Employee premium definition

Employee premium means the monthly premium share a person or family is required
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Employee premium means the monthly premium share an individual or family is required to pay to the employer to obtain and maintain ESI coverage.
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Employee premium means for any Employee the sum of (a), (b), (c) and (d) below:
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Examples of Employee premium in a sentence

  • See Section 6.CONTRIBUTIONS: Employee premium contributions are required.

  • Employee premium share for health, dental and vision insurance shall be as specified in the charts appended to this Agreement.

  • Employee premium costs and plan coverage limits vary based on benefit eligibility requirements and union status.

  • Notwithstanding the foregoing, existing Employee premium share shall apply on the same basis as the least rich eliminated health benefit plan.

  • Employee premium payments and School District premium contributions will be pro-rated over 17 pay periods during the employee’s regular work year on a schedule to be determined by the School District.

  • Existing Employee premium share shall apply on the same basis as the premium share defined for those plans currently in place covered by this Plan.

  • The Employer and Employee premium cost share shall remain unchanged at these percentages for each tier of coverage for the remaining duration of this contract, except as provided for herein.

  • Employee premium contributions are made through payroll deduction on a pre-tax basis.

  • No Employer or Employee premium payments shall be required during the eight (8) week eligibility period.

  • Employee premium payments will be paid through payroll deduction.


More Definitions of Employee premium

Employee premium means the monthly premium share a person or family is required 29 to pay to the employer to obtain and maintain ESI coverage.
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Related to Employee premium

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • State premium tax liability means any liability

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Premium means any premium payable under the terms of the Notes.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.