Premium Payment Sample Clauses
The Premium Payment clause sets out the obligations and terms regarding the payment of premiums under an agreement, typically in insurance contracts. It specifies when and how the premium must be paid, such as in a lump sum or installments, and may outline acceptable payment methods or consequences for late payment. This clause ensures that both parties are clear on the financial requirements, helping to prevent disputes and ensuring that coverage or services remain in effect as long as payments are made as agreed.
Premium Payment. The Bank shall pay any premiums due on the Policy.
Premium Payment. 14.01 (a) (Article 14.01(a) applies to full-time nurses only) If a nurse is authorized to work in excess of the hours referred to in Article 13.01 (a) or (c), she or he shall receive overtime premium of one and one-half (1 1/2) times her or his regular straight time hourly rate. Notwithstanding the foregoing, no overtime premium shall be paid for a period of less than fifteen (15) minutes of overtime work where the nurse is engaged in reporting functions at the end of her or his normal daily tour. If authorized overtime amounts to fifteen (15) minutes or more, overtime premium shall be paid for the total period in excess of the normal daily tour. Overtime premium will not be duplicated for the same hours worked under Article 13.01 (a) and (c) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement. Nothing herein will disentitle the nurse to payment of the normal tour differential provided herein. For purpose of clarity, a nurse who is required to work on her or his scheduled day off shall receive overtime premium of one and one-half (1 1/2) times her or his regular straight time hourly rate except on a paid holiday the nurse shall receive two (2) times her or his straight time hourly rate The Hospital agrees that if the Collective Agreement provided a greater overtime premium for overtime work immediately prior to this Agreement, the Hospital will continue to pay such greater overtime premium. This is not intended to entitle the nurse to be paid for work performed while engaged in the reporting functions as provided herein.
Premium Payment. The Company shall pay any premiums due on the Policy.
Premium Payment. The Bank shall pay all premiums due on all Policies.
Premium Payment. The policyholder is responsible for paying the premium on time. Premium payment is due on the renewal date of the policy or any other due date authorized by the insurer. Premium notices are provided as a courtesy, and the insurer provides no guarantee of delivering such notices. If a policyholder has not received a premium notice thirty (30) days prior to the premium payment due date, and the policyholder does not know the amount of the premium payment, he/she should contact his/her producer or the insurer. Payment may also be made online at ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇.
Premium Payment. The first month’s Premium is due and payable when You apply for coverage. Coverage will begin on the effective date of this Contract as defined herein. Subsequent Premiums are due and payable on the first of each month thereafter.
Premium Payment. Unless otherwise provided for in the collective bargaining agreement, retired employees shall pay the total premium plus the additional two percent administrative fee charged under COBRA.
Premium Payment. 17.01 If a nurse is authorized to work in excess of the hours referred to in Article 16.01, she shall receive overtime premium of one and one-half (1 ½) times her regular straight time hourly rate. Notwithstanding the foregoing, no overtime premium shall be paid for a period of less than fifteen (15) minutes of overtime work where the nurse is engaged in reporting functions at the end of her normal daily tour. If authorized overtime amounts to fifteen (15) minutes or more, overtime premium shall be paid for the total period in excess of the normal daily tour. Overtime premium will not be duplicated for the same hours worked under Article 16.01 nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement. Nothing herein will disentitle the nurse to payment of the normal tour differential provided herein. For the purposes of clarity, a nurse who is required to work on her scheduled day off shall receive overtime premium of one and one-half (1½) times her regular straight time hourly rate.
17.02 Notwithstanding the foregoing, overtime will not be paid for additional hours worked during a twenty-four (24) hour period either as a result of change in tour on the request of a nurse or a change-over to daylight saving from standard time or vice versa or an exchange of tours by two nurses.
17.03 Where a nurse is required to work on a paid holiday or on an overtime tour or on a tour that is paid at the rate of time and one-half her regular straight time hourly rate and she is required to work additional hours following her full tour on that day (but not including hours on a subsequent regularly scheduled tour for such nurse) she shall receive two (2) times her regular straight time hourly rate for such additional hours worked.
(a) A nurse who reports for work as scheduled, unless otherwise notified by the Home, shall receive either a minimum of four (4) hours pay or the amount of hours scheduled, whichever is the lesser, at regular straight time hourly rate. She shall be required to perform any nursing duties assigned by the Home which she is capable of doing, if her regular duties are not available.
(b) A nurse who works a second consecutive full tour shall be entitled to the normal rest periods and meal period for the second tour, and shall be provided at the time of the meal period with a hot meal or four dollars ($4.00) if the Home is unable to provide the hot meal. Other nurses required to work m...
Premium Payment. (Article (a) applies to full-time nurses only) If a nurse is authorized to work in excess of the hours referred to in Article
Premium Payment. 12.1 The first premium for this insurance is due from the commencement date of the policy. Each and every subsequent premium is payable on the premium due date. For insurance with periodic premium payment per month or year, the premium is automatically debited at the beginning of the month from the specified IBAN bank account.
12.2 If, for whatever reason, the follow-up premium is not paid on time, there is, after a reminder, still one month to pay it. If the subsequent premium including costs is not paid to the administrator in full within the said period, the cover is suspended automatically from the premium due date until the premium arrears are paid to the administrator in full. An event during the period that the cover is suspended and that results in entitlement to a benefit on the basis of this insurance is not covered. Moreover, the insurer shall be entitled to terminate the insurance. Already paid premiums shall not be repaid. In case of a pledged policy, the insurer will inform the finance company of the lapse of the policy.
12.3 Any and all judicial and extrajudicial costs that are incurred by the insurer for the collection of overdue premium instalments and possible statutory interest due shall be borne by the policyholder.