Examples of Premium Component in a sentence
This Plan is designed to permit an Eligible Employee to pay for his or her share of Contributions on a pre- tax salary reduction basis under the Premium Component, and contribute to the reimbursement benefit(s) on a pre-tax salary reduction basis.
In no event shall reductions in the Premium Component be reinstated.
This Plan is designed to permit an Eligible Employee to pay for his or her share of Contributions on a pre-tax salary reduction basis under the Premium Component, and contribute to the reimbursement benefit(s) on a pre-tax salary reduction basis.
Reconciliation instructions identify the committees that must recommend changes in laws affecting revenues or direct spending programs within their jurisdiction in order to implement the priorities agreed to in the budget resolution.5 All committees receiving such instructions must submit recommended legislative language to the Budget Committee in their respective chamber, which packages the recommended language as an omnibus measure and reports the measure without substantive revision.
CPREMIUMud refers to Premium Component Payment, CDISCOUNTud refers to Discount Component Payment, CAOOPOud refers to Payments or Charges for Offer Price Only Accepted Offers, CABBPOud refers to Payments or Charges for Bid Price Only Accepted Bids + CFCub refers to Fixed Cost Payment or Charges.
The Premium Component shall be reduced immediately following our honoring any draft drawn hereunder to pay premium on Eligible Bonds in connection with a Redemption/Mandatory Purchase Drawing, by an amount equal to the amount of such draft.
Additionally, upon receipt of a Notice of Reduction in the form of Exhibit 4 to this Letter of Credit purportedly executed by you, we will reduce the Principal Component, Interest Component and Premium Component to the amounts therein stated.
For an Employee who does not elect the benefits with respect to the Health Insurance Plan or Life Insurance Plan under this Premium Component Plan, and for those Employees to whom the benefits of this Premium Component Plan, or any part thereof, are not available, both the Employee portion, if any, and the Employer portion of the premiums will be paid outside of this Plan.
Premium Component:% Component tocurrent premiumClaims to premiums113%Administrative costs78%Reasonable addition to reserve5%Reasonable addition to surplus5%Components to current premiums201% The scheme has suffered from adverse selection with the MFIs, because uptake requirements were reduced in order to generate membership.
Amounts withdrawn from the Premium Component reduce the cumulative premium balance.