Monthly Deductions. On each Policy Processing Day, beginning on the Policy Date, we will deduct the following charges from the Policy Account Value:
Monthly Deductions. The Employer agrees to deduct regular Union membership dues biweekly from the pay of any employee in the bargaining unit eligible for such deduction upon receiving written authorization signed individually and voluntarily by the employee. Upon receipt of the proper authorization, the Employer will deduct Union dues from the payroll check for the next pay period in which dues are normally deducted following the pay period in which the authorization was received by the Employer.
Monthly Deductions. The County agrees to deduct every two weeks (26 pay periods) the Union dues for each employee covered by this agreement who individually and voluntarily certifies in writing on an authorization form that such deductions are authorized. A signed dues deduction form received by the Office of Human Resources will be processed within thirty (30) days of receipt. No authorization shall be allowed fo r payment of initiation fee, assessments or fines. If the amount of dues to be deducted is to be changed, the Union s h a l l officially notify the Human Resources Director in writing of the proposed change. There must be at least a thirty (30) day notice of the effective date of any change in the amount of the Union dues to allow the County to make the necessary technical and administrative changes. The County remittance of dues will be deemed correct if the Union does not give written objection to the C o u n t y within thirty (30) days after t h e r e m i t t a n c e is sent. Such notice of objection must state t h e amount the remittance is incorrect.
Monthly Deductions. At the beginning of each policy month we make a deduction from your Policy Account to cover the monthly administrative charge and to provide insurance coverage. If you do not submit the full minimum initial premium with your application, and the minimum initial premium is paid upon delivery, your monthly charges commence as of the Register Date. Generally, the Register Date will be earlier than the date coverage begins. Such deduction for any policy month is the sum of the following amounts determined as of the beginning of that month: o the monthly administrative charge; o the monthly mortality and expense risk charge; o the monthly cost of insurance for the insured persons; and o the monthly cost of any benefits provided by riders to this policy. The monthly cost of insurance is the sum of (a) our current monthly cost of insurance rate times the net amount at risk at the beginning of the policy month divided by $1,000; plus (b) any flat extra charge shown in the "Policy Information" section. The net amount at risk at any time is the death benefit (calculated as of that time) minus the amount in your Policy Account at that time No deduction is made (except for the mortality and expense risk charge) after the policy anniversary nearest the 100th birthday of the younger insured person.
Monthly Deductions. In Section
10.1 MONTHLY DEDUCTIONS, the sentence: If the day on which a Monthly Deduction is made is not a Valuation Day, the Monthly Deduction will be calculated using accumulation unit values determined at the end of the preceding Valuation Period. Is amended to read: If the day on which a Monthly Deduction is made is not a Valuation Day, the Monthly Deduction will be calculated using accumulation unit values determined at the end of the Valuation Period during which the Monthly Deduction is made.
Monthly Deductions. At the beginning of each policy month we make a deduction from your Policy Account to cover the monthly administrative charge and to provide insurance coverage. The first deduction is made on the Register Date. No deduction is made after age 100 of the insured person. Such deduction for any policy month is the sum of the following amounts determined as of the beginning of that month: o the monthly administrative charge; o the monthly cost of insurance for the insured person; and o the monthly cost of any benefits provided by riders to this policy. The monthly cost of insurance is the sum of (a) our current monthly cost of insurance rate times the net amount at risk at the beginning of the policy month divided by $1,000; plus (b) any flat extra charge shown in the "Policy Information" section. The net amount at risk at any time is the death benefit (calculated as of that time) minus the amount in your Policy Account at that time. We will determine cost of insurance rates from time to time. Any change in the cost of insurance rates we use will be as described in the "Changes in Policy Cost Factors" provision. They will never be more than those shown in the Table of Maximum Cost of Insurance Rates on Page 4-Continued.
