Employee premium definition

Employee premium means the monthly premium share a person or family is required
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Employee premium means the monthly amount an individual or family is required to pay to the employer to obtain and maintain ESI coverage.
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Employee premium means for any Employee the sum of (a), (b), (c) and (d) below:
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Examples of Employee premium in a sentence

  • Employee premium contributions shall be paid by payroll deduction.


More Definitions of Employee premium

Employee premium means the monthly premium share a person or family is required 29 to pay to the employer to obtain and maintain ESI coverage.
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Related to Employee premium

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Applicable Premium means, with respect to any Note on any redemption date, the greater of:

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Premium means any premium payable under the terms of the Notes.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Worker Wage Rate means the actual hourly wage of non-salaried persons performing work on the Project plus allowable employer contributions as established on the Worker Wage Rate Form required by the Construction Documents. The Worker Wage Rate must be reasonable and customary for their industry, must equal or exceed the prevailing wage established by Owner and must be approved in writing by Owner in advance of any Application for Payment. All payments for non-salaried personnel working on the Project are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by employer for services performed for the Project.

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.