Description of Non-Employee Director's Travel Accident Insurance Coverage for Verizon
Verizon offers travel accident insurance to its non-employee directors when they travel on company business. The insurance provides benefits in case of accidental death, dismemberment (including paralysis), and, for directors under 70, permanent total disability. This coverage is designed to protect non-employee directors against serious accidents that may occur while performing their duties for Verizon.
EXHIBIT 10e
Description of Non-Employee Director’s Travel Accident Insurance Coverage
Verizon provides accident protection to non-employee Directors while travelling on Verizon business. Benefits are payable in the event of (1) accidental death and dismemberment, including paralysis, and (2) in the case of insured non-employee Directors under the age of 70, permanent total disability.
