First Premium definition

First Premium means the first payment of the scheduled premium into this Policy in accordance with Clause B.1(a) of which the New Money Crediting Interest Rate shall apply;

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First Premium means the first gross premium payment for the Eligible Plan based upon the payment frequency selected. The calculation of gross premium shall include (a) the amount(s) paid for additional coverage under any supplementary agreement that attaches to the basic policy and which bears the same policy number, (b) any extra premiums payable as a result of substandard loadings, and (c) GST. No aggregation of premiums between two or more policies will be allowed.

First Premium means the premium stipulated in this policy, if the premium is paid in one. If the premium is paid in installments, it means the first installment premium.

Examples of First Premium in a sentence

• The First Premium Option shall vest based on the continued employment of the Executive in equal annual installments of 25 percent of the number of subject shares on each of the first, second, third and fourth anniversaries of the IPO Date.

• The First Premium Option shall have a 10-year term of exercise and, except as otherwise provided in this Agreement, shall remain exercisable following vesting for the full term without regard to the employment status of the Executive.

• On the IPO Date, the Executive shall be granted an option (the "First Premium Option") under the Company's Executive Stock Incentive Plan to purchase a number of shares of Common Stock (rounded to the nearest whole share) equal to 2.5 percent of total number of outstanding shares of all classes of the common stock immediately prior to the IPO Date.

• If you would prefer your premiums withdrawn other than monthly, please check appropriate box:  Quarterly (every three months)  Semi-Annual (every six months)  Annual (once a year) First Premium: Please draft the first premium from my account.

• The Total New Business First Premium Income of LIC’s foreign units during the period from 01.04.2013 to 31.03.2014 was INR 888.05 crore under 1,22,316 policies.

• For purposes of this Agreement, the term "Affiliate" shall include but not be limited to Barrington Bank & Trust Company, Hinsdale Bank & Trust Company, Lake Forest Bank & Trust Company, Libertyville Bank & Trust Company, North Shore Community Bank & Trust Company, First Premium Services, Inc.

• Coverage under this Agreement shall not take effect until the Reinsurer has received payment of the First Premium Installment; provided, however, that once the First Premium Installment has been received by the Reinsurer coverage hereunder shall be effective as of the Effective Date of this Agreement.

• As premium for reinsurance coverage provided by this Contract, the Company shall pay an amount, shown as "Reinsurance Premium" for that excess layer in Schedule A attached hereto payable in installments, shown as the "First Premium Installment,", payable at the inception of this Contract, and the "Second Premium Installment," payable on May 31, 2021, for that excess layer in the Schedule A attached hereto.

More Definitions of First Premium

First Premium means the premium payable in respect of bovine animals in the first age bracket pursuant to the first indent of Article 4(2)(b) of Council Regulation 1254/1999;

First Premium means the first premium towards policy along with application form.

First Premium means the first gross premium payment for an Eligible Plan based upon the payment mode selected. The calculation of gross premium shall include the amount(s) paid for additional coverage as set out in the supplementary agreement(s) attached to the basic policy and which bears the same policy number. It includes the goods and services tax paid for such policy and the extra premiums payable as a result of substandard loadings. No aggregation of premiums among two or more policies will be allowed.