REQUIRED PREMIUM Sample Clauses

REQUIRED PREMIUM. Each participating employee will contribute 50% of the premium cost of $0.30 per thousand per month, whichever is the lesser.
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REQUIRED PREMIUM. The monthly premium cost is paid by the Company.
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REQUIRED PREMIUM. Active Employees: Effective May 1, 2006, each participating employee will be provided a Basic Term Life Insurance of $75,000 at no premium cost to the employee. An eligible employee who elects to participate in the Optional Term Life Insurance will be required to contribute the necessary premium as required. Retired Employees: No contribution is required.
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REQUIRED PREMIUM. The Company shall pay 75% of the cost of the plan and the Employee shall pay 25%. Employees on WSIB and WI will contribute 50% of the premium cost or thirty (.30) per thousand per month, which ever is the lesser up to 12 months. For the purpose of this coverage for those on WSIB or WI the premium paying arrangement in place during the September 1, 2005 Collective Agreement will apply.
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REQUIRED PREMIUM. Each participating employee will contribute thirty cents per thousand dollars of coverage per month towards the premium cost. The premium cost for the coverage will be borne by the Company.
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REQUIRED PREMIUM. Each participating employee will contribute of the premium cost of per thousand per month, whichever is the lesser. AMOUNT OF INSURANCE per employee, or as may be amended. COMMENCEMENT OF INSURANCE
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Related to REQUIRED PREMIUM

  • Required Prepayments On August 1, 2002, and on each August 1 thereafter to and including August 1, 2010, the Company will prepay $5,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at par and without payment of the Make-Whole Amount or any premium, provided that upon any partial prepayment of the Notes pursuant to Sections 8.2 or 10.2 or purchase of the Notes permitted by Section 8.5, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase.

  • Weekend Premium Effective July 1, 2020, an employee shall be paid a weekend premium of one dollar and ten cents ($1.10) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Overtime and Premium Pay Section 1. Overtime at the rate of one and one-half (1 1/2) times an employee's regular straight time hourly rate of pay shall be paid for all work over forty (40) hours in one (1) week.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Premium Pay “Premium Pay” is a special pay rate for working during times that are less desirable, such as weekends, holidays or late shifts. The City will not pay the Consultant Premium Pay.

  • 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.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday:

  • Shift and Weekend Premium (a) Effective July 1, 2019, an employee shall be paid a shift premium of ninety cents (90¢) per hour for each hour worked between the hours of 1500 hours and 0700 hours. Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95¢) per hour for each hour worked between the hours of hours of 1500 hours and 0700 hours.

  • Sunday Premium All hours worked by an Employee on Sunday, shall be paid for on the basis of one and one-half (1½) times the Employee’s Regular Rate of Pay. For the purpose of this Section, Sunday shall be deemed to be the twenty-four (24) hours beginning with the shift change hour nearest to 12:01 a.m.

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