Premium Entitlement Sample Clauses
The Premium Entitlement clause defines a party's right to receive or be credited with a specified premium, typically in the context of insurance, finance, or service agreements. This clause outlines the conditions under which the premium becomes due, such as upon the occurrence of certain events, the passage of time, or fulfillment of contractual obligations. For example, it may specify that an insurer is entitled to collect a premium once coverage begins, or that a service provider receives a premium payment after delivering a milestone. Its core function is to clearly establish when and how premium payments are earned or owed, thereby preventing disputes and ensuring both parties understand their financial rights and obligations.
Premium Entitlement a) Normally classes are scheduled between the hours 8:30 a.m. and 4:30 p.m. Scheduled workloads for full-time instructors outside of these hours qualifies the employee for a premium pursuant to the salary schedule.
b) If an instructor elects to re-schedule his/her workloads outside of the hours mentioned above this premium will not apply.
c) Payment will be made on the last pay period in December and June.
Premium Entitlement. Notwithstanding the provisions of Article 45.02 – Shift Premiums, employees working on extended hours shift shall be entitled to the applicable shift premium for hours worked between 4:00 p.m. and 8:00 a.m.
Premium Entitlement. 39 The District shall pay the maximum amount specified in Section 11.1.2 herein for District approved 40 insurance plans for each employee. Maximum premium amounts shall be subject to the proration as 41 specified in Section 11.1.3 herein. Employees who work less than four (4) hours per day are not 42 eligible for the insurance benefits specified herein. 43
Premium Entitlement. 6 MSD agrees to provide the insurance plans, follow employee eligibility rules and provide funding for all 7 bargaining unit members and their dependents as required by State law, the State Operating Budget, and 8 the School Employees’ Benefits’ Board (SEBB). Employer funding will include payment of the retiree 9 carve-out for all eligible employees as long as such carve-out is included in the employer premium rate 10 funded by the State and charged by ▇▇▇▇.