Non-MP Policy definition

Non-MP Policy means a policy or group contract issued by the Company (or another member of the Company’s controlled group) *** to the *** providing medical benefits under a *** which is not covered by the Minimum Premium Arrangement. "Non-MP Policies" refer collectively to two or more such policies, group contracts or both.
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Examples of Non-MP Policy in a sentence

  • Section 1 (p) is amended and restated in its entirety to read as follows: "Non-MP Policy" means a policy or group contract issued by the Company (or another member of the Company’s controlled group) *** to the *** providing medical benefits under a *** which is not covered by the Minimum Premium Arrangement.

  • If the Pooling Option is elected by the Employer, the Pooling Charge shall be based on Employees covered under a Policy or Non-MP Policy (“Covered Employees”) and shall be as follows: • With respect to the 2005 Arrangement Year, o *** per Covered Employee per Arrangement Month.

  • Each Arrangement Quarter, the Company sets the monthly premium for Employees covered under each Policy and Non-MP Policy based on the *** of Employees among the Policies and the Non- MP Policies in order to produce a *** rate that *** the Monthly Payable Rate for the Arrangement Quarter.

  • The Company is authorized, in its ***, to revise the premium of any Policy or Non-MP Policy for each Arrangement Quarter so as to result in a *** rate for all MP Financial Agreement 23 Policies and Non-MP Policies that *** the revised Monthly Payable Rate for that Arrangement Quarter.

  • Each Arrangement Quarter, the Company sets the monthly premium for Employees covered under each Policy and Non-MP Policy based on the *** of Employees among the Policies and the Non-MP Policies in order to produce a *** rate that *** the Monthly Payable Rate for the Arrangement Quarter.