Common use of Premium Rate Clause in Contracts

Premium Rate. A Producer which does not qualify as a "$15 Million Contributor" shall contribute to the Health Plan: (i) four dollars eighty-six and three-tenths cents ($4.863) for each hour worked by or guaranteed an employee by such Producer on or after July 29, 2018 to and including August 3, 2019 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; (ii) five dollars sixty-one and three-tenths cents ($5.613) for each hour worked by or guaranteed an employee by such Producer on or after August 4, 2019 to and including August 1, 2020 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; and (iii) six dollars thirty-six and three-tenths cents ($6.363) for each hour worked by or guaranteed an employee by such Producer on or after August 2, 2020 to and including July 31, 2021 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked.

Premium Rate. A Producer which does not qualify as a "$15 Million Contributor" (other than an Employer covered under Article 11(b)(3) below) shall contribute to the Health Plan: (i) four seven dollars eightyfifty-six and three-tenths cents ($4.8637.563) for each hour worked by or guaranteed an employee by such Producer on or after July 29August 1, 2018 2021 to and including August 3July 30, 2019 2022 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; (ii) five eight dollars sixtyseventy-one six and three-tenths cents ($5.6138.763) for each hour worked by or guaranteed an employee by such Producer on or after August 4July 31, 2019 2022 to and including August 1July 29, 2020 2023 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; and (iii) six nine dollars thirtyninety-six and three-tenths cents ($6.3639.963) for each hour worked by or guaranteed an employee by such Producer on or after August 2July 30, 2020 2023 to and including July 31, 2021 2024 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked.

Premium Rate. A Producer which does not qualify as a "$15 Million Contributor" (other than an Employer covered under Article XII(b)(3) below) shall contribute to the Health Plan: (i) four seven dollars eightyfifty-six and three-tenths cents ($4.8637.563) for each hour worked by or guaranteed an employee by such Producer on or after July 29August 1, 2018 2021 to and including August 3July 30, 2019 2022 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; (ii) five eight dollars sixtyseventy-one six and three-tenths cents ($5.6138.763) for each hour worked by or guaranteed an employee by such Producer on or after August 4July 31, 2019 2022 to and including August 1July 29, 2020 2023 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked; and (iii) six nine dollars thirtyninety-six and three-tenths cents ($6.3639.963) for each hour worked by or guaranteed an employee by such Producer on or after August 2July 30, 2020 2023 to and including July 31, 2021 2024 under the terms of this Agreement, including "straight time" and "overtime" hours on any day worked.