RETURN PREMIUMS Sample Clauses

RETURN PREMIUMS. If this policy is cancelled, you will be entitled to a premium refund in accordance with the following provisions unless we have paid for a total loss or constructive total loss of the vessel insured under this policy, in which case no refund of premium will be due. In order to calculate the amount of any premium refund to which you may be entitled, we will first add back to the annual premium any advance discount that you were given for a lay- up period. If we cancel the policy, you will be entitled to a return premium in an amount equal to the product obtained by multiplying the stated premium for the policy year by a factor the numerator of which is the number of consecutive days elapsed from the first day of the policy year until the date as of which we cancel the policy and the denominator of which is 365; provided, however, that the return premium shall be reduced to the extent necessary to ensure that we retain an amount at least equal to the minimum earned premium shown on the Declarations Page. If you cancel the policy, you will be entitled to a return premium in an amount equal to 90% of the premium that would have been due if we cancelled the policy (as described above) provided, however, that the return premium shall be reduced to the extent necessary to ensure that we retain an amount at least equal to the minimum earned premium shown on the Declarations Page. Any return premium will be paid to you as soon as possible after the cancellation.
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RETURN PREMIUMS. If This Policy is cancelled, You may be entitled to a partial premium refund. If We cancel This Policy, any return premium will be computed on a pro-rata basis. If the Named Insured cancels This Policy, any return premium will be computed on a pro-rata less ten (10) percent basis. No premium will be returned to the Named Insured if We have paid for a Total Loss or Constructive Total Loss of the Insured Vessel under This Policy. Your policy premium shall become fully earned and any uncollected premium shall be deducted from your final loss statement.

Related to RETURN PREMIUMS

  • Shift Premiums (a) Evening/Night Premium Employees working an evening or night shift where the major portion of hours worked fall within the hours of 1500 and 0800 hours, shall be paid at their regular hourly rate plus a shift premium of $2.10 ($2.75 effective July 1, 2015) per hour for all hours worked.

  • Overtime Premiums All time worked before or after the regularly established working day shall be considered overtime and be paid for at one hundred and fifty (150%) percent of the employee's pro- rated hourly rate for the first two (2) hours and double the employee's regular hourly rate for each hour worked thereafter.

  • Insurance Premiums Tenant shall pay or cause to be paid all premiums for the insurance coverage required to be maintained pursuant to Article 9.

  • 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.

  • Weekend Premiums An employee shall be paid a weekend premium of two dollars ($2.00) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday.

  • Benefit Premiums The Employer shall continue to pay its portion of insured benefit premiums, provided employees continue to pay their portion, as follows:

  • A-E’S EXPENSE A-E will be responsible for all costs related to photo copying, telephone communications and fax communications while on COUNTY sites during the performance of work and services under this CONTRACT.

  • Overtime Premium Pay Time and one-half (1 1/2) the employee's straight time rate of pay shall be paid for all hours actually worked in excess of forty (40) hours in any one workweek.

  • Uniform Maintenance Allowance 22.1 The City provides uniforms or uniform allowance for employees represented by the Association. The City will continue to replace, repair and maintain uniforms worn in the line of duty. The average cost of the uniforms/uniform allowances are reported as special compensation (for those employees defined as “classic employees” by the Public Employees’ Pension Reform Act of 2013 for retirement calculation purposes and is currently reported as $17 per pay period.

  • 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.

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