REQUIRED PREMIUM Sample Clauses

REQUIRED PREMIUM. Each participating employee will contribute 50% of the premium cost of $0.30 per thousand per month, whichever is the lesser.
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REQUIRED PREMIUM. Active Employees: Effective May 1, 2006, each participating employee will be provided a Basic Term Life Insurance of $75,000 at no premium cost to the employee. An eligible employee who elects to participate in the Optional Term Life Insurance will be required to contribute the necessary premium as required. Retired Employees: No contribution is required.
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REQUIRED PREMIUM. The monthly premium cost is paid by the Company.
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REQUIRED PREMIUM. The Company shall pay 75% of the cost of the plan and the Employee shall pay 25%. Employees on WSIB and WI will contribute 50% of the premium cost or thirty (.30) per thousand per month, which ever is the lesser up to 12 months. For the purpose of this coverage for those on WSIB or WI the premium paying arrangement in place during the September 1, 2005 Collective Agreement will apply.
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REQUIRED PREMIUM. Each participating employee will contribute thirty cents per thousand dollars of coverage per month towards the premium cost. The premium cost for the coverage will be borne by the Company.
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REQUIRED PREMIUM. Each participating employee will contribute of the premium cost of per thousand per month, whichever is the lesser. per employee, or as may be amended.
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Related to REQUIRED PREMIUM

  • Required Prepayments 15 Section 8.2. Optional Prepayments with Make-Whole Amount....................................16 Section 8.3.

  • Weekend Premium An employee shall be paid a weekend premium of one dollar and forty-five cents ($1.45) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other 48 hour period that the Hospital may establish. If an employee is in receipt of premium payment pursuant to a local scheduling regulation with respect to consecutive weekends worked, he will not receive weekend premium under this provision. Effective June 28, 2005, the weekend premium shall be increased to $1.55 per hour.

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

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • 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.

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

  • 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.

  • Shift and Weekend Premium (a) An employee shall be paid a shift premium of eighty-five cents (85¢) per hour for each hour worked between the hours of 1500-0700 hours. (b) Effective July 1, 2013, an employee shall be paid a weekend premium of one dollar ($1.00) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Sunday Premium Any employee who is required to work at any time on a Sunday shall be paid a Sunday premium in addition to their regular hourly rate of pay in the amount of seventy-five (75¢) cents per hour, for each such hour and portion of an hour worked. Sunday premium pay shall not be added to an employee's hourly rate of pay for the purpose of computing overtime. The provisions of this Article shall not apply to the “in charge” employees referred to in sub-articles 23.03 and 23.04 of this Agreement.

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