Regular Premium Clause Samples

The Regular Premium clause defines the requirement for the policyholder to make ongoing, scheduled payments to maintain the validity of an insurance policy. Typically, these payments are made monthly, quarterly, or annually, and the amount and frequency are specified in the policy documents. This clause ensures that the insurer receives consistent funding to provide coverage, and it clarifies the policyholder’s obligation to keep the policy active, thereby preventing unintentional lapses in coverage due to missed payments.
Regular Premium the total premium of Basic Premium and Rider Premium, according to chosen modal premium.
View SourceView Similar (4)
Regular Premium. Effective April 1, 2023, all regular employees will be paid a pre- mium of $2.15 per hour for each hour worked excluding overtime.
View SourceView Similar (3)
Regular Premium. Effective April 1, 2023, all regular employees will be paid a premium of $2.15 per hour for each hour worked excluding overtime.
View SourceView Similar (3)
Regular Premium. Regular Premium, whether premium for basic plan and any supplements, must be paid in the same payment frequency. Regular Premium is payable to Us on or before the due date and may be paid annually or monthly. You may request to change the frequency of premium payment by sending Us a written request. Changes may not be made while the Regular Premium is being waived through any waiver of premium supplement.
View Source
Regular Premium. The ISA Plan Manager may make regular Premium payments on behalf of the relevant Customer, providing that the PruFund Funds are open to new investment.
View Source

Related to Regular Premium

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • 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.

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

  • Night Shift Premium All hours worked by an employee between ten (10:00) p.m. and seven (7:00) a.m. shall be considered as shift work and paid for at the applicable straight time/overtime rate plus two ($2.00) dollars per hour shift premium for each full hour worked during this period. Night-shift premium shall not be added to the employee’s hourly rate of pay for the purpose of computing overtime pay.