Employer Payment definition
Employer Payment means the amount owed or payable to Claim Administrator by Employer for a given Employer Payment Period in accordance with Section 5 of this Exhibit which is the sum of Claim Payments made plus applicable service charges incurred during that Employer Payment Period.
Employer Payment means the amount owed or payable to Claim Administrator by Employer for a given Employer Payment Period in accordance with Section 5 of this Exhibit which is the sum of Net Claim Payments made plus applicable service charges incurred during that Employer Payment Period.
Employer Payment. An employer may have a Contribution made of an amount equal to the Annuitant's recordkeeping fee then due for the Annuitant. If such a Contribution is made, no withdrawal from the Annuitant's Account will then be made pursuant to this Section.
Examples of Employer Payment in a sentence
Employer Payment must be made or obtained within forty-eight (48) hours of confirmation by Employer or Employer’s notification by Claim Administrator.
Employer shall confirm with Claim Administrator or Claim Administrator shall notify Employer’s financial division, of Employer Payment for each Employer Payment Period and when such payment is due.
In consideration of Claim Administrator’s obligations as set forth in the Agreement and at the end of each Employer Payment Period, Employer shall pay to Claim Administrator or shall provide access for Claim Administrator to obtain, Employer Payment amount due for that Employer Payment Period.
More Definitions of Employer Payment
Employer Payment means the payment an employer makes to the
Employer Payment means a pro rata portion of the Employer Fund, less any
Employer Payment. The payment an employer makes to the department for participation in the program; an employer approved for participation in the program shall make a nonrefundable quarterly payment to the department for the benefit of the employer's health care professional employee. The employer payment may come from any available source, including a philanthropic institution, health foundation, government agency, community organization, or private individual.