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:
Sample 1Sample 2
AutoNDA by SimpleDocs
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:
Sample 1
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.
Sample 1
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 ...
Sample 1
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. 4.4.2 An additional premium payment system may apply to the whole workplace covered by this Agreement or a section or sections of the workplace or specified employees within the workplace. 4.4.3 The terms and conditions of any additional premium payment system will be; - fully explained by the employer to all employees who may have the potential to access such a payment prior to its implementation. - committed to writing by the employer in a form that enables the operation of the system to be readily understood and allows employees to monitor relative entitlements; and - made available by the employer in written form to all employees who have the potential to access the additional payment. 4.4.4 Once implemented, additional premium payment systems may only be modified by agreement between the employer and the majority of employees who have the potential to access the additional premium payment. 4.4.5 The employer may elect to terminate any such additional premium payment systems upon providing not less than one weeks’ notice of their intention to do so.
Sample 1
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.
Sample 1

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. 1. PPO medical coverage 2. Prescription drug coverage

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Additional Payments If, for any taxable year, Executive shall be liable for the payment of an excise tax under Section 4999 and/or Section 409A or other substitute or similar tax assessment (the “Excise Tax”) of the Internal Revenue Code of 1986, as amended (the “Code”), including the corresponding provisions of any succeeding law, with respect to any payments or benefits under Section 9 of this Agreement or Sections 7 or 8 or any other provision of this Agreement, including but not limited to this Section 12 or under any benefit plan of the Company applicable to Executive individually or generally to executives or employees of the Company, then, notwithstanding any other provisions of this Agreement, the Company shall pay to the Executive an additional amount (the “Gross-Up Payment”) such that the net amount retained by the Executive, after deduction of the Excise Tax imposed on all such payments and benefits and of the federal, state and local income tax and Excise Tax imposed upon payments provided for in this Section 12, shall be equal to the payments and benefits due to the Executive hereunder and the payments and/or benefits due to the Executive under any benefit plan of the Company. Each Gross-Up Payment shall be made to Executive or as provided in Section 16 hereof, upon the later of (i) five (5) days after the date the Executive notifies the Company of its need to make such Gross-Up Payment, or (ii) the date of any payment causing the liability for such Excise Tax. The amount of any Gross-Up Payment under this section shall be computed by a nationally recognized certified public accounting firm designated jointly by the Company and the Executive. The cost of such services by the accounting firm shall be paid by the Company. If the Company and the Executive are unable to designate jointly the accounting firm, then the firm shall be the accounting firm used by the Company immediately prior to the Change in Control.

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

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.

  • 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;

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Rent Payments Xxxxxx agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. Xxxxxx agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. Xxxxxx agrees that rent shall be paid in lawful money of the United States via the Xxxxx Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. Xxxxxx agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!