PAY PREMIUMS Sample Clauses

The PAY PREMIUMS clause requires one party, typically the insured, to make timely payments of insurance premiums as a condition for maintaining coverage. In practice, this means the insured must pay the specified amounts by the due dates outlined in the policy, and failure to do so can result in suspension or cancellation of coverage. This clause ensures that the insurer receives the necessary funds to provide coverage and that the insured remains protected, thereby preventing lapses in insurance due to non-payment.
PAY PREMIUMS. 22.01 Any security officer required to be on duty at a psychiatric isolation detention ▇▇▇▇ or any security officer required to guard a psychiatric patient in any location shall be paid an additional one dollar and forty ($1.40) cents per hour for all hours worked performing said function. 22.02 Any security officer who is assigned by a designated Company official to relieve an officer who is receiving hazard pay shall also receive the appropriate hazard pay for all time spent relieving.
View SourceView Similar (4)
PAY PREMIUMS. Each Obligor will duly and punctually pay all premiums and other moneys payable under its Insurance Policies and promptly, upon request by the Facility Agent, produce to the Facility Agent copies of the premium receipts or other evidence of the payment thereof.
View SourceView Similar (2)
PAY PREMIUMS. 22.01 Any security officer required to be on duty at a psychiatric isolation detention ▇▇▇▇ or any security officer required to guard a psychiatric patient in any location shall be paid an additional two dollars ($2.00) per hour for all hours worked performing said function. 22.02 Any security officer who is assigned by a designated Company official to relieve an officer who is receiving hazard pay shall also receive the appropriate hazard pay for all time spent relieving. 22.03 The Company agrees that all security officers assigned to work at sites deemed by the Company and the Union to be of high crime risk will be paid a minimum of two dollars ($2.00) per hour more than the Regular Pay Site provided for in Appendix A-1 of this Agreement. The Company and the Union will discuss at Joint Labour Management meetings which sites should be deemed high crime risk locations and if mutual agreement cannot be reached the matter may be referred to arbitration under the terms of this Collective Agreement.
View SourceView Similar (2)
PAY PREMIUMS. A Flight Dispatcher selected to perform the Project Dispatcher role shall receive a premium of five per cent (5%) on their Flight Dispatcher hourly pay rate for hours worked in the Project Dispatcher role.
View Source
PAY PREMIUMS. Any security officer required to be on duty at a psychiatric isolation detention ▇▇▇▇ or any security officer required to guard a psychiatric patient in any location shall be paid an additional one dollar and forty ($1.40) cents per hour for all hours worked performing said function. Any security officer assigned to guard prisoners for law enforcement agencies, shall be paid an additional one dollar and forty ($1.40) cents per hour for all hours worked performing said functions. Any security officer who is assigned by a designated Company official to relieve a officer who is receiving hazard pay shall also receive the appropriate hazard pay for all time spent relieving. The Company agrees to pay an additional seventy-five cents per hour as pay premium to security officers assigned to work at shopping centres deemed by the Company and the Union to be of high crime risk (any site receiving seventy-five cents or more per hour above the rates identified in Category Ain AppendixA-I be entitled to this pay premium). The Company and the Union will discuss which sites should be deemed high crime risk locations and if mutual agreement cannot be reached the matter may be referred to arbitration under the terms of this Collective Agreement. Protection Officer is defined as “any security officer assigned duties for the specified purpose of the protection and safety of persons and entails personal bodyguard duties for the protection of an individual at a specific function or event on a temporary basis.” For these duties the Officer will be paid a minimum rate of per hour. Wage increases shall be as per Appendix Strike Services Officer is defined as “any security officer assigned specific and additional duties relating to picket line duty, surveillance of strike activity, protection of property and lives. This duty is specific to labour disputes only, and is on a temporary basis, a strike services officer does not include a regular security officer that may be on duty at a client site performing their regular duties or job description.” For those duties the officer will be paid a minimum rate of per hour. Wage increases shall be as per Appendix Security officers in the employ of the Company required to appear in court on behalf Company or its client to provide evidence relating to their employment with the Company, shall be paid for all time required to be in court, the difference between the witness fee and the amount of regular wages they would have earned had they wo...
View Source

Related to PAY PREMIUMS

  • Premiums The premiums for insurance policies required pursuant to this Article must be paid as a common expense by the Owners' Association.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday: A. A Full-Time or Part-Time Nurse who is regularly scheduled to work on a recognized Holiday shall be paid at the rate of one and one-half times (1.5 x) the Nurse’s regular rate of pay; or B. A Nurse who works overtime (as defined in Article 7.07) on a recognized Holiday shall be paid at the rate of two times (2 x) the Nurse’s regular rate of pay for the overtime worked.

  • Pay Period The term “pay period” denotes compensation earned during the first (1st) day through the fifteenth (15th) day of each calendar month, or compensation earned during the sixteenth (16th) day through the last day of each calendar month. There shall be twenty four (24) pay periods in each calendar year.

  • Continuation Coverage If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of six (6) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this Section 3(a)(iii), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.