Determining Premium Sample Clauses

Determining Premium. On approximately the fifteenth day of each month, the Insurance Company will determine the number of Members Covered under the Policy, and this will be the basis for the Premium charged by the Insurance Company for the following billing period. The Group will submit monthly a listing of Members for the Insurance Company to reconcile Members covered under the Group’s Coverage. The following describes how the Insurance Company will bill for adding and terminating Members:
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Determining Premium. On [approximately] [the] [first – thirtieth] [(1st - 30th)] [day] [of each month] [of each billing period], the [Plan] [Group] will determine the number of [Subscribers] [and/or] [Members] Covered under the Group's Coverage, and this will be the basis for the Premium [charged] [paid] by the [Plan] [Group] for the [following] [current] billing period. [The Group will submit [monthly] [quarterly] [semi-annually] [annually] a listing of [Subscribers] [Members] for the Plan to reconcile [Subscribers] [Membe6rs] covered under the Group’s Coverage.] The following describes how the [Plan] [Group] will xxxx for adding and terminating Members:
Sample 1

Related to Determining Premium

  • Training Premium Qualified Operators selected by the Employer to train new Operators shall be paid a training premium of 40¢ per hour while engaged in training work.

  • Shift Premium Full-Time and Part-Time Employees shall be paid a shift premium of one dollar ($1.00) per hour for all hours worked where the majority of their scheduled hours fall between 1500 and 0700 hours.

  • Overtime Premium (a) Employees shall be entitled to payment of time and one-half (1-1/2X) the employee's basic straight time hourly rate for all authorized overtime work in excess of seven and one-half (7-1/2) hours in a tour of duty or in excess of the average full-time hours of work over the period scheduled by the Hospital. Such period for this purpose shall not exceed two (2) weeks. It is understood that no overtime will be paid where the time worked was a result of an exchange at shifts between employees. Overtime shall be distributed as equally as practical among those employees normally performing the type of work to be done on overtime. Notice of overtime work shall be given as soon as practically possible. It is understood and acknowledged that the Hospital has the right to require employees to perform reasonably authorized overtime work. Call-back shall not be considered as hours worked for purposes of this Article. Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal work week and also as hours for which the overtime premium is paid. Where an employee is required to work additional overtime contiguous to an overtime shift within a twenty-four (24) hour period, the employee will be compensated at the rate of double time his or her straight time hourly rate for all additional contiguous overtime hours worked.

  • Night Shift Premium Any employee who is required to work on any day when the majority of their working hours fall between 10.00 p.m. and 5.00 a.m., or who starts their shift prior to 5.00 a.m., shall be paid a premium, in addition to their regular, hourly rate, of one dollar and twenty-five cents ($1.25) per hour for all hours worked on the shift. Shift premium pay shall not be added to an employee’s hourly rate for the purpose of computing overtime. This clause shall not result in duplication of premiums.

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