Waiting Period Requirement definition

Waiting Period Requirement. If hired between the First and the Fifteenth of the month, coverage begins the first of that month. If hired after the Fifteenth or the month, coverage begins the first of the following month. Minimum Participation: 75% of eligible employees not otherwise covered by another group health plan EMPLOYER PREMIUM CONTRIBUTION PacificSource Minimum Requirement: Employees: 50% Dependents: 0% MONTHLY PREMIUM INFORMATION Plan Name Per Member Per Month PSN 1250+0_20+Rx S4 $259.09 SCHEDULE OF BENEFITS See the Medical Benefit Summary in the Member Handbook for more information. ADMINISTRATIVE PROVISIONS‌ ELIGIBILITY Persons within the following classes and no others are eligible to become enrolled and to remain enrolled under the group policy: • Employees. This plan does not cover spouses or qualified domestic partners, but does cover dependent children of spouses and qualified domestic partners. Disregard any reference to spouse or domestic partner. All employees of the policyholder including sole proprietors, partners of a partnership, leased workers, and independent contractors if they are included as an employee under the health benefit plan of the employer, in accordance with the following criteria: − Hourly requirement. The employee must satisfy the hourly requirement by regularly working at least the number of hours per week stated in the Schedule. − Hourly requirement and waiting period limitations. Subsequent changes in the hourly requirement and/or waiting period are subject to PacificSource approval and become effective the first of the month following the date PacificSource receives written notification of and agrees to the change. Employers with 51 or more eligible employees must apply hourly requirements and waiting periods uniformly within categories of employees. The categories must be based on bona fide employment-based classifications that are consistent with the employer’s usual business practice. • Family members. Dependent children of a subscriber, subscriber’s spouse, or subscriber’s qualified domestic partner who meet eligibility requirements outlined in Eligibility and Enrolling Family Members sections of the Member Handbook are eligible for coverage. • Loss of dependent eligibility. Eligibility for coverage as a dependent ends when they no longer meet the eligibility requirements for a dependent outlined in the Eligibility and Enrolling Family Members sections of the Member Handbook.
Sample 1
Waiting Period Requirement means both (i) the attainment of age twenty-one (21) and (ii) a Participant’s continued employment for an Employer for ninety (90) days after the Participant’s date of hire.
Sample 1
Waiting Period Requirement means both (i) the attainment of age twenty-one (21) and (ii) a Participant's continued employment for an Employer for one Year of Service, commencing with the Participant's date of hire.
Sample 1

Examples of Waiting Period Requirement in a sentence

  • Changes in Enrollment under a Voluntary Subsidy Program With and Without a Waiting Period Requirement (in millions) a/ Impact of insurance market reforms on employer coverage.


More Definitions of Waiting Period Requirement

Waiting Period Requirement means both (i) the attainment of age twenty-one (21) and (ii) a Participant's continued employment for an Employer for ninety (90) days after the Participant's date of hire.
Sample 1
Waiting Period Requirement means both: (i) a Participant's continued employment for an Employer for twenty Years of Service, commencing with the Participant's date of hire; and (ii) a Participant's continued employment for an Employer in the capacity of Vice President or above for five Years of Service. A Year of Service during which a Participant is employed by an Employer in the capacity of Vice President or above may be counted toward satisfaction of both prongs of the Waiting Period Requirement.
Sample 1
Waiting Period Requirement means both (i) the attainment of age twenty-one (21) and (ii) a Participant’s continued employment or service as a Director for an Employer for ninety (90) days after the Participant’s date of hire or election or appointment as a Director, as applicable.
Sample 1

Related to Waiting Period Requirement

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal quarter of Borrower most recently ended prior to a Covenant Trigger Event for which Borrower is required to deliver to Administrative Agent quarterly or annual financial statements pursuant to Section 5.2 of this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (i) 10% of the Borrowing Limit, and (ii) $15,000,000 for 60 consecutive calendar days.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Testing Date means 31 December of each year.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Monitoring Period means the period from the Launch Date to the Valuation Date (both dates including) at such point in time at which the Reference Price of the Underlying is determined and published..

  • Minimum Condition has the meaning set forth in Annex I.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Reporting Period shall begin on the first day of each calendar quarter and end on the last day of such calendar quarter.

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Weekly Reporting Period means any period (a) during which any Default or any Event of Default has occurred and is continuing, or (b) that constitutes a Minimum Availability Period; provided that if the circumstances described in clause (a) or (b), as applicable, shall occur and cease to exist twice during any calendar year, then any subsequent Weekly Reporting Period occurring during such calendar year shall continue through the end of such calendar year.