Premium Co-Pay Sample Clauses

Premium Co-Pay. For eligible and participating full-time employees, the Board’s contribution toward the cost of such group health insurance coverage, including premiums and any other Board paid payments or contributions relating to such coverage, shall be limited to the so-called maximum “hard cap” levels prescribed in the Publicly Funded Health Insurance Contribution Act (Act 152 of 2011; MCL 15.561-569), as the same may be amended from time to time. For eligible and participating part-time employees, the Board’s contribution toward the cost of such coverage shall be pro-rated based on the employee’s part-time status in relation to full-time status.
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Premium Co-Pay. For eligible and participating full-time employees, the Board’s contribution toward the cost of any such group insurance coverage shall be limited to ninety percent (90%) of the premium(s). For eligible and participating part-time employees, the Board’s contribution toward the cost of any such coverage shall be pro-rated based on the employee’s part-time status in relation to full-time status.
Premium Co-Pay. Members of the bargaining unit will pay an amount of twenty-dollars ($20.00) per pay for family coverage and ten-dollars ($10.00) per pay for single coverage from July 1, 2014 through June 30, 2015. The parties agree that Section 3 may be reopened in June 2015. Members of the bargaining units will not pay higher premiums for health care coverage than any other member of the Xxxxxxx Township health plan.

Related to Premium Co-Pay

  • Premium Pay “Premium Pay” is a special pay rate for working during times that are less desirable, such as weekends, holidays or late shifts. The City will not pay the Consultant Premium Pay.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated. 1. PPO medical coverage 2. Prescription drug coverage

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • 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.

  • PREMIUM TAX The Reinsurer will not reimburse the Ceding Company for premium taxes.

  • Overtime and Premium Pay A nurse shall be paid at the rate of one and one- half (1½) times the nurse’s regular hourly rate of pay for all hours worked in any one category listed below, including statutory overtime pay under 9.4.1 or premium pay under 9.4.2 through

  • Premium Taxes If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C-1. The method and requirements for reporting and remitting premiums are specified in Exhibit F.

  • Premium Once your contract of insurance has been concluded, we will send you an invoice (also referred to as a debit note). You must pay the premium due in accordance with the amounts and payment dates specified in the invoice. Failure to meet the payment date may lead insurers to cancel your policy. No payment shall be deemed to have been received until we have received cleared funds. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in automatic termination of your insurance contract.

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