VFP definition
Examples of VFP in a sentence
The amount you may have to pay to compensate us for the loss is calculated using the formula prescribed in regulation 9 of the Credit Contracts and Consumer Finance Regulations 2004, but the formula for calculating the value of forgone payments in regulation 9 (2) is changed as follows: The value of forgone payments (VFP) is calculated by totalling the resulting PV’s of each forgone payment.
After this, employees who are enrolled in the J or VHP plans cannot switch between these two plans, but may switch to a VFP plan when it is available.
Once an employee selects a VFP plan or opts out of the health insurance plan, the employee is not eligible for a VHP or J plan.
Once an employee selects a VFP plan, the employee is not eligible for a VHP or J plan.
The alarm wires will be coiled and tagged for identification per VFP standards.
Employees who are enrolled in the J or VHP plans cannot switch between these two plans, but may switch to a VFP plan when it is available.
Employees on either VFP Plan may purchase dental by paying 50% of the premium.
Voya and the Provider desire to enter into a master agreement that will describe the terms and conditions under which Voya Institutional Trust Company shall send remittances to the Provider on behalf of the Employers and VFP will send corresponding Data files to the Provider on behalf of the Employers.
In the event any Payment is NIGO because it exceeds the aggregate remittance amount set out in the Data by an amount that is greater than $5.00, VFP shall direct Voya Trust to return the entire Payment (including the excess) to Employer or, if applicable, its Assignee, within 7 calendar days following VFP’s confirmation of the excess amount.
Employees on the VFP may purchase dental by paying 50% of the premium.