Plan Premiums Sample Clauses

The "Plan Premiums" clause defines the payment obligations for participants or employers regarding the cost of maintaining coverage under a specific plan, such as a health insurance or benefits plan. It typically outlines how much must be paid, the frequency of payments (e.g., monthly or annually), and the methods by which premiums should be remitted. This clause ensures that all parties understand their financial responsibilities, helping to prevent lapses in coverage due to non-payment and providing clarity on the terms of ongoing participation in the plan.