Monthly Deductions. At the beginning of each Policy Month, we make a deduction from the Accumulation Value. The Monthly Deduction for a Policy Month equals the sum of: o The monthly expense charges shown on the Schedule Page and any Schedule Page supplements; o The charge for any additional benefit riders for the month; and o The insurance risk charge for that month. The Monthly Deduction will be deducted based on the proportions that the unloaned values in the Fixed Account and in the Variable Options bear to the Unloaned Accumulation Value. CHARGES FOR ADDITIONAL BENEFIT RIDERS. The amount of the monthly charge for any additional benefit riders is calculated as described in the riders and shown on the Schedule Page. INSURANCE RISK CHARGES. The insurance risk charge for each Policy Month equals the insurance risk charges for that month for each Specified Amount portion then in effect. To determine the insurance risk charge for a Specified Amount portion for a Policy Month, we multiply: o The Insurance Risk Amount for the Specified Amount portion for that month; by o The cost of insurance rate that applies to the Specified Amount portion for that month. The Insurance Risk Amount for a Specified Amount portion for a Policy month equals: o The Death Benefit associated with that Specified Amount portion divided by 1.002466; minus o The Accumulation Value at the beginning of the Policy Month, before the Monthly Deduction for the month is subtracted. In determining the Insurance Risk Amount, we will first assume that the Accumulation Value is part of the Initial Specified Amount. If the Accumulation Value is greater than the Initial Specified Amount, we will assume the Accumulation Value is part of each Specified Amount increase in order, starting with the first increase. The cost of insurance rate for a Specified Amount portion is based on the risk classification of the Insured that applied to that portion of the Specified Amount. The cost of insurance rate for a Policy Month will be on a uniform basis for all Specified Amount portions that: o Are in the same Specified Amount band, sex, and risk classification; o Take effect when the Insureds are the same Age; and o Have been in force the same lengths of time. We may change our cost of insurance rates from time to time based on our future expectations of investment earnings, mortality, persistency, expenses and taxes. Any change we make will apply to all Specified Amount portions in the same risk classification. The cost of insur...
Monthly Deductions. CAMH will deduct from each employee in the bargaining unit an amount equal to the regular monthly dues designated by the Union. The amount of regular monthly dues shall be as certified to CAMH by the Treasurer of the Union from time to time. The amounts so deducted shall be remitted by CAMH to the Union’s Director of Finance no later than the 15th of the month following the month in which such deductions were made. It is understood that CAMH shall deduct Union dues from any retroactive wage payments.
Monthly Deductions. At the beginning of each policy month we make a deduction from your Policy Account to cover monthly administrative charges and to provide insurance coverage. Such deduction for any policy month is the sum of the following amounts determined as of the beginning of that month: o the monthly administrative charges; o the monthly cost of insurance for the insured person; and o the monthly cost of any benefits provided by riders to this policy. The monthly cost of insurance is the sum of a) our current monthly cost of insurance rate times the net amount at risk at the beginning of the policy month divided by $1,000; plus b) any flat extra charge shown in the Policy Information section. The net amount at risk at any time is the death benefit minus the amount in your Policy Account at that time. We will determine cost of insurance rates from time to time. Any change in the cost of insurance rates we use will be as described in "Changes in Policy Cost Factors" on Page 16. They will never be more than those shown in the Table of Guaranteed Maximum Cost of Insurance Rates on Page 4 - Continued.
Monthly Deductions. It is the intention of the parties that such deductions shall comply with the requirements of the Sections 302(c)(4) of the Labor-Management Relations Act of 1947, as amended, and that such deductions shall be made only pursuant to written assignments from each employee on whose account such deductions are made, which assignment shall not be irrevocable for a period of more than one (1) year, or beyond the termination date of this Agreement, whichever occurs sooner. Upon receipt of a written authorization form from an employee, the Employer agrees to deduct each week the applicable hourly amount stipulated in Addendum #1, from the pay of each employee covered by this Agreement and shall remit this payment by the 10th of the month following the preceding month to Ironworkers Local Union #386, 0000 Xxxxx Xxxxxx, Xx Xxxxx, XX 00000. The Union agrees to indemnify and hold harmless the Employer, and/or Association from any claim, suits, cause of action or otherwise as regards the creation of a Dues check-off and/or Ironworkers Political Action League deduction, their administration or any act or action in connection therewith and such indemnity and agreement to hold harmless shall include the payment of costs and attorneys fees in behalf of the beneficiaries of such indemnity. DUES CHECK-OFF - It is mutually agreed that the Contractors signatory to this Agreement shall make the appropriate deduction for the Dues Check-off as detailed in Addendum #1. IRONWORKERS POLITICAL ACTION LEAGUE (I.P.A.L.) - It is mutually agreed that the Contractors signatory to this Agreement shall make the appropriate deduction for the Ironworkers Political Action League as detailed in Addendum #1.
