Changes in Premium Sample Clauses

Changes in Premium. We may also adjust the Premium rates and/or the manner of calculating Premiums effective as of any Premium Due Date upon 30 days prior written notice to Contract Holder, provided that no such adjustment will be made during the Initial Term except to reflect changes in applicable law or regulation or a judicial decision having a material impact on the cost of providing Covered Benefits to Members.
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs
Changes in Premium. We may modify the Premium rates at any time, without your consent, upon at least 30 days prior notice to the Contractholder, subject to the approval of the Florida Office of Insurance Regulation. Payments submitted to us following receipt of any such written notice of modification constitutes acceptance by the Contractholder of any such modification.
Sample 1Sample 2Sample 3See All (9)
Changes in Premium. We may also adjust the Premium rates and/or the manner of calculating Premiums effective as of any Premium Due Date upon 30 days prior written notice to Contract Holder, provided that no such adjustment will be made during the Initial Terms except to reflect changes in applicable law or regulation or a judicial decision having a material impact on the cost of providing Covered Benefits to Members. At the end of a Term, We may declare an experience credit. The amount of each credit We declare will be returned to Contract Holder. Upon the request of the Contract Holder, part or all of it will be applied against the payment of Premium or in any other manner as may be agreed to by the Contract Holder and Us. If the sum of Subscriber contributions exceed the sum of Premiums (after applying any experience credits), the excess will be used by the Contract Holder for the sole benefit of the Subscribers. The Contract Holder is solely responsible for the distribution of such excess.
Sample 1
Changes in Premium. Premium rates may be changed on your Anniversary Date as described in Section 4.A above regarding renewal.
Sample 1
Changes in Premium. We may also adjust the Premium rates and/or the manner of calculating Premiums effective as of the contract renewal date, upon 30 days prior written notice to Contract Holder. Small employers’ Premium rates will remain in effect for no less than 6 months, for the Initial Term and Subsequent Terms.
Sample 1
Changes in Premium. We may also adjust the Premium rates and/or the manner of calculating Premiums effective as of the contract renewal date, upon 30 days prior written notice to Contract Holder. Small employers’ Premium rates will remain in effect for no less than 6 months, for the Initial Term and Subsequent Terms. At the end of a Term, We may declare an experience credit. The amount of each credit We declare will be returned to Contract Holder. Upon the request of the Contract Holder, part or all of it will be applied against the payment of Premium or in any other manner as may be agreed to by the Contract Holder and Us. If the sum of Subscriber contributions exceed the sum of Premiums (after applying any experience credits), the excess will be used by the Contract Holder for the sole benefit of the Subscribers. The Contract Holder is soley responsible for the distribution of such excess.
Sample 1
Changes in Premium. We may adjust the Member Premium rates and/or the manner of calculating Member Premiums to reflect changes in applicable law or regulation or a judicial decision having a material impact on the cost of providing Covered Benefits to Members. Any changes to Member Premiums shall be made in accordance with applicable CMS requirements.
Sample 1
AutoNDA by SimpleDocs
Changes in Premium. The Company may change the premium rate for the inclusion of Hazard H-39 under this Policy at any time if (1) war risk conditions change in the Designated War Risk Territory(ies); (2) there is a change in which area(s) is (are) defined to be the Designated War Risk Territory(ies); or (3) the Policyholder’s exposure to war risk in the Designated War Risk Territory(ies) changes in any way. The Company will give the Policyholder written notice of any change in the premium rate for the inclusion of Hazard H-39 at least 10 days in advance of the effective date of the change. Termination Date. Hazard H-39 ceases to apply with respect to this Policy on the earliest of: (1) the date the Policy terminates; (2) the date the Company receives written notice from the Policyholder of the Policyholder’s intent to terminate the applicability of Hazard H-39 (or on the date specified in the written notice, if later); or (3) the date specified in the Company’s written notice to the Policyholder of the Company’s intent to terminate the applicability of Hazard H-39 (or 45 days after the date the written notice is received by the Policyholder, if later).
Sample 1

Related to Changes in Premium

  • Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters.

  • Changes in Benefits The Bank shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Bank and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Bank. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to Executive pursuant to Section 3(a) hereof.

  • Changes in Capitalization Subject to any required action by the stockholders of Connetics, the number of shares of Common Stock covered by the Option as well as the Exercise Price shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by Connetics; provided, however, that conversion of any convertible securities of Connetics shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided in this Option Agreement, no issuance by Connetics of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option.

  • Changes in Fiscal Year Make any change in its fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year.

  • Changes in GAAP If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

  • Adjustments Upon Changes in Capitalization As used herein, the term "Adjustment Event" means an event pursuant to which the outstanding shares of the Company are increased, decreased or changed into, or exchanged for a different number or kind of shares or securities, without receipt of consideration by the Company, through reorganization, merger, recapitalization, reclassification, stock split, reverse stock split, stock dividend, stock consolidation or otherwise. The term "Adjustment Event" shall also mean to include: (i) any issuance by the Company of the Company's securities (excluding securities issued to the Company's employees, directors, consultants and others similarly situtated) below fair market value for such securities as determined at the time of issuance; and (ii) any issuance at a price below the purchase price per Share for the common stock underlying the Options, as adjusted. Upon the occurrence of an Adjustment Event, (i) appropriate and proportionate adjustments shall be made to the number and kind and exercise price for the shares subject to the Options, and (ii) appropriate amendments to this Agreement shall be executed by the Company and the Optionee if the Board of Directors in good faith determines that such an amendment is necessary or desirable to reflect such adjustments. If determined by the Board of Directors to be appropriate, in the event of an Adjustment Event which involves the substitution of securities of a corporation other than the Company, the Board of Directors shall make arrangements for the assumptions by such other corporation of the Options. Notwithstanding the foregoing, any such adjustment to the Options shall be made without change in the total exercise price applicable to the unexercised portion of the Options, but with an appropriate adjustment to the number of shares, kind of shares and exercise price for each share subject to the Options. The good faith determination by the Board of Directors as to what adjustments, amendments or arrangements shall be made pursuant to this Section, and the extent thereof, shall be final and conclusive, provided that the Options herein are adjusted in a manner that is no less favorable than the manner of adjustment used as to any other options issued by the Company to its employees, directors, consultants or in any transaction. No fractional Shares shall be issued on account of any such adjustment or arrangement.

  • Changes in Work A. Work Previously Submitted as Satisfactory. If the Engineer has submitted work in accordance with the terms of this contract but the State requests changes to the completed work or parts thereof which involve changes to the original scope of services or character of work under the contract, the Engineer shall make such revisions as requested and as directed by the State. This will be considered as additional work and paid for as specified under Article 4, Additional Work.

  • Changes in Classification The regular wage rate of the employee in effect on July 1 and January 1 will determine his entitlement to Group Life and Accidental Death and Dismemberment coverages as outlined in the schedule contained in Exhibit “B”. Where an employee’s regular duties consist of more than one job, his regular rate shall be deemed to be the average of the rates applicable to such jobs.

  • MINOR CHANGES IN THE WORK If permitted in the agreement between Owner and Architect, the Architect has authority to order minor changes in the Work not involving adjustment in the Contract Sum or extension of the Contract Time and not inconsistent with the intent of the Contract Documents.

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