Final premium settlement Sample Clauses

Final premium settlement. 5.4.1 If the premium is based on variable data (such as annual wages or annual turnover), the policyholder shall be obliged to provide the insurers with the data required to determine the final premium within three (3) months after the expiry of any one policy year.
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Final premium settlement. 5.4.1 If the premium is based on variable data (such as annual wages or annual turnover), the policyholder shall be obliged to provide the insurers with the data required to determine the final premium within three (3) months after the expiry of any one policy year. 5.4.2 If the policyholder fails to provide the required data or fails to provide those at the time required, the insurers shall have the right to determine the premium on the basis of estimated figures, as provided elsewhere. 5.4.3 According to the final premium exceeding or falling short of the deposit premium, either an additional premium shall be charged to the policyholder or a return premium shall be refunded to the policyholder, such subject to any applicable minimum premium.
Sample 1
Final premium settlement. 5.4.1 If the premium is based on variable data (such as annual wages or annual turnover), the policyholder is obliged to provide Chubb within three (3) months after the expiry of any one policy year with the data required to determine the final premium.
Sample 1

Related to Final premium settlement

  • Gross Settlement Amount Except as otherwise provided by Section H below, Defendant promises to pay $350,000 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Section D of this Settlement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • 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.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • 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.

  • Loss Settlement Covered property losses are settled as follows:

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 30 days after the Effective Date.

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