Target Premium Clause Samples

The Target Premium clause defines the specific premium amount that a policyholder is expected to pay for an insurance policy, typically on a scheduled basis. In practice, this clause sets a benchmark for premium payments, which may be used to determine policy benefits, maintain coverage, or trigger certain policy features. By clearly establishing the expected premium, the clause helps ensure both parties understand their financial obligations and supports the ongoing validity of the insurance contract.
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Target Premium. The target premium is an annual amount determined from -------------- tables published by SECURITY LIFE with respect to a policy or rider upon which commissions are based. As it applies to future business, the target premium may be changed from time to time by SECURITY LIFE. The target premium applicable to a particular coverage shall be determined from the table in force when the first premium for such coverage is entered as paid in the accounting records of SECURITY LIFE.
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Target Premium. The Target Premium is the maximum amount of premium to which the first year commission rate applies. Commissions paid on premiums received in excess of the Target Premium are paid at the excess rate. The Target Premium is an amount calculated in accordance with the method of calculation and rates from the USL Target Premium schedules. USL may change the Target Premium schedules from time to time. The Target Premium applicable to a particular coverage shall be determined from the schedule in force when the first premium for such coverage is entered as paid in accounting records of USL.
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Target Premium. The “Target Premium” (also sometimes referred to as “Commission Target”) is an amount determined from tables published by PL&A with respect to a policy or rider upon which commission is based. Target Premium shall be calculated in accordance with rates and methods of calculation described in the Rates and Values Book for the Product. As it applies to future business, the Target Premium may be changed from time to time by PL&A. The Target Premium applicable to a particular coverage will be determined from the table in force when the first premium for such coverage is entered as paid in the accounting records of PL&A.
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Target Premium. The “target premium” is an amount determined from tables published by Pacific Life & Annuity (PL&A) with respect to a policy or rider upon which commission is based. As it applies to future business, the target premium may be changed from time to time by PL&A. The target premium applicable to a particular coverage will be determined from the table in force when the first premium for such coverage is entered as paid in the accounting records of PL&A.
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Target Premium. The target premium is an amount determined from tables published by Pacific Mutual with respect to a policy or rider upon which commissions are based. Target premiums shall be calculated in accordance with the rates and methods of calculations described in the Pacific Select Exec Rates and
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Related to Target Premium

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • Night Shift Premium All hours worked by an employee between ten (10:00) p.m. and seven (7:00) a.m. shall be considered as shift work and paid for at the applicable straight time/overtime rate plus two ($2.00) dollars per hour shift premium for each full hour worked during this period. Night-shift premium shall not be added to the employee’s hourly rate of pay for the purpose of computing overtime 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.

  • 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

  • Shift Premiums (a) All employees who are required by the Employer to rotate over two (2) or more shifts shall receive a shift premium of thirty cents ($0.30) for each hour worked on the afternoon or evening shifts only. Shift premium will not be paid for any hour in which an employee receives overtime premium and shift premium will not form part of the employee's straight time hourly rate. (b) In no event shall there be any pyramiding of benefits or payments.