REQUIRED PREMIUM Sample Clauses

REQUIRED PREMIUM. Each participating employee will contribute 50% of the premium cost of $0.30 per thousand per month, whichever is the lesser.
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REQUIRED PREMIUM. The monthly premium cost is paid by the Company.
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REQUIRED PREMIUM. The Company shall pay 75% of the cost of the plan and the Employee shall pay 25%. Employees on WSIB and WI will contribute 50% of the premium cost or thirty (.30) per thousand per month, which ever is the lesser up to 12 months. For the purpose of this coverage for those on WSIB or WI the premium paying arrangement in place during the September 1, 2005 Collective Agreement will apply.
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REQUIRED PREMIUM. Active Employees: Effective May 1, 2006, each participating employee will be provided a Basic Term Life Insurance of $75,000 at no premium cost to the employee. An eligible employee who elects to participate in the Optional Term Life Insurance will be required to contribute the necessary premium as required. Retired Employees: No contribution is required.
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REQUIRED PREMIUM. Each participating employee will contribute thirty cents per thousand dollars of coverage per month towards the premium cost. The premium cost for the coverage will be borne by the Company.
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REQUIRED PREMIUM. Each participating employee will contribute of the premium cost of per thousand per month, whichever is the lesser. AMOUNT OF INSURANCE per employee, or as may be amended. COMMENCEMENT OF INSURANCE
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Related to REQUIRED PREMIUM

  • Weekend Premium Pay Any nurse who works on a weekend shall receive four dollars ($4.00) per hour premium pay for each hour worked on the weekend in addition to the nurse’s regular rate of pay. Weekend premium pay shall not be included in the nurse’s regular rate of pay for overtime pay calculations, unless required by the Fair Labor Standards Act. The weekend shall be defined as all hours between 11:00 p.m. Friday and 11:00 p. m. Sunday.

  • Weekend Premium Effective July 1, 2020, an employee shall be paid a weekend premium of one dollar and ten cents ($1.10) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Lead Hand Premium The Lead Hand premium shall be one dollar and fifty cents ($1.50) per hour for employees so appointed and the Company retains sole discretion to appoint, maintain or delete the use of lead hands.

  • Overtime and Premium Pay Section 1. Overtime at the rate of one and one-half (1 1/2) times an employee's regular straight time hourly rate of pay shall be paid for all work over forty (40) hours in one (1) week.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • First Aid Premium First Aid Premiums shall apply when an employee is assigned by the Employer to be a First Aid Attendant on a job site and shall be paid as follows: Level II - $1.00 per hour. Level III - $2.00 per hour.

  • Longevity Premium From the start of the sixty-first (61st) full month to and including the one hundred twentieth (120th) full month of continuous employment, permanent employees shall be paid a longevity premium of two percent (2%).

  • Premium Pay “Premium Pay” is a special pay rate for working during times that are less desirable, such as weekends, holidays or late shifts. The City will not pay the Consultant Premium Pay.

  • Required Preauthorization Prescription drugs for which preauthorization is required are marked with the symbol (+) in the Summary of Pharmacy Benefits. For details on how to obtain prescription drug preauthorization for a prescription drug, see Prescription Drug Preauthorization in Section 3 for details. If preauthorization is not obtained, you will be required to pay for the prescription drug at the pharmacy. You can ask us to consider reimbursement after you receive the prescription drug by following the prescription drug preauthorization process. For a list of prescription drugs that require preauthorization, visit our website or call our Customer Service Department.

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

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