Other premiums Clause Samples
The "Other premiums" clause defines the treatment and handling of additional premium payments that may arise outside of the main premium obligations in a contract. This clause typically covers situations where extra premiums are required due to changes in risk, policy amendments, or regulatory requirements, specifying how and when these payments must be made. Its core function is to ensure that all parties understand their responsibilities regarding supplementary premium payments, thereby preventing disputes and ensuring the contract remains adequately funded under changing circumstances.
Other premiums. Additional or subsequent premiums may be added to an insurance premium finance agreement from time to time, provided that:
(a) The additional or subsequent insurance premium to be added results from additional premiums required under policies presently being financed under the insurance premium finance agreement or from a renewal of a policy or from other policies owned or purchased by the insured.
(b) The insurance premium finance company receives written notice or advice from an insurer authorized to do business in this state or from an insurance agent licensed in this state acknowledging that the premium on an existing financed policy has been increased or that a policy has been renewed or that additional policies have or will be issued to the insured. The notice or advice shall contain the amount of the additional premium, the down payment collected by the insurer or agent, if any, and the amount of premium to be added to the insurance premium finance agreement.
(c) If the additional premiums to be added to the insurance premium finance agreement result from additional premiums required on policies presently financed under the agreement or from a renewal of a policy or from other policies owned or purchased by the insured, a written notice must be mailed, faxed, or delivered to the insured outlining any changes to the information required by subdivision 1 along with a conspicuous statement to the insured that the insured may tender the premiums in full or affirm the proposed changes by tendering either an additional down payment or tendering the proposed revised installment amount, or disaffirm the financing of the additional premium by continuing the original payment amount as agreed to in the initial agreement. If the proposed revisions in paragraph (c) are affirmed by the insured, the finance company may make an additional finance charge according to section 59A.09 for the additional premium financed and added to the open-end agreement; however, no additional flat service fee may be made or charged for adding additional or subsequent premiums to an open-end insurance premium finance agreement for which a flat service fee was previously made or charged.
Other premiums. Premium to be applied to those Patient Care Technicians whose work focuses on anesthesia equipment, turn around between cases and the opening of sterile cases: $.35 per hour Block fabricator premium paid for one (1) or more hours: $.50/hour Receiving clerk premium (Warehouse Workers Only): $1.25/hour CS Tech II: CS Techs who become certified and maintain their certification will be paid $1/hour above their base rate of pay. Custodians: Custodians who become certified and maintain their certification will be paid $1/hour above their base rate of pay. Surgical Tech: Surgical Techs who become certified and maintain their certification will be paid $1/hour above their base rate of pay.
Other premiums. The employee will receive appropriate shift differentials and weekend premiums.
Other premiums. Premium to be applied to those Patient Care Technicians whose work focuses on anesthesia equipment, turn around between cases and the opening of sterile cases: $.35 per hour (WWA) Block fabricator premium paid for one (1) or more hours: $.50/hour WWA Receiving clerk premium (Warehouse Workers Only): $1.25/hour
Other premiums. All prepayments of the Notes made after the first anniversary of the Effective Date either (i) pursuant to Sections 2.10(a) and 2.10(d) or (ii) as a result of the Notes being accelerated for any reason pursuant to Article VII (with such acceleration being deemed to be a prepayment of the Notes accelerated or otherwise becoming due for purposes of this Section 2.10) shall be subject to a premium (to be paid to Administrative Agent for the benefit of the Purchasers as liquidated damages and compensation for the costs of being prepared to make funds available hereunder with respect to the Notes) equal to the amount of such prepayment multiplied by (i) four percent (4.0%), with respect to prepayments made after the first anniversary of the Effective Date but on or prior to the second anniversary of the Effective Date, (ii) three percent (3.0%), with respect to prepayments made after the second anniversary of the Effective Date but on or prior to the third anniversary of the Effective Date and (iii) zero percent (0.0%), with respect to prepayments made after the third anniversary of the Effective Date.
Other premiums. The City shall pay premiums based on the employee’s regular rate of pay (base salary) for the following assignments except for sergeants: Investigations 5.0% FTO 5.0% for time spent working with a recruit Bike Officer 2.5% for time spent on bike patrol Motorcycles 5.0% School Resource Officer 5.0% Detective Sergeant 5.0% when assigned by Police Chief or designee In no event will an employee be entitled to pay under Article 26 for incentive and/or premium pay in excess of 14%. Each premium shall be paid during each month an employee serves in an assignment as determined by the City. Premiums shall be computed based upon the employee's base salary. All work performed for the assignment beyond the regular shift must be approved by the Chief or a designee and properly recorded by the officer performing the assignment. The Chief makes assignments and may reassign officers from such assignments.
Other premiums. 16.5.1 The categories of workers listed hereunder shall be paid a premium as in Table 2: Scavenging Loaders $4.50 per day Cesspool Drivers and Attendants $5.00 per day Market Cleaners $4.00 per day Underground (Chokemen) $4.00 per day Surface Drain Workers $4.00 per day Table 2 – Other Premiums
16.5.2 (When working on back drains or drains similar to drain or drains in San ▇▇▇▇▇▇▇▇ for which this allowance is paid, is to be later specified in a side letter from the Chief Personnel Officer to the Union after relevant survey).
16.5.3 A premium shall be paid to other categories of workers who by the nature of their work are exposed to abnormal hazards in respect of their health or clothing where protective gear is not provided.
16.5.4 The Employer and the Union shall agree on the type of work that qualifies for such a premium and the amount of the premium that shall be paid in each case.
16.5.5 Where a worker in his/her respective classification is already in receipt of a premium superior to that listed in this clause, he shall continue to receive the superior premium. Such a worker will not have any claim to the provisions listed above.
Other premiums