Single Premium. Eighty percent (80%) of the actual monthly premium for all bargaining unit members who are regularly scheduled to work at least twenty-eight (28) hours per week or hired prior to July 1, 2005 who are regularly scheduled to work at least fifteen (15) hours per week and all bargaining unit members hired on or after July 1, 2005 and prior to July 1, 2010 who are regularly scheduled to work at least twenty (20) hours per week; and fifty percent (50%) of the actual monthly premium for all bargaining unit members hired on or after July 1, 2010 and prior to October 1, 2014 who are regularly scheduled to work between twenty (20) and twenty-seven point ninety-nine (27.99) hours per week.
Single Premium. PAYMENT The minimum premium for a contract is [$25,000.00]. Amounts less than [$25,000.00] may be accepted with prior home office approval. This is a Single Premium Payment Contract; no additional premiums will be accepted.
Single Premium. The single premium covers single employees of the Board.
Single Premium. You purchase this Contract with a Single Premium. You may not make additional premium payments. The Single Premium will be reduced by any applicable Premium Taxes required by federal, state or local authorities. Allocation of Your Single Premium The amount of the Single Premium You allocated to fixed and/or variable Annuity Payments is shown in Section 1, Contract Specifications. The initial allocation of Your premium for variable Annuity Payments to the Subaccounts is also shown in Section 1, Contract Specifications.
Single Premium. If the premium is a single premium, it shall be calculated by multiplying the Single Premium Rate by the Initial Principal Balance of each Covered Loan. The Insured will make its best effort to pay the premium within five (5) days of delivery of the Set-up File, but in all cases it will be paid within ten (10) days of delivery of the Set-up File. In this case, there will be no subsequent premiums.
Single Premium. The Single Premium is due on the Certificate Issue Date. It must be paid at Our Office in United States currency. Coverage under a Certificate does not take effect until We have accepted the Single Premium during a Certificate Owner's lifetime. ALLOCATION OF SINGLE PREMIUM A Certificate Owner's Single Premium is allocated to one of the Accounts in accordance with the selections made by a Certificate Owner at the Certificate Issue Date. Allocation of a Certificate Owner's Single Premium is subject to the terms and conditions imposed by Us. THE CONTRACT The Group Contract, including the application, if any, and any attached rider or endorsement constitute the entire contract between the Group Contract Owner and Us. All statements made by the Group Contract Owner, any Certificate Owner or any Annuitant will be deemed representations and not warranties. No such statement will be used in any contest unless it is contained in the application signed by the Group Contract Owner or in a Certificate Enrollment Form signed by the Certificate Owner, a copy of which has been furnished to the Certificate Owner, the Beneficiary or the Group Contract Owner. Only Our President or Secretary may agree to change any of the terms of the Group Contract or a Certificate. Any changes must be in writing. Any change to the terms of a Certificate must be with a Certificate Owner's consent, unless provided otherwise by the Group Contract and the Certificate. To assure that the Group Contract and the Certificate will maintain their status as an annuity under the Internal Revenue Code, We reserve the right to change the Group Contract and any Certificate issued thereunder to comply with future changes in the Internal Revenue Code, any regulations or rulings issued thereunder, and any requirements otherwise imposed by the Internal Revenue Service. The Group Contract Owner and the affected Certificate Owner will be sent a copy of any such amendment. A Certificate Owner has all rights and may receive all benefits under a Certificate. A Certificate Owner is the person designated as such on the Certificate Issue Date, unless changed. a Certificate Owner may exercise all rights of a Certificate while it is In Force, subject to the rights of (a) any assignee under an assignment filed with Us, and (b) any irrevocably named Beneficiary. JOINT CERTIFICATE OWNER A Certificate can be owned by Joint Certificate Owners. Upon the death of any Certificate Owner or Joint Certificate Owner, the survivin...
Single Premium. The Single Premium is the payment in U.S. currency made by or on behalf of the Owner to the Company to purchase the Contract.
Single Premium. Eighty percent (80%) of the actual monthly premium for all bargaining unit members who are:
Single Premium. Eighty percent (80%) of the actual monthly premium for all bargaining unit members hired prior to July 1, 2005 who are regularly scheduled to work at least fifteen (15) hours per week; eighty percent (80%) of the actual monthly premium for all bargaining unit members hired on or after July 1, 2005 who are regularly scheduled to work at least thirty-two (32) hours per week; an amount equal to eighty percent (80%) of the actual monthly premium for the medium plan for all bargaining unit members hired after February 2, 2006 and prior to March 1, 2009 who are regularly scheduled to work between 20 and 31.99 hours per week and who are taking Board hospitalization and major medical insurance as of June 30, 2008; and fifty percent (50%) of the actual monthly premium for all bargaining unit members hired on or after March 1, 2009 who are regularly scheduled to work between 20 and 31.99 hours per week. In the event of an increase in the premium, the Board will pay the same percent, as listed above, of such increase.
Single Premium. Eighty percent (80%) of the actual monthly premium for all bargaining unit members hired prior to July 1, 2005 who are regularly scheduled to work at least fifteen (15) hours per work; eighty percent (80%) of the actual monthly premium for all bargaining unit members hired on or after July 1, 2005 who are regularly scheduled to work at least thirty-two (32) hours per week; and fifty percent (50%) of the actual monthly premium for all bargaining unit members hired on or after July 1, 2005 who are regularly scheduled to work between 20 and 31.99 hours per week. In the event of an increase in the premium, the Board will pay the same percent, as listed above, of such increase.
