Premium Holiday definition

Premium Holiday means a period when all Regular Premium payments to the Policy are temporarily suspended.
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Premium Holiday means the feature which gives the option to the Policyholder to discontinue Regular Premiums under the Policy for the number of years chosen (and as mentioned in the Schedule); as per the terms & conditions mentioned in Section 10b) below. The Premium Holiday feature has to be chosen at the Policy Commencement Date.
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Premium Holiday. If the employer received a premium holiday(s), the employees shall not be required to pay their portion of the premium(s) for the holiday month(s).
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Examples of Premium Holiday in a sentence

  • In case the Basic Policy is put on a scheduled or automatic Premium Holiday, the frequency and method of premium payment preceding the commencement of such Premium Holiday shall be followed.

  • The City of Nashua hereby agrees to conduct a yearly loss ratio analysis of all health insurance plans offered to employees and return all employee overpayments in the form of a Health Insurance Premium Holiday at the completion of the analysis.

  • Refer to Article 17, Premium Holiday Pay, for a list of all recognized holidays.

  • Actual hours paid for both shifts working a Premium Holiday will not exceed twenty four (24) hours.

  • All employees who work on a shift during a Premium Holiday listed below shall be paid an additional one-half (1/2) time that of her/his/her regular rate of pay for the actual hours worked during the Premium Holiday.

  • Weekday $50.00 Weekday (Eve/Night) $52.50 Weekend Day/Premium Holiday $55.00 Weekend (Eve/Night)/ Premium Holiday $57.50 Upon ratification, Staff Per Diems shall make themselves available to work a minimum of one weekend shift per month, as well as one premium holiday from July 1 through November 30 and one Premium holiday from December 1 through June 30.

  • The City of Nashua hereby agrees to conduct a yearly loss ratio analysis of all Health Insurance plans offered to employees and return all employee overpayments in the form of a Health Insurance Premium Holiday at the completion of the analysis.

  • Compensation shall not be paid more than once for the same hours under any provision of this Agreement except Premium Holiday Pay.

  • Effective January 1, 2007 the following are the Per Diem hourly wage rates: Weekday $45.00 Weekday (Eve/Night $47.50 Weekend Day/ Premium Holiday $50.00 Weekend (Eve/Night)/Premium Holiday $52.50 In addition to the above rates of pay for Per Diem staff, said staff Per Diems shall, on a quarterly basis, receive a bonus payment upon an assessment of their pattern of work.

  • Effective the pay period closest to 1/1/20, the per diem hourly wage rates are: Weekday $48.00 Weekday (Eve/Night) $50.50 (inclusive of shift differential) Weekend Day/ Premium Holiday $55.50 (inclusive of weekend differential) Weekend (Eve/Night)/Premium Holiday $58.00 (inclusive of shift & weekend differential) In addition to the above rates of pay for Per Diem staff, said staff Per Diems shall, on a quarterly basis, receive a bonus payment upon an assessment of their pattern of work.


More Definitions of Premium Holiday

Premium Holiday. In the event that a “premium holiday” is declared by the County’s health plan administrator or provider in which health plan premiums are not required to be paid for a period of time, the following shall occur:
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Premium Holiday means the period during which the payment of Regular Premiums has been suspended in accordance with Clause 2.3.
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