MP Premium definition

MP Premium has the meaning assigned to it in section 3(a) of the Agreement.
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Examples of MP Premium in a sentence

  • As provided in section 1(v) of the Agreement, the MP Premium may include any adjustments authorized in Exhibit E of the MP Administrative Services Agreement in respect of previous Arrangement Months including any additions, terminations or changes in coverage not known at the beginning of the Arrangement Month to which such MP Premium applies.

  • The MP Premium for the Policies for the Arrangement Month shall be the amount determined pursuant to Exhibit D hereto.

  • Except as provided in paragraph (B) below, the Employer may terminate this Agreement by giving the Company notice thereof not more than *** business days following receipt from the Company of notice of an *** of more than *** percentage points in the percentage of the *** used to calculate the MP Premium.

  • The *** as of the 15th of month preceding each of January 1st, April 1st, July 1st and October 1st, shall be the *** that is used to determine the expense percentage, MP Premium and MMEBO for the quarter beginning that immediately following January 1st, April 1st, July 1st, and October 1st.

  • Any grace period otherwise applicable under a Policy shall not apply to the MP Premium.

  • The amount of premium to be paid by the Employer to the Company for insurance of the Health Benefits payable under the Policies, as modified by the Agreement, is changed to be equal to the sum of (a) the MP Premium, and (b) the ***.

  • The amount of premium to be paid by the Employer to the Company for insurance of the Health Benefits payable under the Policies, as MP Financial Agreement 8 modified by the Agreement, is changed to be equal to the sum of (a) the MP Premium, and (b) ***.

  • However, the Company shall not terminate the Agreement for the Employer's failure to pay the MP Premium on the first day of the Arrangement Month if the Employer pays (a) an amount equal to *** of the total MP Premium for the previous Arrangement Month on or before the *** calendar day of the applicable Arrangement Month; and (b) the remaining balance of the MP Premium for the Arrangement Month on or before the *** calendar day of such Arrangement Month.

  • The MP Premium for the Policies for the Arrangement Month shall be the sum of the following: *** of the for each *** policy *** of the for each *** policy The MP Premium is due on the first day of the Arrangement Month to which it applies.

  • All of the provisions of each Policy that apply to “premium” for Health Benefits of the Policy apply to the MP Premium and the ***.