Additional Premium Payments Sample Clauses

Additional Premium Payments. The Certificate Owner may make additional Premium Payments under the Certificate after the right to examine period ends. Except in the case of a Certificate issued as a qualified plan, we will accept additional Premium Payments until the earlier of (1) either the Annuitant (in the case of a non-natural Certificate Owner) or Certificate Owner reaching the Attained Age of 86; or (2) the death of the Certificate Owner. The minimum additional Premium Payment which may be made is $100.00. If this Certificate is issued as a qualified plan, no Premium Payments may be made for the taxable year in which the Certificate Owner begins receiving distributions and thereafter (except for rollover contributions). The minimum additional Premium Payment which may be made to a Certificate issued as a qualified plan is $50.00. Any additional Premium Payment that would cause the Certificate’s total premiums to exceed $1,000,000 requires our prior approval. We must approve any additional Premium Payment the Certificate Owner makes under the Certificate that causes the total Premium Payments under the Certificate plus total premiums paid under any other annuity contracts or certificates the Certificate Owner has with us to exceed $1,000,000. We also reserve the right to defer acceptance of or return any additional Premium Payments if:
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Additional Premium Payments. You may make additional Premium Payments under this Contract after the right to examine period ends. Except in the case of a Contract issued as a qualified plan, we will accept additional Premium Payments until the earlier of (1) either the Annuitant (in the case of a non-natural Owner) or Owner reaching the Attained Age of 86; or (2) the death of the Owner. The minimum additional Premium Payment which may be made is $100.00. If this Contract is issued as a qualified plan, no Premium Payments may be made for the taxable year in which you begin receiving distributions and thereafter (except for rollover contributions). The minimum additional Premium Payment which may be made to a Contract issued as a qualified plan is $50.00. Any additional Premium Payment that would cause the Contract’s total premiums to exceed $1,000,000 requires our prior approval. We must approve any additional Premium Payment you make under this Contact that causes the total Premium Payments under this Contract plus total premiums paid under any other annuity contracts or certificates you have with us to exceed $1,000,000. We also reserve the right to defer acceptance of or return any additional Premium Payments if:
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Additional Premium Payments. The Owner may make additional Premium payments as described below prior to reaching Attained Age 121. Additional Premium payments may be limited to amounts that will not cause the Policy to become a modified endowment contract under Section 7702A of the Code. The minimum additional Premium that will be accepted at one time is as set out in the Policy Schedule. The Company reserves the right to restrict or refuse additional Premium payments that exceed the initial periodic Premium amount shown on the Policy Schedule and which would cause this Policy to fail to qualify as life insurance under applicable tax laws, unless Premiums are necessary to continue coverage. The Company is not responsible for any unintended tax consequences of any additional Premium payments and nothing contained herein is to be construed as the giving of tax advice.
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Additional Premium Payments. If there is no outstanding Policy Debt, you may make additional premium payments. If there is outstanding Policy Debt, any payment you make will be used first for repaying Policy Debt. You may make additional premium payments if the payment: . is at least $1,000 and in addition to the total of all premiums previously paid does not exceed the maximum premiums shown in the policy data pages; or . is required for an increase in Specified Amount after the first anniversary; or . is required as described in the Grace Period provision to prevent termination. At issue, the portion of Account Value in the Separate Account associated with the initial premium is 1. If you pay an additional premium, the portion of the Account Value in the Separate Account representing the additional premium will be determined on the date the premium is received. This portion is (a) divided by (b), where: (a) is l; and (b) is the portion of the Account Value in the Separate Account for the additional premium causing the redetermination. Whenever an additional premium is paid, we redetermine the portion of Account Value in the Separate Account associated with the initial premium. The new portion associated with the initial premium will be (a) minus (b), multiplied by (c), where: (a) is 1; (b) is the portion of the Account Value in the Separate Account representing the additional premium causing the redetermination; and (c) is the current portion associated with the premium for which the new portion is being determined. Whenever an additional premium is paid, we will redetermine all portions associated with prior additional premiums in the same manner as described above for the portion associated with the initial premium. Where to Pay Premiums Send each premium to our Home Office. Make the check payable to GE Life and Annuity Assurance Company. Allocation of Premiums You may allocate premiums to one or more Subaccounts. You may not allocate premiums to more than the maximum number of Subaccounts shown on the policy data pages. The minimum percentage of each premium which may be allocated to any particular Subaccount is shown on the policy data pages. Premiums will initially be allocated in accordance with the allocations requested by you. You may change the allocation of premiums at any time without charge. To change your allocations send us a notice at our Home Office. The notice must be in writing or in any form acceptable to us. The changed allocation will apply to premiums received ...
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Additional Premium Payments. Any premium payments after the first premium may be made under a periodic plan or at any time while this Policy is in effect and before the younger Insured's Attained Age of 100. Periodic Premium Plan. You may request that we send reminders of your Planned Periodic Premium. You may choose to send premiums directly to us either annually, semi-annually, or quarterly. You may also arrange for pre-authorized payments from your bank account or similar facility either annually, semi- annually, quarterly or monthly. Planned Periodic Premiums will be subject to our rules on the minimum amount. You may change the frequency or amount of your Planned Periodic Premium. We reserve the right to limit the amount of any increase in Planned Periodic Premiums.
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Additional Premium Payments. 4.4.1 The employer may elect to pay employees a premium payment that is in addition to the base rates of pay and attendance bonus contained in sub clause 3.1.1 of this Agreement. Upon qualification, additional premium payments will not replace the base rates of pay or attendance bonus and will not be taken into account when calculating any other entitlements.
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Related to Additional Premium Payments

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one) ☐ - There shall be No Additional Payment made by either Spouse to the other than those listed in this Agreement. ☐ - There shall be an Additional One (1) Time payment in the amount of $ made by the ☐ Husband ☐ Wife to the ☐ Husband ☐ Wife (“Additional Payment”). The Additional Payment shall be made within thirty (30) days after a divorce judgment, decree, or similar document that certifies the Divorce. ☐ - Other. .

  • Additional Payments Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations.

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

  • Payment of Premium Increases (a) As used herein, the term "

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Interim Payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in Xxxxx X; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

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