INSURANCE FUND Sample Clauses

INSURANCE FUND. 18.1 Each contractor shall pay on an hour earned basis, rates as noted below, for all employees covered by this Collective Agreement into the Local Health and Welfare Fund where the employee is working: Province May 1/22 May 1/23 May 1/24 Newfoundland 2.35 2.35 2.35 Nova Scotia 2.15 2.15 2.15 New Brunswick & PEI 3.25 3.35 3.45 Ontario 3.03 3.03 3.03 Manitoba 1.89 1.89 1.89 Saskatchewan 2.09 2.34 2.59 Alberta & NWT Local 488 2.40 2.40 2.40 Alberta Local 496 1.70 1.70 1.70 British Columbia 2.67 2.67 2.67
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INSURANCE FUND. The Employer agrees to pay to Pipefitters Local No. 636 Insurance Fund for each Employee covered by this Agreement, the current allocated sum for the Insurance Fund for each hour worked, which shall be used for the purpose of providing Group Insurance for Employees and their dependents.‌‌‌‌‌‌‌‌
INSURANCE FUND. There has been established a proper and effective insurance fund which contains provisions for the benefit of disabled, sick and injured employees and their dependents, and which provides for hospitalization, medical care, death benefits and such other incidental benefits as may be obtainable or procurable from any insurance group plan and/or insurance company. Some of the said funds will be used to purchase "Major Medical" benefits for the employees.
INSURANCE FUND. The Board will pay per administrator or supervisor in each year of this Agreement for the purchase of such benefits as are purchased by the Welfare Insurance Fund of the Yorktown Congress of Teachers for teachers employed by the Board the amount which the Board contributes for each teacher to the Welfare Insurance Fund in that year.
INSURANCE FUND. The borrower knows and understands provisions in Managing Methods, and knows that he is the subscription obligor of the insurance fund, and agrees to pay the insurance fund according to Managing Methods.
INSURANCE FUND. (A) Effective June 1, 2013, full-time employees (that is, employees regularly working thirty (30) or more hours per week, as determined by the Employer in accordance with applicable law) who so elect will receive health, prescription drug, dental, vision, optical, short-term disability and life insurance coverage pursuant to the Amalgamated National Health Fund “RBNJAA” Plan or such other welfare fund that the Employer and the Union shall designate (“Fund”). The aggregate monthly contributions (both Employer and employee paid) for the Fund will be no greater than the following amounts: EffectiveJune 1, 2013 EffectiveJune 1, 2014 EffectiveJune 1, 2015 Employee Coverage $610.00 $671.00 $739.00 Employee Plus Child $800.00 $880.00 $968.00 Employee Plus Children $1,098.00 $1,208.00 $1,329.00 Employee Plus Spouse $1,170.00 $1,287.00 $1,416.00 Family $1,687.00 $1,856.00 $2,041.00
INSURANCE FUND. The Employer agrees to pay 11 percent of gross earnings of all of its employees who come under the scope of this Agreement to the Amalgamated Retail Insurance Fund to provide certain health and welfare benefits to its employees. The Union and the Employer further agree to sign any and all instruments necessary to effectuate the provisions of this Article.
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INSURANCE FUND. (a) The Employer agrees to pay monthly into the Union's Insurance Fund for all Journeymen, the following hourly amounts: August 19, 2013 - $ 9.50 per hour worked August 1, 2014 - TO BE ALLOCATED BY MEMBERSHIP, PURSUANT TO CONTRACT August 1, 2015 - TO BE ALLOCATED BY MEMBERSHIP, PURSUANT TO CONTRACT

Related to INSURANCE FUND

  • Insurance Funds (a) Borrower shall cause Mortgage Borrower to comply with all the terms and conditions set forth in Section 6.3 of the Mortgage Loan Agreement.

  • Deposits of Insurance Funds Borrower shall deposit with or on behalf of Lender on each Monthly Payment Date, an amount equal to one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof, in order to accumulate sufficient funds to pay all such Insurance Premiums prior to the expiration of the Policies, which amounts shall be transferred into an Account established at the Collection Account Bank to hold such funds (the “Insurance Account”). Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

  • Release of Insurance Funds Provided no Event of Default is continuing, Lender shall apply Insurance Funds in the Insurance Account to timely pay, or reimburse Borrower for payments of, Insurance Premiums. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining in the Insurance Account after the Obligations have been paid in full shall be returned to Borrower. Provided no Default or Event of Default exists, the Insurance Funds reserved for any Property will be released upon a permitted sale and release of such Property in accordance with the terms hereof.

  • Insurance Reserves Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the insurance premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor's sole responsibility.

  • Tax and Insurance Escrow Fund (a) If (and for so long as) a Trigger Event shall have occurred and shall not have been cured by a Trigger Event Cure, on each Payment Date during such period, Borrower shall pay to Lender (or Servicer, as directed by Lender) an amount equal to (i) one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates, and (ii) one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (said amounts in (i) and (ii) above hereinafter called the “Tax and Insurance Escrow Fund”). Lender shall apply the Tax and Insurance Escrow Fund to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.1.2 hereof and under the Mortgage Loan Agreement. In making any payment relating to the Tax and Insurance Escrow Fund, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax and Insurance Escrow Fund shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Section 5.1.2 hereof, provided no Event of Default shall have occurred and be continuing, then Lender shall return any excess to Borrower (or to Operating Company, if so directed by Borrower). In allocating such excess, Lender may deal with the Person shown on the records of Lender to be the owner of the Properties. If at any time Lender reasonably determines that the Tax and Insurance Escrow Fund is not or will not be sufficient to pay Taxes and Insurance Premiums by the dates set forth in (i) and (ii) above, Lender shall notify Borrower of such determination and Borrower shall increase its monthly payments to Lender by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to the due date of the Taxes and/or thirty (30) days prior to expiration of the Policies, as the case may be.

  • Insurance Companies Insurance required hereunder shall be in companies duly licensed to transact business in the State of Washington, and maintaining during the policy term a General Policyholders Rating of ‘A-’ or better and a financial rating of ‘IX’ or better, as set forth in the most current issue of “Best’s Insurance Guide.”

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • General Account All assets of SBL other than those allocated to the Separate Account or any other separate account of SBL. GUARANTEE PERIOD Current Interest, if declared, is fixed for rolling periods of one or more years, referred to as Guarantee Periods. SBL may offer Guarantee Periods of different durations. The Guarantee Period that applies to any Fixed Account Contract Value:

  • Separate Insurance Borrower shall not take out separate insurance contributing in the event of loss with that required to be maintained pursuant to this Section 6.1 unless such insurance complies with this Section 6.1.

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