Premium Payments, Grace Period and Changes in Premium Rates. This section tells you when premium payments are due, what happens when payments are not received and when premium rates can change.
Premium Payments, Grace Period and Changes in Premium Rates Sample Clauses
Related to Premium Payments, Grace Period and Changes in Premium Rates
Premium Rates No recapture will be permitted if the Ceding Company has either obtained or increased stop loss reinsurance coverage as justification for the increase in retention limits.
Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.
Wages and Classification Premiums Provisions under these headings shall remain unchanged and are repeated as 20.04, except to the extent that the Wage Schedule referred to in the hospital's expiring collective agreement shall be adjusted and retroactivity shall be paid in accordance with the Implementation Agreement signed.
Penalty Rates 24.2.1 The following do not apply to Locomotive Running Employees or Train Controllers: • Any time worked on Saturday: Time and a half • Any time worked on Sunday: Double time • Any time worked between 2000 -0600 hours Monday to Friday Time and a quarter
How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your account agreement for more details.
Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.
Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.
Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.
Premium Payment The Bank shall pay any premiums due on the Policy.
Pay Rates Unit members must have been on an active status for a minimum of six
