Effective Date of Group Policy definition

Effective Date of Group Policy. Date the Group Policy takes effect.
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Examples of Effective Date of Group Policy in a sentence

  • All Eligible Members who have been listed as Insured Members under the List of Insured Members annexed to the Group Policy Schedule shall be covered as Insured Members under the Group Policy from the Effective Date of Group Policy.

  • Contributions The amount of Contributions shall be determined by The Company as of the Effective Date of Group Policy and each Annual Renewal Date on the basis of actuarial valuation of the individual employer’s gratuity scheme.

  • In case the Group Life Cover for any Insured Member under this Group Policy is equal to the difference between the Total Statutory Gratuity Benefits, and the Accrued Gratuity of the Member concerned, the Group Life Cover for the Members joining the Group Policy on the Effective Date of Group Policy shall commence from the same date.

  • Each Premium due after the Effective Date of Group Policy, as per Premium Due Dates specified in the Schedule, may be paid within a Grace Period of 30 days after the Premium Due Date.

  • In case the maximum Group Life Cover for any Insured Member under this Group Policy is restricted to the difference between the Total Statutory Gratuity Benefits, and the Accrued Gratuity of the Member concerned, the Group Life Cover for the Members joining the Group Policy on the Effective Date of Group Policy shall commence from the same date.

  • Each Premium / Contribution is due after the Effective Date of Group Policy, as per Premium / Contribution Due Dates specified in the Schedule which may be paid within a Grace Period of 30 days after the Due Date.

Related to Effective Date of Group Policy

  • Effective date of enrollment means the first date when an en- rollee is entitled to receive covered benefits.

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Effective Date of Settlement means: the date on which all of the conditions to settlement set forth in § 2 of this Settlement Agreement have been fully satisfied or waived and the Settlement shall have become Final.

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Effective Date has the meaning set forth in the preamble.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Index Cessation Effective Date means, in respect of an Index Cessation Event, the first date on which the Applicable Rate is no longer provided. If the Applicable Rate ceases to be provided on the same day that it is required to determine the rate for an Interest Determination Date but it was provided at the time at which it is to be observed (or, if no such time is specified, at the time at which it is ordinarily published), then the Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published; and

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • Agreement Termination Date is defined in Section 7.4.

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Effective date of participation means July 1, 1968, except with

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.