Pre-Payment of Premiums Sample Clauses

Pre-Payment of Premiums. During an Employer-approved unpaid leave of absence (LOA), a Worker’s Compensation Claim, or a Layoff of greater than thirty calendar (30) days, the Employer agrees to continue its EHC Plan premium contributions only for the month in which the LOA commences. If the Employee wishes to continue her EHC Plan participation beyond that first month of the LOA, she shall notify the Employer in writing of her decision to continue and shall remit payment for the full monthly EHC Plan premium no later than the first day of the month to which the premium applies. The Employee shall be wholly responsible for compliance with the EHC Plan carrier requirements for waiver of benefits and/or submission of the full monthly EHC Plan premium during the LOA. The maximum period the Employee can choose to continue to pay the full premium cost is for twelve (12) months or until such Employee is recalled or engaged elsewhere, whichever occurs first.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Pre-Payment of Premiums. Where a benefit eligible employee takes an assignment with the Employer outside of the bargaining unit, s/he may choose to prepay the premiums for those applicable benefits outlined in this Article for a maximum of eight months. Failure to prepay premiums will result in a loss of coverage.
Sample 1
Pre-Payment of Premiums. During an Employer-approved leave of absence that is without pay and benefits, the Employer agrees to pay the benefit premium cost share only for the month in which the leave of absence commences. If the Employee wishes to continue her benefit plan participation beyond that first month of the leave of absence, she shall notify the Employer in writing of her decision to continue and shall remit payment of the full monthly benefit plan premiums for all benefit plans she continues to participate in no later than the first day of the month to which the benefit plan premium is due. The Employee shall be wholly responsible for compliance with the benefit plan carrier requirements for waiver of benefits and/or submission of the full monthly benefit plan premium during the leave of absence.
Sample 1

Related to Pre-Payment of Premiums

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • Waiver of Premium In the event an employee becomes totally disabled before age seventy (70), there shall be a waiver of premium for all life insurance coverage that the employee had at the time of disability.

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

Time is Money Join Law Insider Premium to draft better contracts faster.