RESET PREMIUM INCREASES Sample Clauses

RESET PREMIUM INCREASES. While this Agreement remains in force for new business, the reinsurance premium on reset will be set at (he same level as the reinsurance premium that applies to new business. If this Agreement is terminated for new business, as provided in Article 18, and a policyholder of a rider reinsured under this Agreement elects a reset of their GIB, the reinsurance premium for that rider will determined as follows: The Reinsurer and the Ceding Company will review and calculate the Standard & Poor's 500 Total Return 1-Year Volatility and Risk-Free Rate, as both are defined in Exhibit I of this Agreement for each calendar quarter-end. If the combination of these calculated factors fall within the "Extreme Market Matrix" shown in Exhibit I, the Actual Reset Reinsurance Premium will be calculated per Exhibit I and will apply for the following calendar quarter to riders for which the policyholder elects a reset of their GIB during that calendar quarter. Otherwise, the reinsurance premium for riders in which GIB benefits have been reset shall be equal to the base reinsurance premium (as defined in Section 5.01) plus 6 basis points (annualized). Prior to each month, the Ceding Company will have the right to cancel reinsurance coverage on those riders where the policyholder elected a reset of their GIB.
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Related to RESET PREMIUM INCREASES

  • Payment of Premium Increases (a) As used herein, the term "

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Cost of Living Increase The minimum fee set forth in this Schedule may increase annually upon each March 1 anniversary of this Agreement over the minimum fee during the prior 12 months, as calculated under this Schedule, in an amount equal to the increase in Pennsylvania Consumer Price Index (not to exceed 6% annually) as last reported by the U.S. Bureau of Labor Statistics for the twelve months immediately preceding such anniversary.

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • PREMIUM ADJUSTMENT If THE COMPANY overpays a reinsurance premium and THE REINSURER accepts the overpayment, THE REINSURER’s acceptance will not constitute or create a reinsurance liability or increase in any existing reinsurance liability. Instead, THE REINSURER will be liable to THE COMPANY for a credit in the amount of the overpayment. If a reinsured policy terminates, THE REINSURER will refund the excess reinsurance premium. This refund will be on a prorated basis without interest from the date of termination of the policy to the date to which a reinsurance premium has been paid.

  • Increase in Interest Rate In the event that:

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Price Increases GlobalCenter shall not increase the prices for services during the initial term of any Service Order, but may thereafter change prices upon sixty (60) days written notice.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Applicable Interest Rates (a) U.S.

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