of pay.

Non-regular employee

Temporary or part-time employee of a participating employer who otherwise would be a covered employee but for the fact, as determined by the participating employer, that the person either does not regularly work a full-time schedule or is employed on a temporary basis. Non-regular employees include extended part-time (enhanced non-regular) employees. Non-regular employees do not include employees designated by their employer as part-time regular.

Occupational accidental death

An injury to the body resulting in death of the covered person that is:

  • Caused directly and exclusively by a sudden, violent, unexpected, external accident;
  • Incurred in the course and scope of the covered employee's employment with ExxonMobil; and
  • Compensable under the workers' compensation law applicable to the covered employee, or if no workers' compensation law is applicable, would be compensable under New Jersey workers' compensation law (Delaware workers' compensation law in the case of ocean and inland waterways seamen of SeaRiver Maritime, Inc.) if such law had been applicable.

Regular employee

Full-time employees of Exxon Mobil Corporation or participating affiliates who are not hired on a temporary basis. Regular employees include employees designated by their employer as part-time regular.

Retiree

Generally, a person at least 55 years old who retires as a regular employee with 15 or more years of benefit service and who has not thereafter recommenced employment as a covered employee or a non-regular employee. Retiree status may also be attained by someone who is retired by the company as a regular employee and entitled to long-term disability benefits under the ExxonMobil Disability Plan after 15 or more years of benefit service, regardless of age.

Employees who terminate while non-regular (including extended part-time employees) are not eligible for retiree status regardless of age or service.

Special-agreement person

Generally, a person paid on a commission or commission salary basis other than a person paid while employed by the Marketing department of ExxonMobil; an employee providing service to a non-affiliated organization that pays the person's salary or wages; or an employee working pursuant to an agreement that specifically excludes the person from coverage for benefits.

Spouse; marriage

All references to marriage shall mean a marriage that is legally recognized under the laws of the state or other jurisdiction in which the marriage takes place, consistent with U.S. federal tax law. All references to a spouse or a married person shall refer to individuals who have such a marriage.

Suspended retiree

A person who becomes a retiree due to incapacity within the meaning of the ExxonMobil Disability Plan and who begins long-term disability benefits under that plan, but whose benefits stop because the person is no longer incapacitated. A person remains a suspended retiree until the earlier of the date the person:

  • Reaches age 55, or
  • Begins his or her benefit under the ExxonMobil Pension Plan, at which time, the person is again considered a retiree.