Premia Sample Clauses
The Premia clause defines the payment of a premium, which is an upfront or periodic fee paid by one party to another, often in the context of insurance, options, or other financial agreements. This clause specifies the amount, timing, and method of payment for the premium, and may outline consequences for non-payment or adjustments in case of changes to the underlying agreement. Its core function is to ensure that the party entitled to the premium receives compensation as agreed, thereby allocating financial risk and clarifying payment obligations between the parties.
Premia. The entire article applies.
Premia. 10.1 Twilight payments and any equivalent payments will no longer be payable.
Premia provide that the additional assureds will have no responsibility for the payment of any premia due (but reserve the right to pay the same should any of them elect so to do) and that the insurers will not exercise any right of set-off or counter- claim in respect of any premium due against the respective interests of the additional assureds other than outstanding premia relating to the Aircraft, any Engine or Part;
Premia. Save where expressly set out in this Agreement, the insurance premia for the Operator Partner Insurances and the amount of any loss that would otherwise be recoverable under any of the Operator Partner Insurances but for the applicable uninsured deductible and limit of indemnity in respect of such insurance shall at all times be the responsibility of the Operator Partner.
Premia. Sunday staffing and other reforms: Management will actively seek to reduce the overall numbers of staff rostered for duty on Sundays. At the same time, all staff will co-operate with measures to achieve the most cost-effective skill-mix and staffing ratios to meet service needs. An intensive engagement process will begin immediately to review existing skill mix and staffing ratios to ensure that these identified needs are met. Co-operation will be forthcoming for other measures to improve efficiency and effectiveness of hospital services, in particular concentrating as much care provision as possible into the Monday to Saturday period. Staff co-operation will be forthcoming for the establishment of hospital groups and for the re-organisation of services within and between those groups.
Premia. 23.01 a) Evening shift premium
Premia. Save where expressly set out in this Agreement, the premia for the insurances referred to in clause 51.1 shall at all times be the responsibility of the Contractor.
Premia. Effective from the implementation of the agreement, the Sunday premium will be at the rate of time and three quarters. Staff who continue to work Sundays on an ongoing and permanent basis will be compensated in the following manner. o Compensation for the loss of premium equivalent to 12 months of the loss calculated by reference to the period from 01/06/13 to 31/05/14, i.e number of Sundays x 0.25. o Payment will be in two instalments: 1st Jan 2015, 50% of the compensation 1st July 2015, 50% of the compensation o Management will seek actively to reduce the overall numbers of staff rostered for duty on Sundays. At the same time, all staff will co-operate with measures to achieve the most cost effective skill mix and staffing ratios to meet service needs. An extensive engagement process will begin immediately to review existing skill mix and staffing ratios to ensure that these identified needs are met. Co-operation will be forthcoming for other measures to improve efficiency and effectiveness of hospital services, in particular concentrating as much on care provision as possible into the Monday to Saturday period. Staff cooperation will be forthcoming for the establishment of hospital groups and for the reorganisation of services within and between those groups. Twilight payments and any equivalent payments across sectors, will no longer be payable.